Improving each space in a home allows the owner to create a custom design. However, it is important to consider the immediate benefits of the improvements, as well as the long-term financial benefits. Ideally, it is wise to invest in home renovation projects that offer the most benefits. This is particularly important if a property owner considers selling in the future.
1. Kitchen remodel
For most people, the kitchen is the heart of the home and deserves a spot on the project list. According to HGTV, homeowners can expect to recoup between 60 and 120 percent of the investment in a kitchen remodel. Using modern colors to paint your kitchen goes a long way towards giving it a fresh look. However, avoid paints that contain harmful chemicals, such as benzene, and opt for paints that are low in VOC. Replacing older appliances with Energy Star rated appliances that use less energy and are environmentally friendly is also a worthwhile investment.
2. Additional bathroom
If a home has a bathroom, adding a second can help you get a substantial return on your investment. When deliberating on which room to convert to a bathroom, look at underused spaces such as closets or areas under stairs. Like any other home renovation project, the cost of this remodel depends on the additions and accessories the homeowner wants.
3. Energy efficiency 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 smart way to save energy. A contractor can use a thermal leak detector to find leaks in the home and repair them. Using CFL bulbs can also reduce energy use, as they use 75 percent less energy than standard bulbs. Other viable upgrades include installing a programmable thermostat and obtaining Energy Star rated windows.
4. Room additions
Creating more space in the home can be a good idea for homeowners living in a trendy real estate market. A homeowner can add two or more rooms, such as a sunroom, an attic room, and a guest room, to add more space for their older children or guests. Some people also want rooms more dedicated to entertainment, hobbies, and crafts, and all of these investments add to the overall value of the home. In some markets, buying a new home as the home grows can be quite expensive. So it makes sense to add a few more rooms to accommodate all members of the family.
There are many home renovation projects that a person can undertake to improve the value of their home while ensuring optimal comfort. It is important to take the time to inspect the home and decide which renovations to prioritize in a project. Also, the entire project can be made easier if a professional contractor participates in each and every step.