Smart Projects For Your Home | The Fool on the Hill

Now that we have entered a new financial year, it makes sense to think about where you invest your hard earned money. If you have had a pleasant surprise with an income tax refund then you may be in an indulgent mood, by investing in your home you can indulge in a manner which will reap financial rewards.

Currently, the housing market is not at its healthiest, meaning you are unlikely to receive your home?s maximum value. Therefore, instead of moving up the property ladder, you can invest your savings in making upgrades which will pay off when you decide to sell. Location is key, if your home is in a good position and surrounded by higher value properties, it?s time to make some changes.

Loft Conversion

A growing family could mean that you are on the lookout for a bigger home. You can, however, satisfy your need for room without the financial costs off moving now. Adding an extra bedroom will help accommodate your growing clan, and add a significant amount to the value of your home.

You could plan a ground floor extension, but this will take time, require permission , cause disruption throughout the whole house and may not be worth the investment.

A more cost effective way is a loft conversion. This requires just a simple survey to ensure the building is structurally sound, and may not even need permission. Costing around ?20,000, and taking a matter of weeks with minimal disruption, it will easily add this onto the value of your home.

Kitchen & Bathroom

It is unlikely that you spent most of your time in these two rooms, however, your estate agent will tell you that these are the two most important. Tired looking units give an impression of uncleanliness and will turn buyers away, by upgrading you can add value and make your home easier to sell.

If these rooms are looking very lived-in, a basic refit will do wonders for your home?s value. You can have this done for around ?15,000, which will return the investment with interest.

New ?Windows

Rising fuel bills mean that it makes more sense than ever to spend on energy efficiency. A new set of A-rated windows will brighten up your home and take a large bite out of your heating bill, saving you hundreds of pounds in the long term.

Buyers also love energy efficient homes so, like new kitchen and bathroom units, they will make your home far easier to sell while increasing its value. Depending on the size of your home, this will cost around ?2,000 and easily add this amount to your home?s value.

The best upgrade for you depends on your home and its location, every property has a ceiling price so getting the opinion of an estate agent will help you make the right decision.

Author Bio: Joe is a blogger for Force8 doors and windows who writes about property, home improvement, interior design and green living.

Source: http://dfoolonthehill.com/smart-projects-for-your-home/

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