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Best & Worst Renovations to Add Value to Your Property

Are you considering renovating your home to increase its value? Renovations vary in quality, so it's a smart move to choose wisely. Some renovations can add significant value to your property, while others may not have as much of an impact.

In this article, we will discuss which renovations can increase or decrease the value of your property. This will help you make better decisions for your home.


bathroom display

Why You Should Renovate?


Renovating your home is a great way to increase its value and make it more appealing to potential buyers. It can also improve your quality of life and make your home more functional and enjoyable for you and your family.


The Importance of Location

Before diving into renovations, it’s important to consider your location. Where your property is located affects its value. Research the market in your area and know what buyers want to understand how much your property is worth.

If you live in Essex, consider popular renovations like adding a bedroom or updating the kitchen.


Best Renovations to Add Value


Bathroom Refit

A bathroom renovation is one of the best ways to add value to your property. A nice bathroom is important for buyers and can raise your home's value.

When renovating your bathroom, focus on creating a clean, modern space with high-quality fixtures and finishes. Consider adding a double vanity, a walk-in shower, and a freestanding bathtub for a luxurious touch.


Cost of a New Bathroom and Its Value Addition to Your Home

Upgrading your bathroom is a significant investment that can have a substantial impact on the value of your property. Bathroom renovation costs can vary based on project scope and materials. It's important to think about the potential return on investment.


The cost of a new bathroom typically includes expenses such as labor, materials, fixtures, and design elements. For a standard bathroom renovation in the UK, you can expect to pay between £8,000 and £12,000 for mid-range options. For high-end renovations, the average cost of a new bathroom can range from £25,000 to £40,000 or even more.

Despite the initial expenses, a well-designed and functional bathroom can add considerable value to your home. Buyers like modern bathrooms, which make a property more attractive. A newly renovated bathroom can attract more buyers, potentially leading to a quicker sale and a higher selling price.


modern bathroom vanity

When remodeling a bathroom, aim for a sleek, modern look with top-notch bathroom fixtures and finishes for a great result. Add a double sink vanity unit, a heated towel rail, and a fancy design to make the bathroom look better and work well. The price for a new bathroom suite varies depending on the size of your bathroom.


Larger shower trays can add a sense of luxury to your existing bathroom, and changing from an electric shower is a quick and easy upgrade. What shower head you choose can also play a key role in the overall feel of your new bathroom. Power showers are the top choice for many homeowners installing a new bathroom as these provide better pressure for a nicer experience.


Investing in a new bathroom can improve your quality of living. It can also increase the desirability and value of your property for you and your family. A bathroom renovation in the UK can increase your home's value and attract more buyers. It can make your home more appealing in the real estate market.


Kitchen Renovation

People often refer to the kitchen as the heart of the home, and for a good reason. A modern, well-designed kitchen can add significant value to your property.


When renovating your kitchen, focus on creating a functional space with plenty of storage and high-quality appliances. Consider adding an island for extra counter space and a breakfast bar for casual dining.


Loft Conversion

A loft conversion is a great way to add extra living space to your property without extending the footprint of your home. It’s a popular renovation in areas where space is limited, such as London and other major cities.


A loft conversion can add an extra room to your home. This can make your home more attractive to potential buyers.


Adding an extra room can increase the value of your home. It can also make your home more appealing to a wider range of people. It can also increase the value of your home by up to 20%.


Adding an Extra Bedroom

Adding an extra bedroom to your property is another great way to increase its value. It's great for small properties, making your home more attractive to families.


If you have a loft space, you can convert it into a bedroom, or you can extend your property to add an extra bedroom. Check if adding a bedroom will raise your property's value by researching the local market.


Worst Renovations to Add Value


Swimming Pool

While a swimming pool may seem like a luxurious addition to your property, it’s not always a wise investment. Installing it is costly, and it needs regular upkeep. It can also be dangerous for families with little kids.


Also, not all buyers want a pool, so it might not increase your property's value by much. Before installing a pool, research the market in your area and think about the potential return on investment.


swimming pool

Garage Conversion

Converting your garage into a living space might seem like a good idea, but it could decrease your property's worth. Buyers like garages, so turning one into a living space can make your property less appealing.


If you need extra living space, consider a loft conversion or extending your property instead of converting your garage.


Over-the-Top Renovations

It's good to update your home, but too many renovations can lower its value. For example, not all buyers may be interested in a fancy home theater or wine cellar. These additions may not significantly increase the value of your property.


When renovating, focus on creating a functional, modern space that will appeal to a wide range of buyers.


Other Factors to Consider


Quality of Work

When fixing up your home, make sure to hire trustworthy contractors and make sure they do the work well. Poor quality work can decrease the value of your property and may even lead to costly repairs in the future.


Be sure to research contractors and read reviews before hiring them. Also a good idea to get multiple quotes and compare prices to ensure you’re getting a fair deal.


building permit

Permits and Regulations

Before starting any renovations, be sure to research the necessary permits and regulations in your area. Failing to obtain the proper permits can result in fines and may even require you to undo the renovations.


Make sure your renovations follow building codes and regulations to keep your home safe and high-quality.


Conclusion

Renovating your home can be a great way to increase its value and make it more appealing to potential buyers. Not all renovations are the same. Research the market in your area and think about the potential return on investment before making changes.


Focus on making modern, practical spaces that will attract many buyers. Hire trustworthy contractors, get the required permits and follow regulations. With the right type of renovation, you can significantly increase the value of your property.


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