Are you feeling like your home could use a little sprucing up? The home renovation market has seen a massive boom in the UK in recent years, with over half of homeowners choosing to renovate instead of moving. With house prices on the rise, investing in your current home can actually be more cost-effective than moving, depending on the work you carry out and the standard to which it is completed.
But where are the best parts of your home to invest in?
Repair your roof
A damaged roof can cause untold issues in your home, many of which you will be unaware of until it’s too late. Did you also know that failing to keep your roof in good condition can invalidate your building insurance, meaning any damage caused by a leaking or poorly neglected roof won’t be covered under your policy?
Typically roofs have a 20-25 year life span, and you need to ensure during this time you rectify any damage quickly using professional roofing companies such as Multiform Roofing.
Upgrade your kitchen
Homeowners looking to upgrade their kitchens typically look at spending between £10,000 and £30,000 depending on the size, style and fitting and finishings you use.
Integrated kitchen diners and kitchens with good access to the gardens using bi-fold doors, for example, will typically cost more, as will kitchen extension to maximise space. However, well-designed kitchens can add around 6% to the value of your home, meaning you can recoup some of the cost when you sell if this is on the cards.
Overhaul your landscaping
Did you know buyers these days are willing to pay more for well-landscaped gardens than new kitchens or bathrooms? A study by Post Office Money suggested that an impeccably landscaped garden, size-dependent, can add up to 77% to the value of your home. This can be even more if you have indoor-outdoor living with decking and well-utilised gardens with attention to detail.
You may not think about your home’s structural integrity until something goes wrong. But poor maintenance can lead to expensive structural damage, including cracks in the foundation, rotting wood, and weak beams and columns. These issues can cost thousands of pounds to repair, so it’s best to address them as soon as they arise. You can have an engineer or contractor perform a thorough inspection of your home’s structural integrity, or you can do it yourself by checking your local building codes. If any issues arise, you can get them taken care of before they become significant problems.
Update the bathroom
Much like the kitchen, the bathroom is one of the most used rooms in the house, and updating your fixtures and fittings can allow you to not only improve the look and feel of your bathroom using modern styles and decor trends but can potentially add 4-5% to the overall value of your home.
Of course, there are many more areas of your home that you can invest in to increase your comfort and home’s value; however, when looking at it from a prospective buyers’ standpoint, these five options yield the best results in today’s market.
Nb. Collaborative post.