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Financial Blog

Remortgaging for Home Improvements

There’s never been a better time to consider making some home improvements.

They’ll not only enhance your living space and give your home a new lease of life but if considered correctly they could also add value to your home.

With the new low interest rate, there will be even more savings to be made by remortgaging so here’s some ideas of home improvement projects that could add value to your home.

home improvememtsAn extension – While a large project which can be imposing of your life, the value added to your home if you extend is huge. One or two story extensions can add additional bedrooms, a bigger kitchen, extra reception rooms. The possibilities are only limited by the space you have to work with.

Loft conversion – Have a clear out of the loft and make better use of this space by converting it into an additional room. This could be used as an office, gym or bedroom. Some will even have en-suite bathrooms added, an excellent option if you’re considering lodgers or students.

 

New kitchen or bathroom – Renovating these areas can be inconvenient as they are key rooms in the house, but it’s often cited as a key factor for home buyers. A new kitchen or bathroom will likely add value to your home.

Conservatory – Create additional living space in your home by adding a conservatory. It can also help with increasing natural light into the adjoining room. A gorgeous space to relax in the summer months, but some are also suitable for use all year round.

New windows and front doors – Increasing the kerb-appeal of your home makes it a pleasure to arrive home after a long day at work. Similarly the first impressions for potential buyers really do count and can make or break a deal.

If you’d like to know more about your remortgaging options to make improvements to your home, contact us on 01273 736536 or email kevin@numberonemortgages.co.uk for a no obligation review of your situation.

Read how we helped another Sussex couple remortgage for their home improvements.

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