Understanding the costs of home renovation: Where to put your money

Whether you’ve just moved into a brand new home, or you’ve been thinking about doing-up your current residence for a while, home renovation is a costly venture. You may be looking to completely refurbish your entire property, or you might be just wanting to overhaul one room at a time. If you are weighing up your cost options with regards to a home improvement project, here are a few aspects you should consider.

The right tradespeople

When it comes to deciding where to put your money, it’s important that you part your cash with the right tradespeople. In order to do this, you should make a list of every project you want completing on your property, and do some browsing to figure out who has the most reasonable quote. Getting multiple quotes on, for example, home extension costs will help you to figure out who is offering the best price, for the best quality work.

Sorting what you want doing to your home through a clear breakdown will help you get your budget organised well in advance. It will also help you stick to a carefully controlled list of what you do and don’t need.

Appliances

As well as the groundwork and decoration, don’t forget to factor in appliances you might need. Do you want to completely re-fit a kitchen and keep all of your old appliances? Sometimes, a new home renovation requires an update on all fronts. It may increase your budget requirements, but it is well worth the investment in the long-term.

Your Garden

If you think about it, your garden is the first thing people will see when they pull up to your house. Improving your garden will improve your property’s kerb appeal, and even it’s value if you’re considering selling it later. It’s also a nice way to add a personal sanctuary to your home; somewhere to spend time in the summer, and a nice place to look out on throughout the year.

New kitchen and bathroom

The two rooms that are often deemed as needing major refurbs if they appear dated or in poor condition are the kitchen and bathroom. Any room that relates to hygiene in some form should be nicely presented with modern plumbing and appliances. Investing money into these rooms will not only add value to your home but also potentially increase the likelihood of a potential buyer being likely to part with their cash.

Storage

When you’re drawing out the plans for your refurbishment, remember to be clever about the storage options you put in. Installing a glittering new kitchen that is useless in terms of where to actually put pots and pans or cutlery is a poor use of your finances. Plenty of storage creates plenty of clean and open spaces; perfect for increasing the appeal of your home.

When it comes to knowing where to put your money, it’s a matter of estimating the cost of the work, comparing prices and being savvy about your investments. What will prospective home-buyers be looking for in a property? How can you add this to your home? By applying both of these approaches, you will be able to ensure you make wise investments in your home.