Increase your home value with 3 types of renovations
Increasing your home value is usually not the immediate reason to renovate. Still, it is a nice bonus. A higher home value ensures a higher sales price, but is also a good investment for the future. And then of course you have the direct benefits of more living comfort and/or a lower energy bill. These are a few renovations that will increase your home value.
Not every renovation immediately pays for itself in a higher value of your home. And often that is not necessary at all. When you renovate, you usually do it mainly for yourself. But a little strategic thinking can't hurt at all. More space or a lower energy bill are things that are immediately reflected in the home value, but a new kitchen or bathroom can also contribute to this.
Increase your home value by making it more sustainable
When you make your home more sustainable, you will earn back that investment in various ways. This way you benefit from a lower energy bill and more living comfort, but you also increase the value of your home by 70 to 100% of the renovation costs (source: funda). Installing solar panels and insulating your floor, facade or roof contribute to a lower energy label and therefore a higher home value. And yet you often recoup the investment in sustainability in just a few years.
More space means more value
You can also increase your home value by adding extra living space. By having an extension installed, you benefit from a larger living space or extra bedroom, but you also increase your home value by up to 60 to 100% of the renovation costs. A stone extension adds more value than a wooden one. Another way to add space is to have a dormer window installed. A dormer window instantly creates a wealth of space and often makes it possible to use a space as an extra room. Here too, the quality of the construction and materials is important for increasing the value of your home.
Replacing the bathroom or kitchen
Increasing your home value by having a new bathroom or kitchen installed is slightly less lucrative, but still valuable. A modern bathroom or a kitchen that is fully equipped looks very well in the pictures and during viewings, but will result in less net increase in the value of your home. Maximum 50% of the renovation costs. These are renovations that you mainly benefit from, because they are often taste-related.
Increase your home value thanks to good advice
Are you considering renovating your home and do you want to make smart investments? We can tell you what your planned renovation means for the value of your home. If you need a loan to carry out the renovation, you will need a valuation report. This gives you insight into the current value of your home and what it will be after carrying out the planned renovation. This way you start with well-founded plans. And let a good foundation also contribute to a higher home value!
