4 Types Of Home Renovation

These 10 around-the-house improvements are well worth the investment. It’s important to tell your home insurer about any renovations to ensure the additional value of your property and contents are covered by your policy. As a rule, improvements that increase the functional space of a home hold their value longer than ones that just make a house look better. This option is also often significantly cheaper and less of a hassle than adding a completely new room to your home.

Kitchens. People like to see modern conveniences and styles in the kitchen. Especially in older homes, kitchen improvements tend to add value. Read the real estate ads sometime – you’re sure to notice how many mention the updated kitchen features. The Federal Housing Administration offers a home renovation loan called a 203(k). There’s typically a lower credit-score requirement for this loan than there is for a HomeStyle loan, and a lower minimum down payment of 3.5 percent.

One of the simplest ways to upgrade a family bathroom to make it feel more luxurious is to install a separate shower cubicle to the bath, but if you’re just looking to update slightly, then shiny new taps with an interesting design feature can help your house stand out to prospective buyers, for very little outlay. The premise of the program is to fix up a house on a budget of about $1,000 or less, with the goal of getting it ready to sell. Designers focus on drawing a potential buyer’s eyes to the things that are great about the house, and ask homeowners to roll up their sleeves and work with the crew.

Back-casting often highlights how the early inclusion of sustainable features that increase comfort, reduce bills and contribute to mortgage payments can create more flexible and affordable options later. It is also likely to highlight the importance of location. Being close to everything you need, including good public transport, helps to reduce living costs.

A personal loan offering the chance to borrow up to £15,000 over five years, for example, is a popular means of funding home improvements. The application procedure has also been made easy and effortless in nature. Simply fill in the enquiry form online , or drop by at any of our branches nationwide. Remember, DHFL Home Improvement Loans, have been designed to add value to your new or existing home.