6 Ways To Improve Your Home

6 Ways To Improve Your Home

6 Ways To Improve Your Home

With interest rates at rock bottom and a stock market that people are understandably wary of and inflation heading to five per cent, the only way to protect your wealth is to invest in your own home. Remortgaging to finance value-adding work to bathrooms, kitchens and lofts is the easiest means of financing renovation or extension projects.By remortgaging, you can often obtain a better interest rate than your existing or previous mortgage, and you can also take additional funds. That way you'll have the cash to improve your living standards by developing your property and you'll also be increasing its appeal and value if you ever decide to sell.Bathroom Refit: You can make huge improvements with a new bathroom too, but againyou don't necessarily need to replace everything. If the bath and shower units are very old you're better replacing them. The cost varies depending on what you want. A cheaper new set can make a big change. Again if there are fitted cupboards just replacing the doors can make the room look nicer. Try tile paint instead of replacing tiles to save on costs.Redecoration:- Painting and decorating is probably the most cost effective way of adding value to your property. It can be done yourself, it is relatively cheap in terms of materials, and it has the power to transform a room and give a potential buyer and easy 'wow' factor when they see it. One of the most common errors that vendors make when putting a property on the market is to allow it to look tired and shabby. Redecorating is an ideal way to make a remortgage go further.New Conservatory: A conservatory is a lovely room to add to the property and a great place for sitting in the summer with a glass of wine - add heating and you can use it in the winter too! A conservatory could add 10-15% onto the value of your home.Swimming Pool: OK so this one isn't for everyone, but adding a pool (which can be inside a conservatory area) if your home is large enough can really add a lot of value. You can expect an increase of around 15% to the value of your home - but only if you have the space. If you end up taking up most of the garden to put one it that is more likely to decrease the value.New kitchen: A new kitchen is one of the most popular types of home improvement. Whilst it makes a home more attractive to buyers and increases its value, it is vital that you don't exceed a careful budget when installing a new kitchen. The website whatprice.co.uk has found that a kitchen renovation only adds around 8 per cent to the market value of your home and so you should ensure your budget for improvements is less than this amount.New Windows and Doors: New windows and doors doesn't just increase the value of your home, it may help to save on utility bills too as double glazing keeps the heat in better. It can cost 3,000 to 5,000 for the windows depending on the size and number that need replacing. New front and back doors in PVC usually cost around 350-500 each, so add another 1000 on for replacing two doors. If your interior doors are quite old you may want to think about replacing those too as this can be as cheap or expensive as you like.Loft conversion:- Loft conversions, like kitchens, can either pay off or leave you out of pocket. You need to make sure that the conversion is likely to add enough value to the property to justify spending on the conversion. The loft conversion can be quite an expensive item so do your homework firstLook at the area you live in and try to gauge the ceiling price for homes before you add something large like a loft conversion. It might be a good idea to contact a surveyor first or a builder to price the job before you get started. Only then can you be sure that you're likely to make a profit.

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