Not every home is forever. For those that may be looking to sell their home and ensure that they get the best value in return for it, renovating the home may be a wonderful idea. While all homes have their own wonderful assets, as time goes by, the value of certain aspects of a home increase as well. We have compiled a list of possible ways that you can add value to your home through renovations that will have a considerable return on investment for you.
1. Add Bedrooms
An amazing method of increasing the property’s value is through adding a new bedroom in space that may not otherwise be optimised for property value. Through enclosing areas of a balcony that is not usually used or moving around the home’s walls, you can avoid the added costs and easily increase the value of your property.
2. Modernise the Kitchen
Most time is spent in the kitchen, and as such, having a stylish and trendy kitchen can be a great way to add value to your home without too much cost. Trade out old countertops for stone quartz countertops for your kitchen, add an island if there is not already one, repaint the walls to a lighter colour to ensure that the space looks as large as it possibly can. All of these little details can add up to a massive change that will increase your property’s value.
3. Changing up the Bathrooms
Never underestimate a bathroom’s details. Most people end up having to use their bathrooms multiple times a day, and making these trips to the bathroom a pleasant experience for them can pay off for you. Change outdated toilets and faucets for new ones that add dimension and style to the home. For a worthwhile investment, change the bath and offer a walk-in shower with a glass door if you have the space.
4. Add a Garden Office
For those of us who may be working from home during the pandemic and may not be returning to the office any time soon, making sure that we are getting our productivity in check can be a difficult task. Having a garden office that is separate from your home will most certainly add value to any home that you are looking to upgrade and help boost the natural light you are getting daily. Done right, this can considerably increase the value for your home and become a new favourite spot for anyone living there.
These four tips are a great place to start brainstorming how you can add value to your property, but there’s much more you can do if you truly want to make sure you are increasing your property value as much as you can that is dependent on the individual property. If you would like to have a more in-depth conversation about how you can add value to your specific property, our specialists at LivMor Developments would be more than happy to assist. Be sure to contact us and we can make sure you get the best possible value as you upgrade your luxury home.