Will an extension increase the value of your home?
This is a common question many homeowners ask when they are offered an affordable home improvement. But not all are as lucky as you when it comes to the housing market. A lot of individuals who get into the home improvement and property management businesses end up having a bad reputation after being involved in some cases of real estate fraud. If you will be asking yourself this question at least once, make sure you know how does extension increase the value of your house.
It can increase your property’s marketability
One of the advantages of having a home extension is that it can increase your property’s marketability. If you own your home, the additional space and extra amenities can help sell your home faster. Sellers with extra bedrooms tend to get higher prices for their homes. When you add something to your home, it will improve its value. Just make sure you have an accurate valuation done before you make any moves.
Adding on to a house is like adding on another floor in a particular house. Thus, the property’s worth is not just increased, but it’s amplified a lot. An extension will either make your home have a new look, or it will increase its overall value. But before taking the plunge, you need to consider some things first.
Check with your local government first
If you plan to take advantage of some home improvement and real estate services, check with your local government first before you start doing anything to your house. Check if you are allowed to do what you want to your house. It is not uncommon for companies and individuals to try to convince homeowners that they can add on extra rooms by using some kind of fraudulent strategy. Although some may look legitimate, you can never be too sure until you have spoken with them directly.
Take note of how will it improve your home’s quality
Aside from how will an extension increase the value of your house, you also have to take note of how will it improve your home’s quality. Ask yourself this question. Does the addition of a new room improve the way you use your living space? Will you feel comfortable every time you stroll inside your home? You have to be positive about your answer before you start spending money on it.
Determine your budget
You must also determine your budget and how much money you can allot for home improvements. Make sure that you have the finances before you spend anything. Don’t wait until you find a problem to decide. Always do some sort of window shopping whenever you get the chance. This way, you will be able to find the best deals available.
When you already have an idea of how much you can allocate for your extension project, call your local contractors and construction companies. They will definitely be willing to work with you. However, make sure that you do not end up compromising on quality just to save a few dollars.
Choose the contractor who is really capable of handling the project
In remodelling your home, it is very important for you to know how to choose contractors who are really capable of handling all aspects of the remodelling project. The first thing you need to look for in these contractors is their certification. You should search for a contractor who has received the certification, which would ensure that the contractor is really capable of handling the home remodelling job.
Consider the type of contract for the project
Another important question that you may want to ask yourself on how will an extension to increase the value of your home is the type of contract that the contractor will be creating for you. A good contractor should be able to provide you with a contract that will cover everything. This contract should cover the work, the cost, the schedule of the project, the materials needed for the project, the payment terms and so on.
These are just some of the questions you should ask yourself when you are planning to have an extension done to your home. Of course, you should not be afraid to ask other people their opinions regarding the topic. But remember that everyone has a different point of view on home improvement. The best thing you can do is gather as much information as possible so that you can make the right decision. Get started today and visit meadanhomes.com.au for more information.
