Spiffing up every space in a home allows the owner to create a personalized design. However, it's important to consider the immediate benefits of improvements as well as the long-term financial benefits. Ideally, it is wise to invest in home renovation projects that offer the biggest payoffs. This is particularly important if a property owner considers selling in the future.
1. Kitchen Remodeling
For most people, the kitchen is the heart of the house, and it deserves a place on the project list. According to HGTV, homeowners can expect to recoup 60 to 120 percent of the investment in a kitchen remodel. Using modern colors to paint the kitchen goes a long way in giving it a fresh look. However, avoid paints that contain harmful chemicals, such as benzene, and opt for low-VOC paints. Replacing old appliances with Energy Star rated appliances that use less energy and are environmentally friendly is also a worthwhile investment.
2. Bathroom Addition
If a house has one bathroom, adding a second one can help reap substantial returns on the investment. When deliberating which room to convert into a bathroom, take a look at underutilized spaces, such as closets or areas below the stairs. Like any other home renovation project, the cost of this remodel depends on the additions and accessories that homeowner wants.
3. Energy-Efficient Additions
Many homeowners are always looking for ways to minimize their utility bills. Adding insulation to the attic and sealing all the cracks around the house is a wise energy-saving move. A contractor can use a thermal leak detector to find leaks around the house and fix them. Using CFL light bulbs can also decrease power usage, as they use 75 percent less energy than standard bulbs. Other viable updates include installing a programmable thermostat and getting Energy Star rated windows.
4. Room Additions
Creating more space in the house can be a good idea for homeowners who live in a hot real estate market. A homeowner can add two or more rooms, such as a sunroom, attic bedroom, and guest room, to add more space for their grown-up kids or guests. Some people also want more dedicated rooms for entertainment, hobbies, and crafts, and all these investments add to the overall home value. In some markets, purchasing a new house when a household grows can be considerably expensive. Therefore, it makes sense to add a few more rooms to accommodate all family members.
There are many home renovation projects that an individual can execute to improve the value of his or her house while ensuring optimum comfort. Taking the time to inspect the home and decide what renovations to prioritize in a project is important. Additionally, the whole project can be easier if a professional contractor is involved in each and every step.