When we buy our first home we are filled with excitement and ideas of how we can decorate and put our own stamp on the place so it can be very easy to let our enthusiasm overtake common sense. More often than not we will move on and need a bigger house as we start our family, change location through work or move to be closer to family as they get older. Considering how much you are adding to the value of your home as you make improvements ensures you get the best value when you come to sell.
Your property is a long-term investment and one day, you want to release the equity in it. We can be drawn into thinking that every improvement and renovation we make to our property will add value, increasing the profit we will eventually make on our home. But, are you making the right changes? Are you doing too much and out-pricing your property from the local market?
Making the Right Renovation Choices
Trends come and go but it is important that you add the right value in the right places when it comes to property renovation, as the infographic explains further.
The one statistic that is on every buyers mind is the Energy Performance Certificate (EPC) rating for the property. If it is near the top of the scale – from A to D – the property should be cheap to heat as it is well-insulated.
Anything lower than a D rating can make for an expensive house to heat. If your EPC rating is low, consider adding value by updating not only the insulation of the property but the type of heating system too.
Underfloor heating costs less to install and run that most traditional heating systems. Coupled with additional insulation measures, your home will be tasty warm and an attractive purchase for potential buyers.