If you've managed to save a ton of money, one of the closest places to invest is your home. You don't just protect yourself from inflation. You can also take advantage of the benefits of your home while adding value. But what are the most effective changes you could make?
Let's evaluate some of the most popular options.
Modernize your kitchen
The kitchen is one of the most important rooms in your home in terms of value. This is where you spend a lot of time and this is where you will find all your high quality appliances such as ovens and refrigerators. Kitchen remodeling can add a significant wow factor to a sale, especially if you're working from a low base. Kitchens are responsible for more than their fair share of domestic accidents. So make sure your new kitchen is designed to be safe, especially if you have young children and pets in the house.
Get a new bathroom
A bathroom renovation, much like a kitchen renovation, can make a significant difference in the experience of living in a property, as well as its potential resale value. In addition to revamping an existing bathroom, you can also add a completely new one. A downstairs toilet is a feature many buyers are looking for, and it doesn't take up a lot of space adding one to an extension. You could even create a wet room so you can walk straight into a clean room from the garage!
Convert your attic or basement space
If you have extra space available in your loft or basement, remodeling can bring significant benefits. Following the change in labor practices as a result of the Covid-19 pandemic, many buyers are looking for apartments with ready-to-use offices. This basement or attic could seem ripe for remodeling.
Look at the insulation or the draft
In the long run, even small inefficiencies can cost you a lot. This gap at the edge of your front door can let warm air leak out all winter and put strain on your boiler. These old windows may not provide the effective thermal barrier they once had. Investing in insulation and other improvements could therefore bring significant long-term benefits.
Beautify your garden and your house
The exterior of your home is where much of the so-called "curb appeal" will arise. Make sure the front door and front yard, in particular, are in good condition – the ones that will make the biggest impression on potential buyers.
