Every Singaporean who own their own property is fully aware of the fact that renovation is a Big Deal. It takes a lot of time, money, and energies from all parties involved, but even a single hiccup can end up causing a lot of grief. However, a successfully carried out project can take your home to a whole new level. If you’re still floundering on whether you should take the plunge or not, let’s take a look at these 5 benefits of investing in a home renovation project:
1. Tweaking to suit your lifestyle
Every single person in the world has a very different way of living. This individualistic lifestyle adherence is one of the main benefits and reasons to go for renovation. The scary part about adjusting yourself to a certain space is that it gradually becomes a habit, but if you manage to alter the space to your lifestyle to begin with, you’ll have a very successful future in that home.
2. Increasing the property value
A general renovation can add a lot of value to your property – both visually and financially. In an island like Singapore where everyone wants the best of everything, beautifying your homes in a more than presentable manner can increase the value of your homes. However, you have to consult with a real estate agent before making the final decision as the offset of the payback is not 100%, in which case spending thousands of dollars can be a total waste.
3. Upping the rental income
It’s basic logic that because of your increased property value, you can charge more for your rental income. When the home is a little fancier and different from most places available in the market, it’s only given that you charge a little more for it. So, a renovation is definitely going to be worth your while if you’re thinking about renting your homes out in the long run.
4. Improved pragmatics
We live in a very fast paced world where our needs area constantly changing. Even when you’re living with a growing family, babies turn into toddlers, toddlers turn to children, children turn to teenagers etc. With every change in age comes a full change in needs. A renovation can help you keep up with all of them through the passing times and keep your family up-to-date in the process.
5. Avoid relocating
Some of you may be thinking that buying a whole new property is relatively easy compared to the hassle of renovation, but you couldn’t be more wrong. Between finding a good realter, buying new furniture, and packing up to move, it’s all kind of the same thing in the end. Comparatively, renovation can easily make your life more progressive and functionally stable while remaining at the same place.