Whether you’re buying a second home for the financial benefits or you’re buying your very first property, the process can be exciting. After all, you’ve got a lot invested (and not just financially). It can be easy to get carried away with superficial designs, but it’s also smart to focus on the areas of the home that can provide you with a higher value.
You don’t have to be a property investment expert to be able to add value to your home or make a little money on the property market. You just have to design smart, stick to the basics and focus on the small improvements can that bring you the biggest return.
A Kitchen Refresh
One of the first things you’re going to want to do is give the kitchen a complete refresh. Before you start, consider your options. You can either work with what you’ve got or rip everything out. You might find that the current kitchen has a lot of potential, and it’s surprising the difference a big of paint, new cupboard doors, and upgraded appliances can make. But, if you’re working with a loss loser, you’ll need to start from scratch and put in something modern.
Next, you’re going to want to work on space. Whether you’re looking to live in your home and make money on it over time or make an immediate return, you’re going to need to think about increasing the living space you have. Adding in a loft conversion, extension, conservatory, or even knocking through walls could be the answer. You’ll often make money on a property when you work with space; it just comes down to working out what will work best for you.
Updating The Bathroom
When you’ve got the new layout figured out, and the kitchen is finalised, you’re going to want to work on the bathroom next. Alongside a clean, modern and nice size kitchen, buyer or renters are always interested in a clean and bright bathroom. If you’re working with an old, dirty or tired looking suite, the best option will be to rip it out and add in something new.
An Outside Living Space
It’s common to get wrapped up in working on the inside of a property, when a lot of the time, there is a lot of value found on the outside. It’s especially true when it comes to the outside living space. Having a garden that serves a practical purpose can really add value to a property. So, think about adding in seating areas or somewhere that a family can relax and enjoy the space.
And while you’re outside, take a look at the property with fresh eyes. Does it need a new lick of paint? How are the windows and doors looking? Sometimes, a new coat of paint or render and a little touch up of the front door can work wonders. But, at others, you might find that the outside needs a lot of work, including a brand new set of windows and doors for the entire exterior.