Renovate Your Home: Increase Its Market Value

By Tommy Miller

Makeovers are a great way to increase the capital value of your property. Any amount of time spent in renovation doesn't go waste, as affluent buyers always scramble for a house that looks new and well-furnished.

A simple example of increasing the building capital value as well as salability and rent ability is adding a garage or car port. If the property has the space to add a car shelter and it does not have one, future buyers or tenants will see the added value. When you rent a property you can often recover the cost of the work from a tenant within two years. After that the extra rent you charge will be pure profit. On top of the rent amount if you are making additional changes to the property at the same time, your bank will take the upgrades into consideration when you get the property revalued.

Property renovation is a complicated affair that includes everything from painting the outside walls of the house to mending the electrical cables, and also altering the decor of the rooms. An intelligent home renovation aims at enhancement of usefulness and comfort for the dwellers. A 50% increase in property value is not unheard of through an elaborate makeover.

The look of the property is very important and thus you should lay special emphasis on getting it right. If the refurbished interiors wear a latest look, then buyers who are usually conscious of the newest trends in interior design would be more inclined towards making a purchase.

It is advisable to hire an experienced interior design expert for restoration of your property. If partial renovation is what you are targeting, then the interior designer can recommend which areas of your house can be cleverly redesigned to attract prospective buyers.

For instance, an interior design specialist can suggest to you some architectural improvements that can be both cost-effective and a feast for the buyer's eyes. With smart designs for floors and well chosen colours for walls, one can create the feeling of space and light in the interiors. An interior designer is also required for suggestions on structural aspects of the house and can tell you if any parts need reinforcements. He is the one who can advise you on renovation that suits not just your preferences but also falls easily within your budget.

With an interior designer at your service, you can also be guaranteed of ready availability of durable makeover materials at affordable prices. Buying the materials and appliances at reduced prices is something that is best handled by these people. The duration of the entire makeover activity, from applying the first layer of paint to hitting the last nail, can also be effectively estimated by interior designers.

It is also advisable to consult a property broker who can tell you about the latest trends in the real estate market with reference to the choices and preferences of buyers. After all, every strategy of yours is geared towards generating satisfaction in the minds of potential buyers when they see your house, and ensure a successful resale.

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