The idea of renovation will bring up mixed emotions to most homeowners. Whilst the idea of updating and improving major areas of your house is appealing, the time and cost involved is undoubtedly daunting.

For those that are willing to undergo renovations, it is important that you optimise your approach. Following the tips below should give you the best opportunity to maximise your output within your budget.
1. Selling vs Holding
Before going into the details over the types of renovations, it is important that a distinction is made between those that are looking to sell or those looking to hold the property after renovations are done.
For those either flipping or looking to sell their existing property, you will be looking to make changes that will maximise resale value. Prioritising profit will include making additional rooms in the property, such as a loft conversion, or renovating the kitchen and bathroom to modern standards in line with current high demand aesthetics. However, if the renovations are for yourself, although you should of course factor in the potential to increase the value of your home, this doesn?t have to be the priority. Make renovations that are practical for you should be. Whilst the option to sell or rent the property out should come into consideration when carrying out renovations, you must make the renovations work for you.
2. Consider your lifestyle
Assuming the renovations are for yourself, and before making changes to your property, your life...