Redesigning one’s own home brings about a number of potential benefits, opening up living spaces and improving conditions of comfort. Some residents will spend many years tweaking their home’s design until it feels entirely perfect and, even then, find themselves changing colours and designs on a whim. Some residents, however, will also be motivated by their property value, knowing that renovations can greatly improve a home’s performance on the market and offer a substantial return on investment.
There are a number of ways in which a property’s value can be increased through renovations and while the premise might conjure images of knocking down walls and building extensions, a number of projects are actually small and unobtrusive, while still offering a substantial reward.
Not only are property prices seeing record heights but parking options are also becoming increasingly more sought-after. As such, one of the most beneficial features a renovation can accomplish for a home are parking options. Whether this is achieved by creating a driveway or through the installation of a garage, parking has become so important that even a space for a single vehicle can significantly increase property value.
Attic Over Basement
Attic conversions have been a mainstay for those seeking to improve their property’s value. By transforming an otherwise empty attic space, residents gain an extra room, better insulation, and a living space that is elevated away from street-level disturbances and with the potential for a large amount of natural light.
While some might first consider a basement renovation, there are a number of potential issues that are associated with such endeavours, including lack of natural light and humidity. That’s not to say such environmental factors cannot be overcome (or overlooked) but there is generally a greater return to be found when renovating upstairs.
Another way homeowners can expand their living space is by establishing an outbuilding in their garden. There are a number of possible ways to accomplish this, from log cabins to garden shed renovations, with each one offering a different form of living space. Many homes are choosing to pursue garden outbuildings so as to create a private working space, one that supports remote working.
Open Plan Spaces
If you have two complementary rooms, two that are not divided by a load-bearing wall, there is the potential for an open-plan living space to be created. Open-plan homes remain popular and not only expand a room’s design potential but also enable residents to welcome more people into their homes. As residents begin to spend a greater amount of time at home, especially those with families, having a greater amount of shared living space is generally preferred, instead of isolated rooms.
As technology makes great strides, it is further introduced into homes. This opens a number of opportunities to residents, including options for electric vehicles, energy-saving smart devices, and even more immersive home entertainment systems.
However, before these features can be enjoyed, a home needs to ensure its infrastructure is in place, especially with regard to its electrics, which is why forward-thinking homeowners should consider smart infrastructure for their next renovation.