Renovating your home is a great way to add additional value whilst improving the space you live in. With a bit of thought and planning you can maximise your return by improving the key areas of your property which will add the most value with reasonable initial outlay.
Home improvements can suit all situations and budgets – you don’t have to take out loans, spend tens or hundreds of thousands and remodel your house. As the infographic shows, small spending on certain items can have a big impact, such as the the more recent smart home technology in everything from fridges to smoke alarms. For people who are able to secure a larger budget considerable value can be added to your house by adding an extension, not only will this give you more living space until you’re ready to sell, but also it’s highly likely the value of your house will increase by a much larger factor than the cost of the build – putting you in considerable profit.
This info graphic and article from HSBC will give you an idea on where to start.
