Money makes the world go round, it’s an unfortunate saying but also quite an accurate one. We live in a world where money is power and we rely on it just to live a normal everyday life.
There are lots of ways in which you can gain money, most would think to sell and gain more money but you can also gain from spending. How so? Spending money on an investment can pay off in the long term, such as renovating your home. You can increase the value of your home so that in years to come your home is worth more than its original buying price.
You don’t have to spend a small fortune to increase the value of your property, you can start low with small renovations like replacing old warn carpets and painting stained and patchy walls. This alone can increase your house price by a few thousand pounds. You can then move onto slightly more costly renovations such as a conservatory, double glazed windows, cleaning the garden and updating your kitchen. Updating your kitchen alone can see you increasing the price of your home by on average 5%.
This graphic by Fit My Bedroom shows us the various ways in which you can update and renovate your home to increase the value of your home. It also gives some rough prices and potential profit to be made from each renovation project. It has some great statistics showing you just how much you could be making from the sale of a renovated home and also talks about the properties kerb appeal. Did you know that kerb appeal can account for up to 5% of the home’s value? Read on to find out more…
Created by Fit My Bedroom
