Renovations can significantly increase the value of a property, but it’s important to know what to do to maximize your investment. Here are some renovations that have proven their positive impact on the value of a property in 2023.
1.Kitchen Upgrade: Cooking is often considered the heart of the home and an upgrade can add significant value. Granite or marble countertops, custom cabinets, high-end appliances and lighting can make all the difference.
2.Bathroom Upgrade: Renovating a bathroom can also be very cost-effective. Modern counters, high-quality tiles, high-end taps and adequate ventilation can all add value to a property.
3.Energy retrofit: Homeowners who invest in energy retrofits can save money on their electricity bills and add value to their property. Double-glazed windows, solar panels, smart thermostats and ventilation systems can all contribute to a greener, more energy-efficient home.
4.Adding an extension: Adding an extension can add value to a property by providing more living space. An extension can include a games room, a workspace, an entertainment room or even an extra bedroom.
5.Interior and exterior painting: A new coat of paint can give a property a new look and add value. The interior paint can highlight the house’s features while the exterior paint can enhance the overall appearance and protection from the elements.
In conclusion, homeowners who want to increase the value of their property can consider these renovations to maximize their investment. It is always important to research and consult a real estate expert before embarking on major renovation projects.
