Remodelling your Home
If you’re considering remodelling, one of the big questions is how much value the renovations will add to your property. Much of the time, improvements are a longer term investment, which add value if you plan to sell up after a few years, but there are some projects that make a sound short term investment, without emptying your pockets in the process.
Replacing your front door
It’s such a simple improvement, one that many don’t even consider, but replacing your front door can add almost as much value to your home as what is costs. According to a 2014 report by Remodeling Magazine, 96.6% of the value you spend on a front door will be added to your home. The type of door you choose depends on the style of your house – the key is to ensure it works with the overall look and feel of the property.
This is a bigger project to take on and can cost a lot of money, but according to the report a loft conversion is well worth it. You’re adding an extra bedroom to the house, which will increase its appeal and add value – up to 84% of the cost of the improvement. Ideally you don’t want to have to make changes to your home’s foundations as this will increase costs.
An update to your kitchen can represent as much as 83% of the project’s costs back to the value of your home. This doesn’t necessarily mean an entirely new kitchen – aesthetic updates such as replacing cabinet doors (keeping carcasses the same), putting on new work surfaces and giving the room a lick of paint to freshen it up, can result in a financial benefit when you come to selling.
If you live in an older house, it may be time to think about replacing the windows. Modern windows are a home improvement that can increase energy efficiency, meaning there’s less to pay out on utilities. Triple glazing is a more expensive options but keeps warmth in and noise out and will benefit you as well in the short term.
These aren’t cheap, but if you remodel your basement you can expect to recoup an average of 77% of the cost. A popular use for a basement is as an entertainment centre, with comfy sofas, a TV and games consoles. This can add a new dimension to the property and appeal to families who value their own space.
To Start Remodelling Contact Today
To find out more about how to add value to your home, contact Bluelime for advice or a quotation.