There are several reasons why you might want to carry out improvements and renovations to your home and garden. DIY could be your passionate hobby, you might be bored with how your current home looks or you may want to increase the value of your home. Whichever it is, and especially if it is the latter, you should first get the advice of a financial planner to help ensure everything relating to the financing of your project is thought through beforehand.
This is especially true if the main reason you are embarking on this home renovation project is to increase the value of your property. This applies whether you plan to live there long-term, or are looking to sell soon and want the best possible price for your home.
The multitude of possible home and garden renovations, all come with as many different costs so it is vital that in conjunction with your financial planner you not only establish a budget beforehand, but also consider the return on your investment too. This is where you will want to decide whether you want to see the biggest dollar amount increase in your property value, or the biggest percentage return on investment.