Property Renovation Advice, Home Improvement Projects, House Renewal Tips, Residential
Property Renovations: Home Improvement Projects Help
Residential Property Refurbishment Article
30 August 2019
When it comes to property renovations, not all home improvement projects are created equal.
Some remodeling projects will not only improve the aesthetics of your home but also add substantially to its value. This is especially important if you intend on selling your property in the future. What, when and how you renovate takes thought and planning – it’s not a quick game at an online casino for fun – so check out the tips below to get the most out of your renovations plan.
While most people are concerned with the cost of renovations, there are more factors that you should include in your decision-making process. You must also take into account how your home renovations will affect the value of your home. Home renovation projects can be costly and do not come close to recouping your costs when it comes time to sell your property. On the other hand, some projects that require little investment can dramatically increase the price you can ask for your home in the future.
Homeowners often decide to pursue renovations due to the changing needs of the family, dated styles, changing individual tastes. These renovations range from finishing basements to add more living space to a home, remodeling kitchen cabinets and layout to reflect a more modern design or upgrading a master bedroom and bathroom to add a touch of luxury to your home.
By focusing your efforts and resources in these areas of your home you will ultimately get the most bang for your buck.
1. Boosting Curb Appeal
If you are looking to sell your home and want to add the most value to your home in the shortest amount of time, the most effective renovations remain those that boost the curb appeal to your property. Modifications to the outside of your home often have a higher return on investment (ROI) than other projects you may pursue.
Simply replacing your front door can improve the appearance of your home and you can recoup nearly 90% of the costs of the installation. Larger exterior home projects like replacing your roof, replacing a garage door, or replacing your home’s siding can be major selling points for a property and can even allow you to increase your asking price.
When it comes to kitchen renovations, many dream of granite countertops and top of the line appliances, but in fact, a minor kitchen remodel can often net you more added value than a major kitchen overhaul. Minor kitchen renovations can improve dated designs. Changing cabinet doors, adding new and energy-efficient appliances, installing new flooring and painting walls can quickly change the appeal of a kitchen.
These minor kitchen-remodeling projects can net you 30% more return on your investment than a major kitchen renovation.
The bathroom is often the smallest room in the house and remodeling it can boost your home’s value. Bathroom remodels often involve retiling, replacing fixtures, updating toilets and sinks, replacing countertops and improving lighting. If you are pursuing bathroom renovations, you might also consider making your bathroom universally accessible to all individuals – through improved design and layout – which can greatly enhance not only the value but the inclusivity of your home.
Updating lighting fixtures throughout your home may seem like a simple improvement, but it can dramatically change the ambiance and aesthetics of your home. Lighting can make your home warmer and more inviting. Unique and modern fixtures can make your home’s design more current and can be used to show off your personal tastes.
5. Add a deck or patio
Add a deck or patio to your home and you can expect to recoup nearly 80% of its cost in your home’s increased value. This outdoor space is appealing to prospective buyers, and can also be enjoyed by homeowners. Consider including unique features in your outdoor space such as built-in benches, a fire pit and artistic paving blocks to personalize your property. Using long-lasting and quality materials can help increase the life of your deck or patio.
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