TOP TIPS FOR RENOVATING YOUR HOME
Renovating your home can be as big or small a project as you want it to be depending on what you are looking to achieve. So, where should you start?
Set a budget and expectations
Firstly, consider your budget and your motivation. Are you looking to increase capital value? Or are you trying to improve the attractiveness of your property for prospective buyers or tenants? Perhaps your home simply needs a refresh. Keep this ultimate aim in mind because once you start it’s very easy to get carried away. Set your budget early and try to stick to it.
Create more space
One of the easiest ways to add value when renovating your property is to add space. But that can be tough in London where space is at a premium. An extension might not be possible but you may be able to convert a loft or cellar into a bedroom, home office or other functional room. Make sure you get expert advice, however.
Invest in the garden or outdoor space
Outdoor space is also prime in Greater London so investing time and cash here will reap dividends, especially if you can provide a green escape. Again consider your market – family buyers or tenants will most likely want a garden in which the kids can play, while a busy professional couple might want a lower maintenance courtyard space where they can throw a BBQ or two.
If you are lucky to have a big enough garden but are also wanting to create more space in your property you could consider a garden room as an alternative to a traditional extension.
Revamp kitchens and bathrooms
Kitchens and bathrooms are two of a property’s biggest selling points. However, if you are going to the expense of renovating them you must be sure that you are delivering what prospective tenants or buyers might want. A wet room won’t necessarily suit a family who might want the option of a bath for younger children, while a bath might prove inaccessible for older buyers or tenants, for example.
In the kitchen consider knocking walls through to create an open-plan dining space or to lead out to the garden if the flow works.
Improve energy efficiency
Energy efficiency is a big draw for tenants and buyers alike, improving environmental impact and reducing energy costs. With the government raising minimum energy efficiency standards by 2030 it’s also a high priority. Easy options could be upgrading or installing insulation throughout the property – from the walls to the loft. Replacing boilers and appliances with new, energy-efficient versions will also reduce energy usage. Meanwhile, double glazing will keep heat in and cold out.
Consider smaller changes
Renovations don’t have to be costly or test your DIY skills or budget to the max. Refreshing paintwork inside and out or replacing cupboard doors on a tired kitchen could help bring a new lease of life to your home without major disruption or expense. Similarly, new flooring or reupholstering battered furniture could also help to add extra wow to your home.
Proctors is an independent network of individual estate agent businesses with branches in Beckenham, Bromley, Park Langley, Petts Wood, Shirley and West Wickham. We’ve been buying, selling and letting in these areas since 1946. Get in touch to find out how we can help you with your property requirements.