Expert Coventry Property Maintenance Can Help Increase Home Value

Most people think that doing some property maintenance in Coventry with the aim of keeping their home in excellent shape is enough of a goal. However, one in ten homeowners improve their home with the intent of making a profit out of the house at resale. A recent article on Property Wire discusses the potential profits from a home renovation:

The research also shows that the average profit renovators have made or expect to make for their efforts is between £20,001 and £30,000. This was calculated by subtracting the purchase price of the property and the cost of the renovation work from the value of the house now.

While this much money is no small change, some home renovators are expecting to make much more. Some 7.8% of these respondents claimed they had either pocketed or hoped to make a profit of more than £100,000.

That’s quite a lot of potential profit right there. Though some people opt to do the repairs and the upgrades themselves, there are local companies that specialize in general property maintenance in Coventry and the surrounding areas, such as Trade Squad Ltd., which provides all-around general property maintenance and facilities management. Aside from general maintenance and property management, these companies can also provide contractors to renovate your space, such as a loft conversion to add a bedroom and a bathroom to an empty space. Luxury additions like adding patios and landscaping are also services many homeowners choose to spruce up their home’s curb appeal.

people renovating their home expect to make a profit survey has found

Property maintenance and repairs do not just add to your property’s net worth. If you plan to be living in your home for several years, preventive maintenance helps reduce costs on expensive repairs later on, particularly on damaged appliances, fixtures, or structures that have been left to languish or deteriorate on their own. Plumbing and gas fixtures, for instance, are two important utilities you can’t afford to ignore once signs of breaking down have become obvious. Roofing gutters and drainage concerns are also crucial maintenance issues that have to be addressed before the annual big storms arrive—not to mention the potential savings on repairs against extensive damage from water leaks and basement flooding.

Keeping to a schedule of regular property maintenance also keeps your home safer. Having professionals come over to inspect potential danger areas, such as gas and electrical connections helps avoid accidents. In the end, good property management and maintenance is a sure means to protect one of life’s most important investments.

Source:
(People renovating their home expect to make a profit, survey has found, Property Wire, July 29, 2014)

About Jack Jandu

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