Home renovations have numerous advantages. Aside from improving the appearance, getting your house updated can boost comfort, offer a more efficient and much healthier living environment, and provide better security. In other words, home renovations can improve one’s quality of life.
If your budget is limited and you like to set priorities, why not consider projects that would add more value to your residential property?
Here are some of the home renovations that pay off most likely:
• Exterior and Interior Paint – Painting is a very profitable and an inexpensive renovation project. Rolling on the new coat of exterior and interior paint may generate a hundred percent or fifty percent return on investment. If you are planning to sell your home, pick neutral shades over the trendy colors that might not appeal to some buyers.
• Bathroom and Kitchen – Home renovations to the bathroom and kitchen are considered as the most lucrative. Bathroom or kitchen facelifts may pay back seventy-five to a hundred percent of the cost, depending on the home renovations you do. Most real estate professionals agree that the homeowners who renovate for selling their home must concentrate on such rooms.
• Heating System – Investing on high quality furnace or heating system might pay off handsomely in the same manner as roof upgrade, installing energy efficient system that generates about fifty to eighty percent payback. If you are worried regarding the cost of replacing the old system you have, bear in mind that such upgrades would make you benefit from immediate reduction in the heating costs and would make your house noticeably healthier and liveable.
• Roof – Replacing the roof shingles may provide fifty to eighty percent rate of return, which is a great margin of profitability. Investing in roof upgrades increase the home’s value and protects you and your family against any issues including water infiltration.
Other Home Renovation Projects You May Consider
Some renovations might have great payback potential including replacing windows, doors or flooring, adding a playroom, finishing the basement, and installing a fireplace. Regardless of home renovation projects you are considering, if you wish to recoup the highest possible cost percentage, take note the work should be done properly and the results should be tasteful. With this in mind, before diving head first with hammer in 1 hand and screwdriver in the other, make your research and never hesitate to seek advice from qualified professionals.
It does not matter what home renovation project you have prioritized. As long as it will improve your home’s value, you can be assured that your investment would be worth it. Just make sure to hire only the best home renovation experts for you to achieve your desired results. However, if you like everything about DIY, you may also you choose the DIY approach. Yet, to avoid some hassles and issues in the long run, always ask for help from the ones who are experienced and skilled to do the job for you.