Tuesday, 27 October 2009

House Renovation And Interior Design Can Increase Your Property's Worth

By Ramses Russel

The market value of your house can be increased significantly through renovation. Any amount of time spent in renovation doesn't go in vain, as rich buyers always scramble for a house that looks new and well-furnished.

A quick example of increasing the property capital value as well as salability and rent ability is adding a garage or car port. If the property has the space to add a car shelter and it does not have one, future buyers or tenants will see the added value. When you rent a property you can often recover the cost of the work from a tenant within two years. After that the extra rent you charge will be pure profit. On top of the rent amount if you are making additional changes to the property at the same time, your bank will take the upgrades into consideration when you get the property revalued.

A proper renovation of a house is identified by proper electrical fittings in its inner parts, better furnishings, and right colour blends on the walls, among various other things. The whole concept of renovation is to improve the house such that both its utility and comfort level rises. High quality makeovers can increase the value of a property by even up to 50%.

The look of the house is very important and thus you must pay special attention to getting it done properly. The interiors of your restored house must be more in sync with modern trends so that prospective buyers, who are usually conscious of the present trends in interior design, feel impressed and are willing to pay a high sum for it.

It is advisable to engage the services of a seasoned interior design specialist when you go for the restoration. If overall renovation is not on your agenda, then the interior designer can recommend certain smart changes on a few sections of your property that will satisfy the objective of attracting buyers.

Only an interior design specialist knows how and where you can go for minor architectural changes at minimum cost to give your house that irresistible look so that buyers can't cast their eyes away from it. The pattern on the floor and the colours of the walls can make the room look dazzling and more airy. An interior designer is also required for suggestions on the structure of the house and can tell you whether any parts require reinforcements. He is the one who can advise you on renovation that matches not just your preferences but also falls easily within your budget.

With an interior designer at your service, you can also be guaranteed of ready availability of durable refurbishment materials at affordable prices. They know where to procure these materials and appliances from the market at reduced prices. They can also inform you how much time would be required for the whole refurbishing project to finish.

It is also advisable to seek advice of a property broker who can inform you about the current trends in the real estate market with reference to the choices and preferences of buyers. After all, every strategy of yours is geared towards generating satisfaction in the minds of prospective buyers when they see your house, and ensure a successful resale.

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