ADDING VALUE TO YOUR PROPERTY

Real estate prices are highly competitive and vary depending on the facilities on offer. Adding value to your property is essential in maximizing the value of the property on the market. Increasing the value of a home can be done in very many ways so that the property fetches a handsome profit when sold.

Home renovation companies undertake this task keeping in mind the facilities, the limitations, and the cost.

Effective ways to add value to the property:

#1: House extensions and additions

Extensions can be constructed only if it complies with building regulations. Kitchens can be extended to include the work area outside. 

Interior walls separating the kitchen and living room can be knocked down to make the living area an open plan one. 

Adding a bathroom en suite or otherwise will prop up the property value. New bathrooms can be added by extending or remodeling the space. Bathrooms in the cellar and attic leave a favorable impression on potential buyers.

Renovating existing bathrooms would be cheaper. Replacing sanitary ware and other bathroom fittings would cost lesser than building a new bathroom.

#2: Conversion of space

Converting a house into flats can be done to maximize income and profits. Splitting a house into flats can turn lucrative in cities like London where flats are in high demand and can be rented out easily.

Conversion of a cellar or attic into a living or storage area increases the square footage of the usable area in the building. Similarly, garages, if not being used, can be converted to into living spaces. Lofts are normally converted to bedrooms.

#3: Building façade and garden

The first impression is always the best impression. The impression the building and its grounds leaves on a potential buyer is a decisive factor in his final decision making. This is very important and hence the exterior has to be kept in as good a condition as the interior. A fresh coat of paint, repairs to damaged windows and claddings are essential.

A well-manicured garden would add to the attractiveness of the property. In cases where there is not much space for gardens, potted plants can be arranged in focal points.

Important factors to be addressed before house renovation are as follows:

Building Structure:

Defects in the structure will reduce the value of the property. Leaks on the roof, damaged roof tiles, damaged flooring, cracked walls or damp walls have to be repaired before the start of any renovation work. The windows and doors have to be repaired or replaced as required. 

Electricity and plumbing:

Before enhancements are done inside the house the most basic components like electricity and plumbing are to be checked for proper functioning. The house should be properly wired both under the floors and into the walls. A few extra sockets will add to convenience and value. Similarly, plumbing work has to be checked for old and rusty pipe-work and leaky pipes.

The home remodeling companies in Fargo have the expertise to remodel and renovate existing spaces which are guaranteed to leave a great impression on the prospective buyers.