If you’re lucky enough to own a property, you might be considering a renovation. Whether there’s significant work to be done or you just want to level up your interior, not all upgrades are made equal.
According to real estate experts, some home improvements will give you substantially more returns than others. To help you decide whether a house renovation is right for you, we’ve broken down the best – and worst – home renovations below.
Consider your budget
Before you start any home renovation project, it’s important to consider your budget. If you don’t have enough cash to cover the renovations outright but are confident you’ll get the money back when it comes to selling the house, you might want to consider alternative financing options, such as loans. In these cases, you will need to ensure your credit history is in good order to proceed.
The best home renovations
- Energy efficiency
With energy bills rising exponentially in the last few years, many of us are looking for ways we can save on our energy bills.
With a desire to be greener, it makes sense that renovations that involve making your home more energy-efficient can increase the value of your home.
Although energy-saving home renovations like smart heating systems, double-glazed windows, or even solar panels can be expensive, it’s usually worth it in the long run.
- Kitchens
The kitchen is the hub of your home. As a place to eat, relax, socialise, and spend quality time with your family, it’s no surprise that many buyers are looking to buy a home with a great kitchen.
Even if your kitchen is functional, updating your kitchen with new appliances, plumbing fixtures, and cabinet doors is a surefire way to boost your house price.
If you can afford to, breakfast bars can add even more to your house price.
- Bathrooms
Much like kitchens, bathrooms that are clean, contemporary and new will add value to your house price.
If you only have one bathroom, be sure to incorporate a bath-shower combo. Otherwise, if you only have either a bath or shower, you could be putting off potential buyers.
- Outdoor spaces
Although British summers can be unpredictable, home buyers want to know that should the sun come out to play, there’s ample space for a BBQ!
According to statistics, 70% of buyers would pay more for a property with outdoor green space, and a nicely presented, landscaped garden can add 20% to your property value. So, be sure to factor in the outside space when planning your home renovations.
Final thoughts…
Most importantly, you should complete the home renovations that make a difference in your life. What buyers want will fluctuate over time, so if you do your research, figure out what sells, and complete renovations that bring you joy, you can’t go far wrong.