When we tend to watch too much Property Brothers or other renovation related series, we will often be gutted to see how much of a change renovation can bring and how it can also increase a property’s value. But, before you start getting into renovation projects we would like to warn you to think again.
On TV they can turn a house into a wonder home within a matter of weeks. However, unfortunately in real life this doesn’t go this way. If you want to do any larger renovation projects then here is all you must consider:
However, if you start on time and get quality contractors who do a good job, it will pay off. So, if you still want to do some larger renovations here is the list of the most value-raising projects for you:
If you want to recreate your basement and turn it into a proper living area, in real you would need to start about a year before you start to sell. It will take money, it may run into all sorts of problems which would cause the whole project to stall and it can be challenging in many ways. But a good basement renovation can raise value up to 30% of the total value of the home.
Many family’s top priority is, to have some space to spend time at outside. If you have a backyard, it time for you to upgrade it. Make it lush, get an extra deck installed if you don’t have it it would raise the value of your home by up to 10%.
Constructors don’t like to do lofts because its risky and gives not that much space in return. Only get this done if you can guarantee a very easy access to and that it has enough space for a proper room at least.
Consider, whether you really have the time, the money and the energy to get involved in such large projects which will definitely bring a huge change into your whole life for a long period of time and will cost you a lot of money too.