One of the most common reasons why people improve their home is to increase their house value. When you’re about to spend lots of money for a home improvement, it’s worth checking whether the value of your house will increase or whether it might actually force your house value down.
Extensions always increase the value of your home, as they make it bigger, but you need to watch out for building too far out into your garden if you only have a small garden. If you get rid of too much garden, you home may lose value more than what you gain from the extra bedroom.
Well maintained, nice looking kitchens and bathrooms do add value to a home. An older room that is well looked after can often increase the value just as much as a newly installed one.
Furthermore, let’s have a look at swimming pools and ponds. While you might like them, not everyone does. If you took a big piece of the garden that could be used for almost anything and turned it into a pool, it could decrease the value of the home. Swimming pools are very expensive to maintain, and that can put off potential house buyers.
It’s not a smart idea to make improvements to your house, just to make money, as you will almost always fail. Instead focus on improvements that you really want, but try to avoid any that will really hit your house’s value.
ATC for another idea of housing
Would you like to support ATC for more sustainable consumption patterns? Take part of the 1 reservation = 1 tree planted program, book here and share:
Did you like this article? Register now and for free to be informed of new and up-to-date news articles.