Renovating your home is a big decision when it comes to you and your family. When deciding on home renovation, it’s important to not only look at the cost of the work, but whether you’ll get a high return on your investment. Home improvements such as a garage conversion, open-plan kitchen and driveway are usually high on people’s wish lists as they can increase the value of your house.
Updating the interior of your home can increase the potential profit. For instance, sprucing up the living room by adding a fireplace, a fresh coat of paint or new wallpaper and replacing the floorboards can have a huge impact of the feel of your home. Landscaping your garden by putting in lights, water features and new plants will also add appeal. Decking is perfect for nights spent sitting in the garden with friends and family.
If you’re considering selling your home, replacing the roof before it’s damaged is attractive to potential buyers. Additionally, double-glazing windows and adding solar panels are sought-after features for eco-friendly houses. Typically, the most expensive renovations are adding a conservatory, creating an open-plan kitchen, garage conversion, double-glazing windows, and updating the exterior of a home. Consider adding a new front door and rendering the external walls of the house. The most expensive renovations can also add the highest value, meaning a high profit in the long run. For instance, updating exterior décor can add a possible value of £14,418 to your home.
Determining your budget is important, as well as planning ahead. If you’re curious about different home projects, calculate your home renovations with Sainsbury’s Bank. Simply enter the value of your home, your budget and the calculator will determine the potential costs and return on investment of different home improvements.