Of course, not every renovation will add the same amount of value as others. It’s helpful to have an idea of which projects will have the greatest impact before you start to spend.
Refresh the Kitchen, Don’t Rebuild It
Most properties have mediocre kitchens. As long as the refresh contains the basics of mid-range quality such as new doors, worktops, and taps, it’s likely to recoup most of the cost. Cabinetry for example almost always fails to recoup its cost.
Update the Bathroom Practically
A tired bathroom can easily put buyers off. A high end spa bathroom, with all the trimmings, is unlikely to add equivalent value to a property. Dated bathroom fittings can be easily and affordably updated. Bathrooms can be re-grouted, new bathroom extractor fans and/or windows introduced and then painted and decorated to give a totally fresh look.
Improve Energy Efficiency
Other aspects that affect the value of a property such as loft insulation, new double glazing, and a new efficient boiler are recorded on the EPC rating of a property and are becoming more and more important for buyers.
Boost Kerb Appeal Cheaply
Painting the front door, redecorating the masonry and clearing the gutters is inexpensive but instantly creates a great first impression to potential buyers.
Don’t Over-Improve for the Area
Renovations to increase property value don’t necessarily mean spending above the normal price for similar homes in the same village. Properties in villages like Upper Slaughter in the Cotswolds have natural price limits.
Home Renovations Upper Slaughter is covered in more detail at https://precisionbuildersltd.co.uk/services/home-renovations/upper-slaughter/.
Spend on items that others will notice and your return on investment will follow.
