Interior Designs That Will Boost Your Home's Value
To help you determine how to best spend on interior improvements, check out these interior design ideas that will boost the value of your home
11/10/2019
Interior design is all about balancing savings and a few splurges. The "splurge" pieces elevate the inspired look, while "save" pieces help execute the entire design, all within the homeowner's budget. However, the cost of renovating a home was R7,323 per square metre, making it 17% higher than it was in 2017. Statistics further reveal that first-time homebuyers prefer buying older homes in good neighbourhoods and slowly design them to their ideal taste. To help you determine how to best spend on your investment, check out these interior design ideas that will boost your home's value.
Installing a Fireplace
The National Center for Real Estate Research shows that fireplaces can increase the value of a home up to 12% depending on the location. Before shopping for fireplaces, create a list of what you want and expect from the purchased product. Consider some things before buying a fireplace to ensure your preferred choice will serve its purpose for many years. This step is critical if you are looking for ways to save money on valuable items. Think about the levels of heat that the fireplace will produce and the entire furnace measurements that will fit your home. Is your ideal fireplace made of brick-wood, a closed combustion wood stove? Should it be gas-fuelled or fuel-less gas fire? Whatever your preferences may be, always make sure you are familiar with how the fireplace functions.
Splurge on Kitchen Space
How much you'll splurge will depend on your main hobbies. For many homeowners, this may include cooking in the kitchen. However, the cost of remodelling a home kitchen ranges between R10, 000 to over R250, 000, depending on the size. While you can opt to do-it-yourself to reduce side expenses, it is worth hiring a pro contractor to handle the task. If you're installing or replacing countertops, invest in a quality material that will last for decades to come. When upgrading your kitchen, focus on the amount of storage space for cabinets and countertops, update the backsplash, and brighten the space with complementary lighting fixtures.
Converting your Attic into Trendy Spaces
Loft conversions can create extra living
spaces and add to the value of your home. With
the increasing cost of energy, an insulated loft
will save your budget on monthly energy bills.
It will keep your home warm and cool throughout
the changing seasons.
Converting an attic into a
habitable space is affordable as all the
materials required are readily available for
homeowners. All you need to do is invest in
electrical wiring and plumbing to make it an
ideal place for peace and relaxation.
Whether you intend to list your home for sale or
not, remodelling is an excellent way of adding
value. Additions and alterations will give your
home a new look that will attract buyers. If you
are not selling, upgrading will enhance comfort
and safety. However, to enjoy the benefits of
renovating a home, you must invest in designs
and products that will last years and return a
high percentage of the initial investment.