Renovations and extensions are a proven way to add value to your existing property. If you are planning to sell your home now or at some point in the future expanding your property in this way should be viewed on as an investment and will help ensure you receive a maximum return . Adding additional bedrooms in your house will increase the value the most. However adding an additional WC or general rooms to increase living space inside the property are also great options. You could also try to renovate your kitchen and bathroom for both of them are the centre of your house that set the tone to the entire house. Whichever option you choose, an extension or rennovation is a sure fire way of increasing your property value.
When compared to the cost of buying another, larger house you will usually find renovation or extension to be a lot cheaper. There are also additional unforseen costs when buying a new house such as buying new furniture or adding required fixtures and fittings that are not currently installed in the house. Moving to a new house will also incur fees like legal and administrative costs, real estate, stamp duty to name just a few. Although the cost of renovation or extension can initally seem expensive, when all these additional costs are factored into the budget it is usually the least expensive option.
If you are planning large scale rennovation of a property, this may be an ideal time to take advantage of the latest energy saving technology to reduce your ongoing costs. By installing the latest boilers, heating technology and insulation you can greatly reduce your future gas bills. There are also some great deals available to install solar panelling on the roof of your property. Solar panels will allow you to generate your own electricity to power your home. It may even be possible for you to generate more electricity than you use and return a profit by selling the surplus into the electicity grid.