The benefits of undertaking a home renovation project

Have you ever wondered if embarking on a home renovation project is worth the effort? Whether you are a first time buyer looking to purchase a fixer upper or a current homeowner that wants to make some substantial changes to your home, a renovation project can offer many benefits.

If you have the funds and a knack for planning and organising, we have compiled a list of benefits to consider before kicking off your renovation project:

It’s an opportunity to correct safety issues

Depending on how long you’ve lived in your home and whether you’ve purchased a house that was already in a poor state of repair, a renovation project gives the opportunity to correct any existing shoddy work and bring your home back up to modern building safety regulations. That plug socket that was a bit too close to the cooker can be corrected during a renovation.

Improve your home’s energy efficiency

A home’s energy efficiency can be critical. A substantial amount of homes energy efficient rating are below standard due to changing regulations and evolving technologies. Upgrading the insulation, installing new bay windows or even swapping out that old rattling boiler can improve your rating during a renovation. Remember, a better energy efficiency will lower the overall household energy bills.

Improve functionality and add additional space

Depending on the type of renovation project that you decide to undertake, putting your home under construction can improve the functionality of a home or create more space. As an example, a lot of dated homes have gallery kitchens which can be quite functionality inefficient. A renovation project can give the opportunity to knock through some walls and create more space. Or even converting the empty loft into an additional bedroom.

Modernise a home

It’s no secret that modern homes are more attractive. A modern home also improves your personal space and allows you to customise the home to your standard and needs. Having a home that you are truly comfortable in provides greater health benefits and life longevity.

Increase value

Depending on your objective after the renovation, whether that is to sell or simply create a personalised space, undertaking a renovation, will in most cases, increase the value of your home. If the most cost effective style choices are made and the renovation has not exceeded the ceiling price the area then a newly modernised home could offer increased equity.

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