>> Jan 19, 2016
The property market is very fluctuating in nature and there are very less number of people who can clearly tell the next turn that market will take. So, if you want to make some money, then doing renovation is the best idea, which could make you earn good returns on your investments. Moreover, such renovations also attract the potential buyers.
There are a number of things, whose renovation adds extra numbers in the final amount, like kitchen, bathroom or even home extension. Today, many of the firms, which are in this business, are quite successful. Also, there are many websites like GGR remodel, which are designed only for this specific purpose.
Things which add value to the property
· Extension of your home
Extension can be done in any of the way, by increasing the size of your balcony or by adding a brand new bedroom. Well, adding a new space is the best option, since this space can be used in many ways, depending upon the buyer. Some want to convert it into a pub or an office. However, opening a pub requires certain permission. Also, you have to take permission for the house extension from the local authorities.
· Loft conversion
A loft conversion is the process of converting an empty space into some useful use. This type of renovation is very much popular and also doesn't require any permission from the local authorities for this type of home improvement.
· Kitchen renovation
It alone can add to the value of your house. Renovation of the kitchen is not much difficult, since it only requires some modular cabinets, wooden flooring, under cabinet light, chrome fittings, etc. So, these features will give an attractive look to buyers.
· Energy efficiency
Being efficient is much important, because it helps to save the planet. Also, going green can reduce much of the pollution, and it also reduces your electricity bills. You could install solar panels in order to be energy efficient. Moreover, the government also provides benefits to those who have shown interest towards being efficient.
· Renovating your home from outside
Generally, people make an opinion about something by looking it from outside. So, if you want to attract a number of buyers, then it is advisable to spend much money on the outside area of the house like a garden and the structure.
· Making a garage
Free space can also be used as a purpose of garage, because this will help to protect your car and guest vehicles. Moreover, not much material is required for making a freestanding garage. You just need a roof and side wall material with a new gate.
Any changes taken place in your house should be clearly notified to the insurer. Although this will result in the increase in insurance prices, this is a much safer way than hiding it from the insurer, because during the time of loss, you will not get the claim, and your policy will become void due to the non-disclosure of information.
Therefore, all such ways of building extensions can definitely increase your property value.