Investing in your home
The main function of our house of course is to be home not an investment. But with one eye on making our homes as comfortable as possible, the other eye remains focussed on the fluctuating property market and how to get best price when we eventually do decide to move.
Investing in your home means it can become the most attractive in the road. It will get most attention from buyers when you decide to move. And will usually sell more quickly and for more money.
Taking on a renovation project is one of the best ways to create your dream home. Costs are typically lower than building from scratch and you have the opportunity to customize the design to your needs. It is not without its challenges. It’s taking time to prepare before you start your renovation is essential.
Location remains key to house values, but other factors such as the size of the property, including the number of bedrooms it offers, are also important to home. Even if you have no plans to sell anytime soon, consider the resale value of your project. You might not always turn a profit on your home-expansion investment, but you should go into the job with realistic expectations about at least some kind of payback.
There’s a logical order in which renovation works should be tackled. Stray from it and you may end up having to undo completed work to tackle basic repairs and improvements that should have been addressed at the beginning.
If you planning to renovate your place, please contact us. Our contracting professionals will work to bring your dreams to life.