How Renovating Your Home Could Make You More Money

The number of homeowners choosing to improve their homes through refurbishment and renovations rather than moving has risen fivefold since 2013, according to Hiscox Home Insurance. Home improvement in the past six years rose by 12% – representing just over four million households in the UK today. 

The option of buying a property in an area with room for growth and high potential is becoming an innovative option for students and young working professionals who are tirelessly looking for the best options in the right locations to their work or place of study and expand on the space provided, as opposed to student halls and living with other family members. Renovating your property could unlock the opportunity for a new beginning for someone, not forgetting yielding strong returns for yourself, as the supply pipeline for this market is ever-growing. With the right amount of passion from our Interiors team, paired with the perfect fittings and furniture packs tailored to your budget and needs, you can renovate your property simply and effectively.

To do this, we have come together with a list of possible refurbishment and home improvement targets to help increase your property value. In turn, this will appeal to interested buyers, future tenants and guarantee a high occupancy rate, thus bringing in those strong returns.

First Impressions Start at The Door

Upon arrival, both the door and front garden often sets the tone for what to expect once that door is open. All of us we have seen homes that have wowed us and those where we felt slightly uncomfortable to be in and it all begins with that first impression given at the door. To give a good first impression for new potential tenants and buyers is to change your door completely to match the refurbishment and renovations in your property or if this door is still in good condition then its best to have it repainted and polished to make it stand out from the other properties in a prospective buyer and tenants search.

Maximise the Light

Amy Lau and her award winning interior design firm puts this in a brighter perspective saying,”When dealing with a dark room, whatever colour is used on the walls, I paint the ceiling, trim, and doors the same colour but 50 percent lighter. Too much of one shade can overpower a space.” Half the experience of living indoors is seeing the outdoors so when refurbishing your property if the option is structurally viable for your property install large windows. However, you might not have the budget to change your windows or in that case play around with paint and paint your windows a shade lighter than the rest of the room to maximise the light coming through the windows.

Interior Styling is Everything

As mentioned earlier painting affects lighting and when renovating a house you should opt for a new paint. This dramatically increases the overall feel of the apartment and with the right colour combination and lighting this refurbished property will dazzle tenants and even put you in the position where people will raise budgets in order to gain access to your property. With a good interior painting and with our furniture pack making it look and feel not just well maintained but reinvented.

A Refurbished Kitchen

This is often the defining characteristic of a good home. A gorgeous kitchen is usually what sells the home and that goes especially for those renting or wishing to buy themselves a property to raise their children. The world renowned Musician and Chef Kimberly Schlapman describes this best saying, “My favourite room in the house is my kitchen. It’s definitely the heart and soul of our home. It’s where we gather in the morning as a family to start the day, and it’s where we wind down at night over supper.”

Modernise Your Bathroom

The bathroom is a key component in advertising because the astute from a good bathroom is sense of cleanliness, style and overall elegance of a home. Getting this right is crucial for buying to let and SkyLet™ services as this often is an important factor in deciding whether to rent the property or not. To avoid this uncertainty a stylish but practical call to the bathroom is a must removing odd, abstract brightly coloured floors and wall tiles with a sleek uniform and attractive detailing to the entire bathroom to captivate potential buyers to fall in love with the property.

We hope you found these tips useful. If you would like more information or advice on renovating your home, no matter how big or small your query, our SkyLet™ and Interiors team can help to connect you to your personalised property solution.

Words by Tanaka Dube, Edited by Jannaire Faulkner

Further reading