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July 4, 2024

How Do Home Renovations Increase Property Value?

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While a home renovation can introduce a completely new look and feel for your space, the benefits of this kind of investment stretch far beyond aesthetics and purpose. Home renovation work has the potential to increase the value of your property, making it more appealing to prospective buyers; and it’s certainly worthwhile keeping this factor in mind, even if you don’t have any immediate plans to sell. 

As a trusted chartered architectural and interior design practice, we work to provide this long-term value for clients. Find out more about how taking this kind of strategic approach to your home renovation can help you to make the most of your investment.

Does a home renovation add value to your property?

When carried out carefully and with support from the right, credible experts – yes! A home renovation can definitely add to the current value of your property. To help you to plan a project that is aimed towards this objective, follow our suggestions below.

What potential does your property have?

Every property has its own set of unique characteristics and potential that can be maximised through renovation, and with the right architectural designers. The first step is understanding the strengths and weaknesses of your current home; whether it’s inefficient use of space, lack of storage, or no clear focal points. Our team carries out a thorough analysis at the start of every project, identifying areas where improvements will have the most significant impact. This includes evaluating the structural integrity, layout efficiency, and aesthetic appeal of your property.

2. Enhancing curb appeal

First impressions matter, especially in the property market, and that’s why enhancing your home’s curb appeal is one of the most effective ways to increase its value. If you want your home renovation to make your property the stand-out choice for buyers, focus on improving the things that they see first; from making considered exterior architecture choices, to scoping out some new landscaping, or modernising the facade. It’s also important to factor in any local building requirements, as your property could be immediately less appealing if it doesn’t align with this criteria. 

We’re often faced with tailoring our concept designs for neighbourhood zoning requirements in Dubai and Riyadh, where local  building regulations mean that renovation and development work must comply with the characteristics of the area that the dwelling is located in.

 

3. Focus on high impact areas for improvement

We’ve already focused on the importance of improving the exterior of your home, but what about inside? Kitchens and bathrooms are often selling points for potential buyers, whereas utility spaces and spare bedrooms are more afterthoughts. Modernising the spaces that buyers are inclined to prioritise can help you to see a higher return from your investment when it comes to selling. Think practically, and plan your renovation around factors like updating old appliances, or reconfiguring the layout to create a more functional, appealing space. 

4. Expanding living space

Adding extra space to your home is probably the most desirable outcome for any renovation project, whether through an extension or converting existing space. This type of improvement alone can boost the value of your property, but there’s 1 type of space-focused renovation that has been found to have the most significant impact on property value. A 2020 Statista study concluded that loft extensions were the most profitable type of home improvement, and they offer up a multitude of ways for you to create new space.

Some other options could be adding a kitchen extension, creating an open-plan living room and dining space, or adding en-suite bathrooms to the bedrooms of your home. If you have a single-story home, you might even want to consider building a second story to boost the price that you could get if you were to sell your property. 

5. Energy efficient upgrades

Incorporating energy-efficient features into your home renovation not only reduces utility costs, but it also makes your home more attractive to environmentally-aware buyers. 

For example, you could explore ways to upgrade your current insulation to a greener alternative, install energy-efficient windows, or integrate a renewable energy source into your property. Sustainable design practices are followed by many local authorities, so making these types of considerations will benefit both the environment and your property value.

6. Quality over quantity

When it comes to renovations, quality should always take priority over quantity; and the value that your home renovation adds to your property will be determined by your approach to this principle. 

Premium, eco-friendly materials and high-quality workmanship will ensure longevity and can add to your home’s market value. Our designs embody this value in the way they adhere to the RIBA stages of work, and our contract tendering capabilities mean we can access a network of trustworthy suppliers and contractors. Take a look at our projects for a clearer understanding of our own commitment to quality.

7. Staying up-to-date with trends

Keeping up with the latest design trends can make your home more appealing to modern buyers. This doesn’t mean you need to follow every trend, but incorporating timeless elements with a few contemporary touches can create a balanced and attractive design. 

8. Professional planning and execution

If you want to be able to see tangible results from your home renovation work, then its stages must be planned carefully and precisely. Cutting corners at any point can lead to some unwanted consequences, and these issues might only be encountered long after the work is finished, once a buyer has conducted their own survey of your home when it’s on the market. This is why we take care of listed building consent and planning applications, and this level of attention to detail shapes the work of our project management team.   

From initial design concepts to final construction, our team will oversee the entire process, ensuring your vision is realised on time, within budget, and in accordance with all necessary considerations.

Renovating your home is an excellent way to enhance its value, but this can only be achieved with the right, careful planning and expertise. Here at Riccardo Vicarelli Architects, we offer our turnkey design and build service for home and commercial renovation projects, giving you a space with both long-term and everyday value. Plan your home renovation by booking a free design consultation, or contact us today for more information about any of our services.

RVArchitects are excellent, professional and thorough. I use them for my business all the time.

A.B, London

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