Homeowners can get repair and improvement grants from the Housing Executive in certain circumstances. major renovations and additions — talk to friends who have renovated or phone some builders to get a range of costs per square metre. Luckily, you don’t have to spend your entire savings—and every weekend from here to eternity—to keep your house up to date. We found a slew of smart projects that are relatively simple, will cost you no more than $500, and will be catnip to future buyers—or just make your everyday life a bit brighter.
While nice to have and a great facility for many homeowners, a swimming pool adds no value to a resale price at all. In fact, some home buyers spend thousands of rands to fill in a pool after purchasing a property. Expensive upkeep and the fear of liability mean that for some, the responsibility of a swimming pool will detract from a property more than add to its value.
But as Deena Murphy and Timothy Sullivan recently learned, the reality” these shows are selling is a fantasy at best-and a nightmare at worst. In a new lawsuit reported by The Miami Herald , the couple allege that after Love It Or List It did an episode on their home, they were stuck with an irreparably damaged,” vermin-ridden house, and $85,000 worth of inept workmanship for which they ultimately had to pay the bill.
Regardless of the project that you are considering, remember that your primary residence is not just a house, it’s your home. If you plan to live there for many years to come, add amenities that you want to have regardless of their impact on resale. When it’s time to sell, do the basics to get the property up to par for the neighborhood and add some curb appeal, but don’t bother undertaking an extensive array of projects strictly in an effort to increase the purchase price of the property: These custom upgrades may appeal more to you than to potential buyers. It’s best to keep renovations small, neutral in looks and centered around improving the functionality of your home. And remember, even with the redos that are known to add value, the chances are good that you will spend far more money than you will get back in return.
If you find that your credit score is preventing you being accepted for the best home improvement loans, one option is to consider a secured, or homeowner, loan that uses your home as security. But falling behind with the repayments on a loan of this kind will put your home at risk. This is probably the most cost-effective way of adding extra space to your home.