Buying a home is one of the best investments you can make. A home or a property will provide you assured ROI and remodelling certain areas in your house is a good idea for homeowners to add increased functionality and beauty. If you choose the right home renovation project to enhance your living space, it will also increase your property value.
Benefits of renovation or remodeling:
- Upgrading your kitchen and bathrooms almost instantly increase the value of your flat.
- You can avail home equity loans to finance your renovation because it allows for interest-only payments.
Before you consider renovating your flat, you have to be careful of the project you choose to complete. Choose a project that increases the market value of your investment.
Following are a few ideas of how you can renovate your own home to add value to it:
- Kitchen Renovation:
Renovations should always be done in the busy areas of the house. And no doubt, kitchen is the busiest place in the house. Kitchen is the heart of the home where families and friends gather and spend quality time. So while renovating your kitchen, make sure that you use quality materials and professional workmanship which is consistent with the rest of the home and other homes in your neighbourhood. Try keeping your kitchen modern and contemporary. Hiring a professional decorator or designer may come in handy to ensure you choose a look that will in turn ensure your kitchen maintains its value for many years to come.
- Bathroom Renovation:
Bathrooms come in a close second to kitchens when it comes to renovations. You can start renovating your bathroom by making the bathroom space a bit bigger by moving walls. Also you can add an additional bathroom to your home and getting it done properly for it to pay off. You must plan and use quality materials and workmanship on a bathroom renovation. There are different styles, shapes and sizes of vanities, showers and tubs available in the market that can get a glam look for your bathroom without having to move existing walls or plumbing.
- Flooring:
Flooring is the hardest wearing element in any home.Well maintained floors provide a refreshed and youthful look to your home. So, it is very important that you invest in quality and durable products for your floors and at the same time take care of the quality of installation. Expensive hardwood floors can look terrible if they are lifting or there are gaps between planks. While inexpensive laminate can look great when laid properly.
- Doors and Hardware:
Investing in new interior doors, replacing the front door and adding a quality lock-set; and adding baseboard, door trim, crown mouldings and wainscoting are all examples of relatively inexpensive and non-invasive improvements that can immediately punch up the appeal of a home. But it also depends on the quality of the finish though. Hire someone who has proper understanding or ask for referrals from friends with whom you share similar interests.
- Interior paint and decor:
A little remodelling of the interior paints and decoration can increase the value of your property to a great extent. The remodelling may include re-painting of interior walls, updating the lighting fixtures and putting up new flooring, etc. Plan on applying neutral colours for it will have a wider-ranging appeal to the majority of customers. Replacing the lighting and plumbing can modernize the look and feel of your old home. Use fluorescent light bulbs or LED bulbs of various patterns. This will use less energy. You can also upgrade by adding a few ceiling fans. It can help with air circulation that will maximize the efforts of your air conditioning unit.
So you can go for the above renovating options if you want to have a higher return on your investment. Investing in your property is a wise idea as it provides better rental returns and after a home renovation your property value also increases.
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Currently, we have two under construction properties in Guwahati under our wing; one in Bhetapara and the other in Noonmati. These 2 BHK, 3 BHK and 4 BHK apartment complexes are driven by innovation and smart engineering to give you a home with all modern facilities and amenities.
