Property Investments and New Developments
Apparently so, providing you get it right first time round. There’s been alot of debate recently regarding the true value of home improvement. People who are choosing to stay put rather than sell up and move are sprucing up instead. However, they’re not just making improvements willy-nilly. Gone are the days when all home improvement projects were deemed to be a good idea.
These days, homeowners are being advised to choose their projects wisely.
Certain home improvements are highlighted as being more cost-effective than others. The trick is pinpointing which ones are worth the time and effort.
According to Anna-Maria DeSouza, editor of BuildIt magazine, extensions and loft conversions are key renovations for vendors looking to maximise asking prices.
The true value depends on whether you’re looking to improve your quality of life or your bank balance. Those intending to stay put for a long time naturally want to make their homes more comfortable. However, anyone looking to make a home improvement or two with a view for attracting a higher sale price should really be quite cautious.
The key to making the right decision regarding home improvement to weigh up whether the amount you invest will be recouped upon sale.
Yes, it is possible to add value by extending and improving.
However, it can all go pear-shaped if you botch the job. It’s no secret that many of us cut corners when it comes to decorating. Whilst that can be corrected without too much hassle, the stakes become higher when the project is more complex.
Home improvement can be a money pit if you need to call in the experts to rectify mistakes.
When it comes to home improvement, honesty is the best policy. If you aren’t 100% sure that you can do a good job, reconsider or let the pros handle the work from the start.