In today’s property market renovation can be a very good investment that can yield a nice return but only if you do it strategically. This is the reason why many real estate investors are aiming to renovate.
Renovations can be both a good short-term and long-term investment, depending on whether you’re looking to buy, renovate and sell or you are looking to rent your new property. However, in order to achieve maximum benefits, you first need to learn which renovations count most, or rather, which ones make the most sense investment-wise.
Start with the walls and the roof
The first area of a renovating project that should be taken care of are your walls and roof. Since these elements make the base of a good structure, you need to make sure they’re top notch.
So, check to see if there are any cracks, nicks or dents that need to be taken care of. When it comes to the roof, make sure that the roof cover is whole and performing as it should. Once you’ve ensured that all of the outer layers are good, it’s time to take things indoors.
Here, you’ll need to ensure that both the walls – especially the exterior ones – and the roof are well insulated. With the recent green movement, insulation solutions such as reflective insulation are fronting the race, so consider investing in them and replacing all of the existing insulation. This project may be a bit costly but it will pay off greatly in the long run.
Check the floors
Next, you’ll need to conduct a thorough inspection of your floors, as this is another crucial part of any smart property investment. First, check the integrity of the existing flooring solution and see if there needs to be any work done.
If not – great, but if they do require some touch ups, there are a few routes you can take. Your fist option would be to strip the floors entirely, sand them and reseal them with a sturdy floor sealant. However, keep in mind that this will only work in case you have hardwood floors that generally react well to such projects.
Alternatively, you can always take the easier route and simply replace the carpets if they’re damaged or not looking all that great. But keep in mind that, although easier and faster, this project can also be more expensive than the previous one.
Inspect the plumbing
Since no building can function without proper plumbing, this will be your next logical step. First and foremost, contact local plumbing experts and have them inspect the overall integrity of your pipes. That’s the easiest and best way to determine the overall state of your plumbing system which will directly affect your next steps.
If the pipes are old and worn out, you’ll need to have AA plumbing plumbers in West Chester Ohio replace them with new ones. But when doing so, try to remove all the pipes from the walls and keep them exposed. This trend is becoming very popular in real estate as house buyers and future owners started preferring exposed pipes due to easier maintenance.
If, on the other hand, you have pretty decent plumbing, you can still call in the experts and have them reline your pipes to make sure nothing unexpected happens when you move onto making finishing touches.
Check windows, doors and other entrance points
Finally, once all of your previous projects are done, you could move onto inspecting your windows, doors and other entrance points. When these are concerned, you want to ensure that all of them seal properly and that there’s no damaged caulk that could cause problems in the future.
If you notice any broken or damaged glass, have it repaired or replaced. Remove old caulk and add new one to prevent draught or even consider relining your windows to add an extra layer of insulation.
Finally, strip your doors and window frames off old paint and apply a fresh layer that will not only make them perform better but it will also make them look as good as new.
