A way of increasing the return and value of a home is through home improvements.  Not only is there the financial benefit but the added pleasure of living in an environment that you designed and created.  From the previous post, you can see that the ancillary costs of moving sometimes make the move a financial fauxpas and that renovations can be the cost effective way to upscale or create the change of environment that you so desire.
Before you call the contractor you should research which renovations will add to the value of your house, as it’s all very well spending a fortune on a room and your guests may be very grateful – but gratitude may be all that you receive!

Projects that pay:-

Kitchens:

As the saying goes – the kitchen is the heart of the home!  Not only is it the heart of the home, but it is also one of the best rooms for recovering the cost of the renovations!  A simple modernisation of appliances, countertops and cabinets will enhance not only the appearance of the kitchen, but also it’s functionality making it a winner if you are to sell the house, or if you are going to continue to live in it!

Bathrooms:

Adding, or upgrading a bathroom drastically increases the value of your home.  There are many ways to revamp you’re bathroom without going to the extreme of a new bath and shower.  The simple addition of new light fixtures, a new vanity, fresh coat of paint or new tiles are just some of the ways you can revamp the bathroom without emptying your pockets.

Outdoors:

Decks, patios and verandahs enhance the look and feel of your garden.  The addition of these features also makes for wonderful entertainment area, which becomes a great lifestyle and selling point.  Approximately 85 percent of the project costs are recovered in added value, making this a wonderful property value boost!

Simple, quick and effective:

Converting an unused attic into an office or additional room also increases the value of the home.  Another simple, effective and affordable way to spruce up the look of your home is a simple coat of paint!  A coat of paint vamps up the look and feel of your home by making it look new and fresh!

So before you decide to call in the major renovation teams, have  quick look at what you could do to cost effectively add value to your home, both financially and lifestyle wise.