To help homeowners make better choices when it comes to home improvements it is important that they understand the value of the renovation. Not all remodeling done around the home has the same return on investment. It is not always worth sinking large amounts of money into upgrades when you are not thinking about staying in the space for any extended amount of time.
When it comes to the bigger winners in renovations the best investments are in kitchen renovations, finished basements and renovated attics. Any one of these improvement can account for ten to fifteen percent of the total value of your home. Bathroom renovationsare slightly lower at around five to ten percent. The return of investment may not matter much to you if there is a space in your home that you absolutely can’t live within. If you aren’t comfortable in your living room then it won’t matter how much value is added or not added to the home with the new appreciation you will have for the space.
Homeowners love their kitchens. On average kitchen renovations cost around thirty thousand dollars which includes upgrades in flooring, updated appliances, lighting, new cabinets, fresh countertops and the professional resources to make it happen. The thirty thousand dollar budget for kitchen remodeling does not include a full alteration of the floor plan.
If you desire a change in the layout you will add to the expense of the renovation. Added expenses come in to play within the kitchen when homeowners change the footprint as plumbing, electrical and more needs to be considered.
There are many ways that homeowners can afford to hire a professional contractor while saving money. It is crucial that any improvements are high quality. It is possible to pinch pennies on mid-grade materials or find high grade materials in unique places to save within your allotted remodeling budget. Quality, professional craftsmanship outweighs shoddy do it yourself renovations with high quality materials.
Be frugal in other areas rather than skimping on craftsmanship. Professional contractorscan help homeowners as well. Consider the following recommendations:
Shop when you see items on clearance. Flooring and tiles can be mixed and matched to create a unique flair while saving homeowners money. A professional contractor will know how to install it in a manner that really enhances the space.
In a kitchen remodel save money by replacing the cabinet doors instead of opting to buy new cabinets.
I am often asked how different home improvement can change the value of your home. The answer to this question will differ from contractor to contractor. There are a number of renovations that increase the equity of your home however not all of them are as cost effective as others. Home improvements are not all created equally when it comes to the return of investment. Below you will find my top choices for homeowners to minimize the expense while increasing the value in your home.
Brighten Up Your Space: There are a number of ways that a home can be lightened up. Instead of being faced with life in a dull dark home bring light colors to the walls and bring in more natural light to the space. Neutral colors of lighter shades of paint should be implemented throughout the home along with an increase in lighting with dimmers. Colors can be brought to a room in the form of accessories. The pop of color, along with the lighter paint color can really brighten up the spaces within the home.
Real Wood Flooring: If you have some money to spend on your home invest in wood flooring. When buyers come into a home that has quality flooring that has been well cared for they instantly swoon. Wood flooring adds value, warmth and so much character to a space. Don’t skimp on engineered or laminate flooring that looks like wood flooring they affect is never the same. Go for the real deal. Find mixed and match pieces of wood flooring through liquidation sales, salvage yards and such to get the best deal possible. You can stain the floor and dress it up however you want to make it your space.
Enhance the Bath: Little changes in the bathroom can make a big difference. Don’t go overboard as that is when the bathroom renovation expenses soar. Instead opt for a few new fixtures, some lighting changes, fresh paint and new shower caulk and grout. A trendy new mirror and some nice architectural changes really add a lot to the style of the bathroom. These minimal updates can really impact the perception of the bathroom space without costing homeowners an arm and a leg.
When doing renovations to your home it is important that the work is done by a professional specializing in that area of home improvement. The quality of the work that is done is just as important if not more important than any other aspect of the remodel.