THE BENEFITS OF RENOVATING YOUR HOME: HOW A FRESH LOOK CAN INCREASE YOUR PROPERTY VALUE
Nowadays, more and more people are choosing to renovate their homes. Why? As a matter of fact, there are multiple reasons a renovation could be advantageous to you and your unique situation.
For example, if you’re battling between the choices of moving house or staying put, a renovation could be a happy medium – it’s cheaper than moving and it’s a way of changing your home to fit your needs. That’s just one example and as we mentioned earlier, there are even more benefits that renovating your home can provide, so let’s run through them.
THE BENEFITS OF HOUSE RENOVATIONS
Renovating homes is almost like a one-size-fits-all solution for many different concerns. Here at Bespoke Norfolk Group, we love taking on these types of home improvement projects for many reasons.
GET EXACTLY WHAT YOU WANT FROM YOUR PROPERTY
We touched on this earlier, this statement that renovating your home could get you exactly what you want out of your property. Essentially, you can create your dream house with the exact number of rooms that suit you, achieve your dream layout, create more space and much more.
HOUSE RENOVATION COST IS CHEAPER THAN MOVING
When you compare the price of buying a new home in today’s current property market against the price of a house renovation, the difference is massive (we’re talking hundreds of thousands of pounds difference).
So if your house is no longer satisfying your needs, save cash, time and hassle by improving your current home with renovation, over purchasing a new home.
YOU GET TO STAY IN A HOME YOU LOVE
There’s a massive difference between a house and a home, and we often tend to fall in love with the place that we call home. That being said, sooner or later, you have to face facts and ask yourself if the home you love is working for you or if it’s time to move. Renovating your home instead could work better as it means you can stay in a home and area you love.
YOU MAY NOT NEED PLANNING PERMISSION
When the topic of home improvement comes up, talk of planning permission isn’t far behind. It’s something that those interested in undertaking a construction project fear.
Even though, when you work with a company like Bespoke Norfolk Group which can take care of planning permission for you, it is still a hurdle to overcome between you and your project’s finish line.
That being said, you may not need planning permission at all for your renovation. As long as you stick to and abide by certain guidelines, you could have your home renovated under permitted development rights.
Hear more about this in our previous blog: GET THROUGH PLANNING PERMISSION WITH BESPOKE NORFOLK GROUP.
HOW RENOVATING INCREASES PROPERTY VALUE
This is a big benefit of renovation for people planning to sell their homes further down the road. It’s a fact that high-quality house renovations increase the value of your property.
Remember that house valuation is based on a few factors, including location, size, functionality, condition, development potential, area, space, type of layout and much more. With a home renovation, you can check a large amount of these deciding factors against your property.
HOW TO FIND OUT THE VALUE OF YOUR HOME
If you plan to renovate your home as a way of increasing your house worth, then a good place to start is finding out what your home is currently worth, and there are a number of ways of doing this.
The easiest and quickest way of doing this is through a free online house valuation. You can do this with most property sites; we recommend Zoopla as a good resource for an instant house valuation online.
Once you know the current value of your home, you can do some research, talk to some industry experts and find out roughly how much value a renovation could add. Keep in mind that a free property valuation is not as accurate as property valuations from estate agents.
If you’re wondering if a property renovation would be beneficial to you and add value, then the answer is yes it absolutely can achieve both of those goals.
Even if you currently have no plans to sell your home in the future, it’s a great comfort to know that should your situation change and you need/want to sell, your previous renovation project will have paid off big time!
Bespoke Norfolk Group has been helping the local community with their individual renovation projects for years, and we’ve created some truly outstanding spaces. If you follow our Instagram, you’ll be able to see all the different projects we are currently working on, from simple bathroom home improvement jobs to full-scale new builds.
Got a renovation project in mind? Guarantee you’re adding value and achieving your goals by working with us. Speak to our team today via phone, email or fill in the contact form below.