Your home is a major investment, which is why once you have bought your own, you need to continue adding value. There are many ways you can add profit to your home, be it small investments or larger, more significant ones. The issue is deducing which are the most effective means of renovating your home without losing money.
The following article is going to discuss which are the best ways to invest in your home.
There are many ways you can renovate your home, from small redecoration ideas to larger projects such as extensions and conversions. Where should you spend your time and money, though?
Bedroom Redecoration: Redecorating your bedrooms can make a massive difference to your home. Bedrooms are, after all, the rooms in which you should relax and unwind after work and when trying to fall asleep. Ways to redecorate include painting the walls, changing the light fixtures, or swapping out heavy curtains for plantation shutters so that you have more light filtering through. If you have the time, space and funds, you could even add an ensuite to the master bedroom.
Bathroom Revamp: To add value to your bathroom without going out and breaking the bank, you could simply change your shower enclosures, budget for a bath, or replace your tiles. You can also:
- Update fixtures
- Swap the countertops
- Change the mirror
- Add exotic tiling
- Transform the bathroom into a wet room, if you have no use for a bath.
Transform the Kitchen: Consider the heart of the home, a kitchen should be open, welcoming and efficient. Add shelving to enhance the storage space, add spotlights underneath cupboards and update the countertops and cabinet doors. Other cheap and easy ways to improve your kitchen include having an open plan kitchen and dining area, countertop seats, and having a beautiful backsplash that could double up as a feature wall.
Buying antiques can add value to your home, be it a chest of drawers, chairs or a table. However, to ensure you are adding value to the home, you may want to add a feature that is there to stay. A fireplace, for instance, will not only increase your home’s value but also add charm to your humble abode. Search online for London antiques and see the types of furniture that come up. You can also look at companies like Westland London as they provide timeless fireplaces.
If you can afford it, a loft conversion would also be another great way to invest in your home. It’s an opportunity to make the most of the space that you have and expand your home. However, it can be a relatively pricey project, so see how much it will cost and whether you can afford it. If and when you sell the house, you should find you get a positive return on your investment.
There are several investments you can make in life that will give you decent returns, but your home is one of the best places to start. By doing your research and understanding the best investments to take long term, you should find that you’re sitting on a goldmine as time goes by.