Designer Felix Guyon shares a penthouse in a 25-storey building on Nuns’ Island in Montreal, with a stunning view of the Saint Lawrence River. A house truly becomes your own not when you sign the deed, but after you customize it to your unique lifestyle. Our home improvement tips help you rock those upcoming remodeling and yard projects. Check out examples of real-life successes (and flops!), plus clever hacks and ideas from the experts. It’s all about increasing your home’s value, functionality, and happiness quotient.
Goslett explains that factors such as the direction of the general housing market, the value of homes in the neighbourhood, the nature of the renovation project and how soon the home is sold after the improvement project is completed will have a bearing on how much of the renovation cost is recouped. A 2016 study by Zoopla predicted that a kitchen refit could add up to 5% on to your house sale price.
Even though the current homeowner may greatly appreciate the improvement, a buyer could be unimpressed and unwilling to factor the upgrade into the purchase price. Homeowners, therefore, need to be careful with how they choose to spend their money if they are expecting the investment to pay off. Here are six things you think add value to your home, but really don’t.
Join the Thatched Owners Group for a one-off payment of £95 (01406 330007; ) for advice on insurance, grants and other money-saving ideas. The research found that the average home improvement would increase the value of a home by 9% or nearly £24,000 (£23,837) – based on homeowner’s estimates. The average return on investment was 50%, based on the total amount spent by homeowners. The average profit across all improvement projects was £8,000.
So far in 2017, Zopa customers have borrowed £92m to improve their homes, a 35% increase compared to the same time last year. Zopa has helped over 70,000 people to create their dream home. In principle, if you have a tired old bathroom it makes sense to upgrade it – underfloor heating, power showers etc. But potential buyers can be swayed either way by the look of a bathroom – so it can detract as well as add to the value. If in doubt when choosing a new bathroom, opt for white.