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Adding Value to your Property

September 28, 2019 By Christine Field

This post may contain affiliate links.

If you are a homeowner, there is one thing that is certain, you will always want your home to increase in value while you own it. If you were fortunate enough to buy in a market low, and sell during a high point, then you will be able to rest on some profits to contribute to a bigger or better new home. 

 

Image Credit Pixabay License CC0

However, if the market has not moved in your favor, you may find yourself in negative equity. If your home is worth less than you paid for it, you may lose money on the sale. This can be a significant set back that will mean you will not be able to climb the property ladder in the way that you may have intended. 

 

There are ways around this, however. If you have some savings or are able to take out a home improvement loan, then you can do some work to your property in order to increase the market value of the house. Before you take out any type of loan, make sure and do your research. Be sure that you can make the repayments both now, and in the future. This should be a particular consideration if you plan on taking out a new mortgage on a future property. 

 

Setting Your Budget

 

Working out exactly how much you can spend on your project is very important. This will then determine the level of the work that you are going to carry out. Don’t just do work because you think that it will make the house look better. Instead, take a more practical approach and only carry out work that offers the maximum return on your investment. 

 

Do It Yourself?

 

You may well want to carry out as much work as possible yourself. You should only do this if you are highly skilled and experienced in home renovation. Making mistakes while doing the work yourself can end up costing you dearly. You may need to hire a contractor to undo your work, before starting again from scratch.

 

Add Curb Appeal 

 

Modern homes can look great with exterior cladding. This is a great way of covering a large area with a professional finish in a simple and effective manner. You can hire in a company that will be able to do this work in a relatively short space of time. The effect will be stunning, and you may not even recognize your home after you have had the work carried out. 

 

Add Real Value

One way to really up the market value of your home is to create additional living space. You can do this either by building an extension or adding a conservatory. Or, you could look at converting an attic, basement, or adjoining garage. Before you start any work, be sure you know what the procedures are for getting planning permission for any work that alters to the structure or size of your property. Getting work such as this carried out can be complex, however, very often the returns are large.

Filed Under: Home maintenance Tagged With: Home renovations that increase property valus

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Hi, I’m Christine

Have you been a wholehearted mother, but time, toddlers and teenagers have moved on? If you are wondering what comes next for you, you’ll feel right at home here.

Or, are you a mom for whom family life has been non-Pinworthy and parenting has been downright painful? I hear ya. There are many of us around.

Are you looking for a life full of exploration and adventure after the nest empties, but maybe you have no idea how to go about doing that? Stick around! We’ll explore adventures together to help you gain more clarity for your own path.

After a couple decades of writing books and articles about parenting, homeschooling and adoption, speaking to homeschoolers and other parent groups, and reaching out to the mom in the trenches who was trying to make the best of it - my kids grew up. Some grew up and grew away. I was determined to find a way out of the pain, emptiness and lack of direction.

For many of us, the journey starts with something we moms are not accustomed to. After years of caring for and serving others, sometimes we forget the beauty and wonder of US. We need to spend some time getting to know the parts of ourselves that have lain dormant, and take the time to explore interests and passions that we set aside.

I’d like to invite you to get the “What’s Next for Mom” workbook and jump into this growing tribe of Moms who are emptying the nest and filling the life! Let’s reignite your Mojo after Mothering!
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About Christine

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At Real Mom Life, my passion is to provide resources and reassurances for moms facing the surprising challenges of family life. In my writing and speaking, I explore solutions to unexpected issues in adoption, homeschooling, special needs, and more while encouraging moms to extract the maximum joy out of each day. Read More…

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