From DIY home improvement projects to kitchen remodeling, discover helpful tips, ideas and how-tos for your next remodeling project. Adding attic insulation remains at the top of the list on a national average with a 107 percent cost recoup. It’s the only project that recoups the cost and adds to the resale value. The cost of installing loose fill fiberglass insulation has risen by 5.9 in the past year. Insulating an attic will also save money on energy costs. Replacing old windows – especially with double glazed units – should more than pay for itself – providing the replacements are of good quality and in keeping with the house. If you are changing windows in a period property keep in the same style and don’t use modern uPVC in any house that would originally have wooden windows. It’s a price killer.
Home improvements are a big expense, so you want to make sure you’re getting a decent return on investment (ROI) out of them. The first thing you should always invest in is home maintenance. A newly finished bathroom or kitchen isn’t going to help sell your house if your roof leaks. Make sure you keep priorities. From a single room improvement, kitchens & baths, condos and whole house renovations, to new custom homes; our diverse in-house group of professionals allows us to put together the right team – specific to your project.
Think about it this way, if you upgrade your house to a two-floor house when the rest of your neighborhood is a bungalow, yes, you’ll have the upper hand. However, you’ll want to sell it more, right? Of course! But, you can’t be selling a house for $270,000 when the rest of the neighborhood house only cost an average of $150,000. When you make home improvements to increase the value of your house for the future, make sure that you know the neighborhood it sits in. Therefore, utilizing the space your home has will be the way to go.
If you already had a perfectly useable kitchen, then installing a swanky new kitchen may not add much more value than it costs, so you may want to hold back on ordering marble work tops and expensive taps. The average home improvement would add a healthy 10 per cent to the value of a home, research from peer-to-peer platform Zopa claims, while those who build conservatories come out top on their return on investment of potentially 108 per cent.
Your home’s property is another opportunity to expand its living space. Adding a deck or patio, with room for seating and a built-in or freestanding grill, is a way to create a defined space for outdoor living on a large or small scale. Home improvements can be a great way to make a property a better place for you and your family to live, while increasing its value at the same time.