Selling your property is one of the best investments you can make. By renovating your home so it’s more aesthetically pleasing and has more desirable attributes, you can make an amazing profit. The key is to sell your house for a higher price than you bought it at, including what you’ve spent on redecorations. However, this is easier said than done. Sometimes you can be lured into a false economy when it comes to home renovations. So, what exactly are the proven and cost-effective ways to increase the resale value of your home? Read on and find out.
Loft Conversions
This is a sure-fire method to increase the resale value of your home. Loft conversions are when you transform your attic into an additional floor. They’re typically used for bedrooms and washrooms, so your property can ascend from a two-bed to a three-bedroom household with an additional bathroom. This means your property skyrocket will in its pricing, so you’re guaranteed to make a profit. Another benefit of loft conversion is that little to no planning permission is required (though you might need to update your insurance coverage). On top of that, loft conversions usually include fitting a skylight. These can also add value to your property because of their aesthetic appeal and how they improve air ventilation. The price of a loft conversion varies with the size of the attic, so do your research before investing.
Reflooring
Not only is the floor the foundation of your household, but it also greatly increases your property’s aesthetic appeal. Without even realising it, one of the first things people will notice when viewing a home is the quality of the flooring. To create a good first impression, it’s important to invest in a floor which is properly fitted and made with a luxuriant material. Wood flooring is perfect for home renovators looking to make a profit. It’s a high-quality, highly sought-after material with an ageless appeal. In addition to this, wood floorboards have a lifetime of nearly 30 years and can instantly make any room look more attractive. All these factors mean wood floors increase the resale value of your property significantly. Find a wood flooring shop to help you decide which style of hardwood wood flooring is right for you.
Energy Efficiency
When you look at houses online, you’re also likely to come across an energy efficiency infographic. This is because the value of a property depends as much on its appearance as it does its functionality. For instance, homes without double-glazing are less valuable as they aren’t as thermally efficient. This means the tenants will spend more money on heating and cooling their property than the average household. To increase resale value, ensure your home is as energy efficient as possible. You can do so by installing interior insulation for your walls or adding double-glazing among other things.
By improving your house’s appearance and attributes with renovations, you can turn in a massive profit. Be careful, though. You might end up liking your home too much to sell it.