Whether you’re looking at improving the resale value of your home, or just want more enjoyment out of your life and your space, home remodeling and renovations are wonderful for achieving these goals. For many homeowners, the question is when to do renovations and which renovations to invest in. After all, it’s always best to plan your remodel rather than to simply do things on impulse.
- Should I do a remodel at all? Recent surveys show that the majority of homeowners, two-thirds, plan to renovate. That alone is a good reason to keep on top of your own renovations, lest your home fall behind the neighborhood in resale value and even curb appeal. But there are other good reasons for home additions or remodeling. A good remodel will please you and your family and make life in your home more comfortable.
- Which renovations are best to concentrate on? There are some renovations that are almost certain to increase home value. Some of the best places to remodel include the bathroom, kitchen, and basement. While all have high returns on investment, it’s often a good idea to take these rooms one at a time. It can be easy to be overwhelmed with too many projects running at once.
- What should be done in the kitchen? Even a minor remodel here has over 82% return on investment. The kitchen is also one of the most important spaces in any family home. These reasons alone are enough to explain why surveys show that over 75% of homeowners that are making renovations are planning to change the style of their kitchen. The good news is that you can do a lot with just a bit of color, a new island, or some fresh tile.
- Why are bathroom renovations so important? Bathroom renovations have a high return on investment, while an addition can bring in an ROI of 86.4%. In fact, bathroom remodels make up nearly 80% of all remodel jobs, according to the National Association of Home Builders. The bathroom can be anything from a disgusting spot to avoid to an attractive, comforting, and relaxing place. You know which side you want your bathroom to be on!
- Is a basement remodel really that important? While not as popular as the kitchen or bathroom remodel, basements still have a 70% return on investment, on average. They are also a great way to get more out of your home while you live in it. Turn that dark and damp waste of space into a game room, a family room, a place to watch movies or even a spare bedroom for guests or a growing teen.
It’s probably easier than you think to seriously increase the value of your home and improve your own use of it while you have it. Home remodeling renovations are a great way to get more out of your investment, so look into local contractors who can help you improve your space.