This article offers the homeowner a few improvement projects to boost the value of the property.
We all love to improve our living space and with regular home improvement projects, you can increase the property value significantly. Think of home improvement as a form of long-term investment, yet some improvements are better than others, in terms of resale value.
Here are some of the top home improvement projects to boost property value.
Bricks-And-Mortar Extension
The top of the pile, increasing your living space drives up the value of your home. A two-storey extension would give you a lot of extra rooms and the resale value would reflect this. Of course, you want to build an extension that blends with the house and doesn’t look out of place. The majority of residential renovations Cyprus does are extensions, which look natural and aesthetically pleasing.
Swimming Pool
Whether indoors or outside, a below-ground pool is a significant investment and in a place like sunny Cyprus, having a pool is a must! You can choose between concrete and fibreglass, the latter being the cheaper alternative. Finding a certified pool builder is never going to be an issue thanks to the Internet, the contractor handles every stage from initial design to pool safety. Governments have safety regulations in place and you might have to contact a safety officer to have the pool inspected.
En-Suite Bathroom
If your master bedroom has en-suite amenities, this makes a big difference regarding real estate value, plus you have the luxury of not having to go far to reach the restroom. Of course, a lot depends on available space. You may have to sacrifice a slice of the bedroom, but it is all for a good cause.
Stand-Alone Modular Unit
Rather than a traditional extension, why not find a company that builds custom modular units? Old sea containers can be fashioned into living space. You might be setting up a small business and need an office, or you would like a guest room for your parents when they visit. Simply construct a concrete base and make sure the utilities are fed to the location and the unit can be lifted into place by a mobile crane.
Kitchen Revamp
If you rip out everything in the kitchen and start again, you can create the kitchen of your dreams. Don’t make the mistake of thinking you can cut corners in quality to save money, as this will lead to problems in a year or two. Kitchen appliances should be well-known names and any stone used should be of high quality. Once the project is complete, ask a local real estate agent to appraise the property and you will have a pleasant surprise.
Replacing Floors
If you replaced your flooring with seasoned hardwood, this would be a major feature and the value of the house would increase. If cost is an issue, consider engineered timber, which looks and feels like solid wood. If you would like to learn more about timber flooring, search the Internet for a local flooring contractor and ask them to send a representative to your home, where you can discuss the many options open to you.
Any improvement project that results in additional living space will add considerable value to the property, while room renovation also adds value. Wherever you happen to live, there will be specialist companies that can take your concept and turn it into reality and by asking a few contractors to quote, you can compare prices.
