Home renovations are a disruptive, expensive and time-consuming affair – not something any homeowner would be particularly happy to subject themselves to wilfully. But with house prices set to rise at around 3.5% per year from 2022, there’s no better time than the present to start investing in your home – and this piece aims to tell you exactly why, with five crucial reasons you need to level up your property.
The most important part of any home is the people living in it, and, unless you’re intent on developing your property for sale, the most important reason to improve your home is to improve your quality of life. The usual target sites for many renovation projects – kitchens, bathrooms, bedrooms – if done to your taste, are deeply important factors in the comfort and enjoyment of your home.
If you’re intending to hold on to your home for some time, there are certain considerations you need to make about its present state. Certain aspects of your home’s infrastructure may already be outdated, and neglecting to replace them now could cause serious problems further down the line. For example, if your boiler is getting a little long in the tooth, a replacement now could prevent disastrous water damage to your floor in the future.
Perhaps one of the most pragmatic entries on this list, adding value to your property is nonetheless an important motivator for improving your home. Increasing your quality of life simultaneously becomes an investment, and an excellent form of futureproofing your later life. You might think it counterintuitive to spend money you might not have in the short term, in order to create a more valuable asset in the long term – but there are many safe and secure ways in which you can make a home improvement work on a shoestring. Many homeowners safely invest back into their property using secured homeowner loans, whereby a sum is borrowed against their property.
Making Room for More
It might be that you have a new member of the family on the way – or even that you’re saying goodbye to one. Whichever way your family might be evolving, your home needs to evolve too. The box room might need to become a crib-room, or your adult son’s ex-bedroom could become a new recreational space. These evolutions could easily be a part of a larger overhaul, bringing your house into a new stage of life.
Improving Your Home’s Efficiency
Last but certainly not least, renovating your home can not only increase the value of your house as a whole, but also significantly reduce utilities costs in the long run. Newer, more efficient insulation solutions; changes to your home’s radiators; triple-glazed windows: all improvements that bring down your energy costs, and bring your home into a greener 21st century.