Property Renovation can significantly improve the value of your Property
Tarleys Trust 0comments 22.01.2016
For homeowners wanting to increase the value of their property, property renovation offers one of the most effective and simple ways to boost property values – something that in today’s tough property market goes a very long way indeed. How does renovation help exactly however, and is it worth the cost of endless building, fixing and remodelling? Here are three of the biggest reasons to consider the benefits of renovating your property:
- Renovated properties sell at a much larger profit than those that have not undergone some sort of revamp. Homes with features such as en-suite bathrooms, modernised kitchens, electric garages and beautifully finished floors are far more in demand than those without, especially in the case of apartments and older buildings.
- Renovated properties can also be rented at a much higher rate than un-renovated ones, making this an excellent benefit in terms of property management and investment through letting.
- Structural changes such as new floors, new rooms or decks, elevators or other value added changes can significantly increase the property value as well as add to the building’s appeal.
- New flooring such as laminate wood, tiling, strip wood or other good quality flooring.
- Walk-in closets in the master bedroom, as well as en-suite bathroom.
- Renovated bathroom with updated basin, taps, shower, bath and toilet.
- Renovated kitchen with extended counter space, island, marble or stone counter tops and updated shelving and storage space.
- Value-added items such as Jet Master fireplace, light dimmers, updated light fixtures in all rooms, electric fencing and under floor heating.
- Outdoor areas such as entertainment areas, braai areas, wooden decks or sunrooms.
- Spa bathrooms with Jacuzzi bath, large shower and relaxation area.
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