Home improvement can turn a tidy profit.
Before you contract a local builder to fit a new, more luxurious bathroom
or bedroom in your home, consider the following question:- Does fitting a new bathroom or kitchen add value to your home? Or should you invest in less 'decorative'
improvements, such as installing central heating or adding a loft extension? A recent survey by Wicks suggests that when looking for a new home the most important room in a house is the kitchen. Surprisingly, this was followed by the living room! Perhaps a sign of how our social lives have changed after the 2010 market crash.
David Spittle, an award-winning property writer, gives some solid advice about the pitfalls and bonuses of spending money on your home with a view to making a profit...
This year we are likely to spend an amazing £40 billion on home improvements, ranging from simple maintenance
and repair jobs to major projects like building an extension.
Most improvements are done with an eye to increasing a property's value as well as making your home more
comfortable. Have you ever considered adding Solar Panels to your roof? This is one way for homeowners to both earn a small income from their
home improvement project and add value to the house at the same time. This income will be used to offset the costs of your solar panel installation
thanks to Government grants and other incentives which have been introduced in recent months. What a great way to do something which helps both you and the planet at the same time! When looking for green options why not investigate something called a green roof at the same time?
Strict consideration must be given to your surrounding neighbourhood though as you may not be granted permission in your area.
Usually, improvements that add space, like an extension or conservatory, also add value, but there are pitfalls and, in payback terms, some improvements may not be worth it (see