Yes, we're talking renovation. Anything from slapping on some new tiles in the bathroom, to a second-floor extension.
Of course, there are good renovations, there are bad renovations and there is just plain over-capitalisation (putting way too much cash into the wrong kind of 'improvements' on a property that just won't net you any return). But how do you tell the difference?
While it's true that potential buyers judge the quality of a house by the kitchen and bathroom, it doesn't necessarily mean you will renovate those rooms and see a return. Plenty of buyers will pay the same amount of money for a house with no renovations to the kitchen and bathroom with the idea of renovating to their own tastes.
Top five tips for improving your home:
i. Let there be light: Whether you exchange windows for French doors or add skylights, light is vital in a welcoming home
ii. Keep it simple: There's no need to utilise every trend and tricky finish available
iii. Call in the experts: Paint colours can be difficult to get right. Interior designer are available to help and can give your home the kind of fresh, new look that may have you falling in love with it all over again.
iv. Do it right: Don't assume that a cheap job won't show. Go for quality fixtures and fittings in bathrooms and kitchens. If your budget won't stretch, then stick to the mid-range never choose the cheapest taps, benches or handles.
v. Plan twice, renovate once: Jumping in to a renovation is a mistake. People spend money replacing things they abhor (like the daggy old kitchen) rather than rooms that will really improve the value of the house. Failing to plan and work out what you really want also means you tend to overspend.
