Renovation and refurbishing all seem to refer to the same thing but however, but you will be shocked to learn that they aren't. Each service has its own set of objectives, criteria, and procedures. To pick the ideal project for your business space, you must first grasp what each means and includes. Carry on reading our blog to find out more.
What is the difference between renovations and refurbishments?
Refurbishments
A refurbishment is the process of repairing or redecorating something on your property. It is primarily influenced by aesthetics and tries to enhance the property's appearance. As a consequence, it's considerably more limited than a renovation, and it involves securing the structure of your home before you start.
House refurbishments are also less costly than renovations, mainly based on the nature of the changes that are required to be made. Our builders highly recommend that you talk with many businesses to guarantee that you receive the best deal.
Here are a few examples of renovations:
- Getting the exterior of your property repainted
- Repainting the rooms in your home
- Plastering
- Decorating
- Carrying out major repair work
Renovations
A renovation involves transforming your property, this could involve altering the structure or building an extension. They are mostly focused on adding to what already exists. When compared to a refurbishment, a renovation generally takes longer and costs more since it involves more complicated stages.
Renovations may also be used to swiftly repair and enhance any damaged areas of a home. It's particularly beneficial if you're going to change the construction of a home to conform with current regulations.
The following are examples of renovations:
- Adding a new wall or knocking down an old one
- Building an extension
- Extending the ceiling
StartFragment
The Effects of Renovations and Refurbishments on Property Value
Renovations and refurbishments can have a substantial impact on a property's value. You can raise a property's market worth and appeal to potential purchasers by making changes to it. However, not all improvements have the same impact on property value, and some may even reduce a property's value. Renovations and refurbishments can have the following effects on property value:
Visual Attraction
First impressions are important, and the exterior of a house may have a significant impact on its value. You can boost a property's curb appeal and make it more appealing to potential buyers by altering its outside, such as repainting or adding landscaping.
Modernization
Updating a home's fixtures, fittings, and appliances can make it more enticing to purchasers searching for a move-in ready home. You can raise the value of a property and attract buyers who are ready to pay a premium for a modern home by remodelling the kitchen, bathrooms, or other essential areas.
Space
Adding more living space, such as by adding an extension or converting a loft, can greatly raise the value of a home. You can make a house more appealing to purchasers who need additional space for their growing family or who want a larger residence by adding square footage to it.
Energy efficiency
Improving a property's energy efficiency, such as by installing insulation or improving the heating and cooling system, might make it more appealing to purchasers seeking a low-maintenance home. You may raise the value of a house and make it more appealing to budget-conscious buyers by lowering the cost of utilities.
Maintenance
A well-maintained property is more likely to retain its value than one that has been neglected. By keeping a property in good condition, you may minimise minor issues from becoming major ones and retain its market worth over time.
It is essential to realise that not all repairs and refurbishments will raise a property's value. In an area where most purchasers are looking for low-maintenance houses, for example, adding a swimming pool may not raise the value of a property. Similarly, if the local market cannot support the additional value, over-improving a house may not be a sensible investment.
Overall, renovations and refurbishments can have a considerable impact on the value of a property if done appropriately. You can boost the value of your property and make it more appealing to potential buyers by focusing on renovations that are likely to appeal to purchasers in your local market.
Choosing the Best Contractor for Your Renovation or Refurbishment
Here are some important factors to consider when selecting a contractor for your renovation or refurbishment project:
- Look for contractors who specialise in the type of work you require.
- Get recommendations from friends, family, and coworkers.
- Examine the contractor's qualifications, which should include licencing, insurance, and bonding.
- Obtain several quotes and compare prices and services.
- Check the contractor's prior client references.
- Select a contractor who communicates well and responds to your questions and concerns.
You can select a professional and dependable contractor to assist you reach your remodelling or refurbishment goals by following these steps.
EndFragment
Want to know more?
Our builders are available throughout Bexhill, Eastbourne and Hastings. You can get in touch by calling us on 07879335446 or 01424 238797 and we'll be happy to help with any refurbishment or renovation services that you may require.
