Property renovation can take a number of forms, all of which carrying the potential to seriously increase the value of your home. Home renovations can be expensive, but oftentimes they prove to be a very worthwhile investment when you do come to selling-on your home. Whether you are selling a property in London or elsewhere, the magnitude of the job varies depending on the type of renovation you undertake. Read on for our guide on the different types of property renovation.
Renovation and Remodelling
Renovation and remodelling are crucially different things. Renovation, generally speaking, refers to making improvements on the quality of the home, be it regarding the interior or the exterior. Remodelling, conversely, does not relate directly to making repairs and quality improvements to your home. To remodel a home is to change the appearance or the aesthetics of that structure or room. There is some cross-over between renovation and remodelling, but the former is to be thought of as a type of repair or improvement and the second a change.
Types of home renovation include:
- Loft conversions
- Kitchen remodels
- Bathroom remodels
- General decoration
- En-suite additions
- Bedroom re-designs
- Garden re-designs
- Historic structure preservation
What Types of Home Renovation Add Value?
Most home renovation projects that are executed well will add value to your home, however some areas will prove to be more lucrative than others. Nowadays, people are particularly concerned with having spacious and presentable homes. Remodeling communal areas such as the kitchen, living room and bathroom are surefire ways to increase the value and appeal of a property. It is important that any remodeling is done stylishly; neutral tones have a more widespread appeal, for example.
What is curb appeal?
Curb appeal refers to how appealing a property looks from street view; or when viewed from the ‘curb’. There are many things you can do to improve the exterior appearance of your home, from simple painting and redecorating to larger-scale remodelling such as adding new windows or home extensions.
Even in an increasingly digital climate, curb appeal still goes a long way for increasing buyer-traffic on a home. Things like a well-groomed lawn and a polished front door may instantly attract the attention of a potential customer.
Landscaping is when you make a piece of land (perhaps a garden, terrace or front drive) more attractive. Landscaping is an important aspect of home renovation, as it serves to improve the overall surroundings in which the property exists.
Introducing new plants to gardens and fresh gravel to driveways are both popular and low-cost methods of landscaping. Larger jobs may include building terraces or verandas; patio-constructing, and wall-building.
Carpentry projects are a means by which to improve the interior design of your home, usually with relatively little inconvenience due to the smaller-scale of the job when compared to large-scale remodeling. A carpenter will undertake changes including:
- Wardrobe fitting
- Bespoke furniture construction
- Door construction
- New flooring
- Kitchen and bathroom fitting
- Decking construction
- Shelving construction
Building work comprises the larger renovation jobs that are correspondingly likely to add the most value to a property. A popular (and typically pricey) type of home building work is the home extension. Extending allows you to create added space on a property, as well as modernise the look of your home. They are typically used to create office-space, conservatories, or even second living-areas. Further building work may include:
- Roof re-structuring
- Wall knock-throughs
- Wall construction
- Basement conversion
- Loft conversion
- Garage construction
How Can I Pay for Home Renovation?
We don’t all have funding readily-available for instant home renovation. Many save-up for a long time in order to make home renovations, but when an emergency-fix is needed, this is not always a viable option. Taking out a Home Improvement Loan enables you to make vital renovations that have the potentiality to increase the value of your home, and vastly improve your living standards.
Contact us for more information on Home Improvement Loans and how they can help you.
Your home may be repossessed if you fail to keep up with your repayments.