Can renovations increase property value significantly?

[Tina]

Renovations can indeed boost property value, especially when they address key aspects like modernizing kitchens, bathrooms, and enhancing curb appeal. However, the extent of value increase depends on factors like the quality of renovations, local market trends, and buyer preferences. It's essential to weigh renovation costs against potential value appreciation to ensure a worthwhile investment.

[Zelda]

Yes, renovations can significantly increase property value. For example, updating kitchens and bathrooms, adding energy-efficient windows, or finishing a basement can yield high returns. A modernized kitchen might increase a home's value by up to 10%. Curb appeal improvements, like landscaping or a new roof, also enhance value and attract buyers, providing a substantial return on investment.

[Heatman]

Yes of course! When a renovation is being carried out, it means that extra cost is being in place for fixing and changing things that are no longer in good shape in the house. This is definitely going to impact on the cost which that house is going to be sold to the new buyer that is purchasing it.