Renovating for Resale Value

Renovations of a real estate property is a viable way to increase the value of your residential or commercial property. Through adding strategic embellishment to your home, you can prepare your home more attractive to potential buyers and command a higher price. Nexthome.pk brings ideas and effectiveness of planning a renovation process. Though, it’s important to keep your budget in mind. Some renovations, like adding a new kitchen or washroom, it might be expensive but some cheap hacks can burgeon the renovating for resale value.

How Renovation Increases Real Estate Value

Having property market experience, we share many low-cost renovations that can make a big difference. Simply plastering the chipped walls, painting, decluttering, and making minor repairs, you can make a huge profit. Let’s learn some How’s that impact the property worth.

Flourish Curb Exposure

The first thing potential buyers see is the outside of your home, so it’s important to make a good first impression. A fresh coat of paint, new landscaping, and a new front door can all make your home look more appealing and increase its value.

Update the Kitchen and Washrooms

The kitchen and washrooms are two of the most significant parts of a house. So, homebuyers or commercial space investors are willing to pay a premium for homes or office with updated features. A new kitchenette or washrooms can add thousands of rupees to the value of your property.

Add Square Space

If you have the space, adding square footage to your home is a great way to increase its value. This could involve adding a new room, finishing your basement, or converting your attic into a living space.

Make Energy-efficient Changes

Buyers are increasingly looking for energy-efficient homes, so making upgrades. Homeowners often add energy-efficient upgrades such as installing new windows, insulation, and a high-efficiency cooling system. It can turn your home more attractive and increase its value.

Practical Renovation Tips

Before you hit the ground for the renovations, we suggest you hire a real estate agent. You can consult with an interior designer to get your input on what projects will add the most decor to your home.

Following are some practical work tips for increasing the value of your property with renovations

Focus on Functionality

While working on renovations, you need to think about how your home attracts more functional and livable for buyers. The strategy could be adding more storage space, improving the flow of passage. For this you can add more features like a home space management or outhouse.

Use High-quality Building Materials

When choosing materials for your renovation, it’s important to use high-quality products that will last. This will help to curb that your renovations add value to your home in the long run.

Get Professional Consultancy

If you’re not comfortable doing renovations yourself, it’s important to hire a qualified contractor. This will help to ensure that your renovations are done correctly and to a high standard.