Home improvements are an excellent strategy to boost the value of your property and upgrade the quality of your life while you are still living in it.
Some home improvement projects can be inexpensive and straightforward, such as repainting interior or exterior walls or getting replacement windows in London for your traditional wooden windows that have seen better days. But others can be expensive, complicated, and take weeks of construction work like building an extension.
Ideally, you should be able to introduce aesthetic and practical enhancements to your house without splurging too much. At the end of the day, the goal is to be able to close off a sale that is worth more than the property’s original price plus all the money you spent on renovations. That being said, it’s crucial to plan and strategize first before jumping into any major home refurbishment projects.
In this article, we’ll talk about:
- The factors that dictate the value of your property
- The top five ways to boost your home’s sale value
- How much each home renovation project costs
- How much value does each home improvement add
Keep reading to learn more!
How to Know Your Home’s Value
There are several different factors that dictate or influence a home’s value. This typically includes the following:
- Location
- Home size and usable space
- Years of existence and current condition of the residential structure
- Upgrades and updates
- Local market
- Interest rates
To get an estimate for your property, you can try online tools available on Zoopla or Rightmove. You can also contact a local real estate agent for a comparative market analysis. Checking out the market prices of houses being sold on your street to find out the ceiling price of similar properties in your neighborhood.
If you are unlikely to move out in the foreseeable future, you should also focus on prioritizing home improvements that will benefit you more in the long run and that will make you fall in love with your home even more in the end. For instance, a kitchen renovation will make your wife happy. On the other hand, buying replacement windows in London will optimize your home’s energy efficiency and reduce your energy bills and save you money as a result.
To better understand home improvement, let’s breakdown each project and identify the budget requirement and how much value they can really add to your home’s market price.
Loft Conversion
Generally, houses with more number of bedrooms and usable living spaces command a higher selling price and easily attract potential homebuyers. Converting your loft, garage, or basement area into extra bedroom units guarantee a great return of investment in the future. You and your family can also take advantage of the additional room as a study, a play area, or guest bedroom.
A loft conversion is a major investment with equally major benefits. According to experts, while this project can cost roughly $19,000, a single loft conversion can boost your home’s value to an additional 15 to 30 percent, especially a loft bedroom fitted with an en suite bathroom. It is suggested to work with a professional architect who can draw the best plan for this type of structural alteration and base it on the shape and form of your house.
The basic types of loft conversion to choose from.
- Dormer loft conversion
- Mansard loft conversion
- Hip to gable loft conversion
- Roof light loft conversion
For safety reasons, all loft conversions should be fitted with windows as required by the building regulations. They also usher in plenty of natural light and make the room more breathable. Casement windows are one of the most popular types of replacement windows in London for loft conversions.
Kitchen Makeover
Here’s the deal about kitchen renovations. They cost a lot to pull off, probably about $10,000, but they can only increase your home’s value to estimatedly 4.6 to 6 percent. This doesn’t necessarily mean that you should scrap off plans to update your kitchen. As they say, the kitchen is the heart of every home and an ugly looking one can be a huge turn off for prospective homebuyers.
But given the figures above, it is definitely worth thinking it over whether your kitchen really needs a $30,000 overhaul or if minor but noteworthy upgrades can do the trick.
Here are some cost-effective ways to give your kitchen a new look.
- Update walls and old cabinets with a fresh lick of paint
- Replace broken fixtures, furniture, and appliances
- Enhance the ambiance and let an abundance of natural light in with stylish new kitchen windows. Choose a window design that would add more charm and character to your kitchen. There’s awning windows to deep sill windows to put pot of herbs in. Click here for more styles for replacement windows in London.
- Change the tiles on the flooring and splashback
Replacement Windows & Doors
Where does your house stand in terms of kerb appeal? Win over potential homebuyers by making sure your home looks beautiful inside and out. Check out these tips to help your house make a better first impression.
- Swap your old and rickety front door with a new one.
Get one in a bold statement color or a refreshing color palette that will complement the overall look of your home’s exterior. This might also take care of draughts coming from the gaps. - Go extra with fully double-glazed windows.
Homes with these types of replacement windows in London are an absolute steal. They minimize outdoor noise and maintain an optimum temperature inside the house. Frequently, smart home buyers will check the Energy Performance Certificate (EPC) rating before they decide to make an offer on a property. Investing in lovely, energy-efficient windows can give you a better score. - Spruce up the front lawn or front porch with lush greenery.
Create an inviting aura for your home by putting a few pots of colourful flowering plants and ferny, spiky, or frondy plants on focal points. This and a well-mowed lawn gives the idea that the home is well maintained and well loved by its current owners.
Order Replacement Windows in London
Clera Windows + Doors is one of Canada’s largest, oldest, most dependable, and reputable vinyl window manufacturers in Ontario. We take care of everything, from manufacturing, installation, and after-sales services. For more detailed information about our collection of stylish replacement windows in London, contact us today! A Clera representative will get back to you shortly.