7TH APRIL 2021
general
Whether you’re interested in selling your home in the inevitable future or increasing the potential value of your rental property, home improvements are one of the main ROI avenues homeowners and landlords alike choose.
Before you begin making substantial changes and remodelling every room in your house, it would be worth noting that you should compare your overall budget with the current trends of the renovation business. Projects that are assessed today may not fit the idea of what current buyers or letters are looking for when shopping for a home.
Once you’ve done your market research and made your decision to invest back in your property, it’s time to decide which are the top home improvement projects to undertake.
1.) Front Door Replacement: Nothing says welcome home, quite like a new and beautiful front door. As the centrepiece for the front of the home, it's important to make a statement for any potential guests or buyers. In today’s market, energy-efficient uPVC doors and durable composite doors lead the way due to their beautiful designs and insulation capabilities.
2.) Energy-Efficient Windows: In addition to a new front door, windows quickly become the next thing potential home buyers see when coming up to a house. New and modern windows stand out creating a look of elegance, enhanced security, as well as energy-efficiency. Custom vinyl windows can come in a variety of materials, colours and styles to best fit the overall look of the property.
3.) Patio Addition/Extension: In certain parts of the UK, the spring and summer months can be brief. To make the most out of it, many homeowners are investing in new outdoor patios or extending their current patio out further into their yard. As an extension of your home, the patio will quickly become an added living space for friends and family to relax and enjoy the outdoors.
4.) Minor Kitchen Remodel: A home’s kitchen speaks volumes to the overall look and feel of a property. When it comes to functionality, a minor kitchen remodel can create a fresh space for families to enjoy. From replacing older appliances and installing new flooring to resurfacing cabinets and pantries, intricate details can go a long way in the property value.
5.) Conservatories: Generally speaking, large home renovations can be quite expensive and can be hard to justify in the plan. Luckily, conservatories provide the added living space families are looking for, while also staying cost-effective. Once built, a conservatory creates a year-round living space for people to enjoy.
With the complexity and uncertainty of today’s financial and housing markets, it’s important to have a team of professionals that can help guide you. At J Edward Sellars, we are proud to be your trusted partner as you are beginning to plan for the future of your property and financial stability.
If you have recently undergone a home renovation project and achieved a solid ROI, we recommend re-investing your money so that it continues to work to your benefit. With many investment strategies and solutions available, it can be difficult to choose which avenue is the best to take for continued ROI. For your peace of mind, the financial professionals at J Edward Sellars can create a tailored plan centred around you and your needs.
With expertise in the field of market research and analysis, we can further help you understand and develop an investment solution. As part of our bespoke investment solutions, our in-house Stocks and Shares ISA offers you the performance of a stock market investment, with the added benefit of tax-efficient returns. This offer not only allows you to plan for future investment opportunities, but it also supplies flexibility in your savings. In addition to our stocks and savings advice, we also feature managed investment services to ensure you receive quality investment advice and the highest ROI possible.
For over 50 + years, we have helped homeowners, individual landlords, investors, and families across the Bristol, and the Clevedon, Somerset area control their financial future. During the early part of 2021 and leading into the rest of the year, we are proud to be your source of sound financial advice and personalised estate planning. To get started, we welcome you to contact our offices today.
