Is Investing In Home Renovation Really Worth The Time And Money You Spend?
Posted on: July 27, 2021
Are you considering renovating your home or maybe some parts? If that’s the case then you must have many questions in your mind at the moment. But one question that is at the top of your list must be: “How much should I spend on this renovation project?” Well, there is no concrete answer to this because it is dependent on many factors.
If you are planning to stay in your current house for another five years or even more, it would be a good decision to invest what you can afford right now for the kind of appearance and upgrade you are looking to get. But if you see yourself selling your property in the near future, taking a different approach would make more sense. You should focus on getting back the maximum return on whatever you invest in the home renovation. In this blog, we will talk about some of the most popular areas that are upgraded and what’s really worth the time, effort, and money.
The popular belief says that the kitchen is the center of any house and the most important room. Due to this very reason, people also go as far as saying that kitchens sell houses, which cannot be denied. Various researches have proven that an average kitchen remodel tends to pay off more than a high-end renovation. The materials and the areas you choose to upgrade while remodeling your kitchen make a huge difference in how your kitchen looks and how quickly your house sells. By upgrading the cabinets and faucets, along with an aesthetic backdrop, your kitchen remodeling would allow you to have a brand new kitchen and increase the value of your overall house.
If it is the bathroom you are looking to renovate, then you should know that large bathroom remodeling projects such as cabinets and countertops, and other upgrades such as tilework, are more common with high-end projects. In order to keep the investment under control, you should pay attention to certain amenities and features that people notice the most.
Expanding or upgrading the space in your living room, or even knocking down interior walls to make that extra floor pan you need, are some of the common renovations that homeowners indulge in. These kinds of projects tend to create open spaces in your house and make your room appear bigger, and it is popular in newly constructed houses. This renovation hardly affects the value of your house much, but if you wish to live in the same house for the foreseeable future, then it might be a good investment.
Almost one-third of your house’s exterior is taken up by the roofing. This means that apart from keeping out the rain and unwanted particles, it should also look good and aesthetic. Having a basic roof is not going to bring out the wow factor that you are looking for. Nowadays, there are many colors and styles available that can help you give a totally new look to your house’s exterior. Moreover, more than half of the realtors tend to suggest the homeowners invest in a new roof before putting their property in the market.
So, now that you have better knowledge of the subject, you can make a well-informed decision and do what’s best for you and your house.