Home Renovations That Pay Off In The Long Run
Here are some major renovations that really pay off your investment in the long term. Keep reading!
Any homeowner who embarks on home renovation faces a dilemma: Whether the money will pay off in the long run? There is no right way to know this since what the home buyer is willing to pay depends on several factors ranging from the materials you have used to the choice of the renovation project and the other homes in your neighborhood. However, it is important to have an idea of what the improvements might be worth. In case you want to live in the home for longer and are willing to invest more, you need to consider which renovations are worth the extra investment. Here’s a guide to help you avoid unpleasant surprises while you are renovating the space.
Kitchen
Kitchen remodeling remains at the top of the list for increasing the return on your investment. This is because the kitchen is the heart of your home and it can easily look outdated if you do not maintain it well. They are also the priciest fixes in the home. If you want to sell your house, someone will check the kitchen first and if they walk into an outdated kitchen, they will immediately think of the renovation costs. The idea is to renovate the kitchen in such a way that it looks updated and still has a timeless charm to it. Look for a granite or marble countertop and stick to classic designs. An intricate or very modern design may not look the same in 10 years or more. It is possible to upgrade an average kitchen for less than $20,000 with paint, countertops, and a few new appliances. It is possible to do it for less than that too. You need to think of timeless kitchen renovations because you want to make your kitchen look up-to-date while also increasing the return on your investment.
Roof
One of the most important aspects of your home is the roof. If the roof isn’t in the right condition, it can bring in a lot of trouble. Rain or shine, the roof will protect you from it, and even if you do not intend to sell the home anytime in the future, you need to ensure that the roof is in the best condition. It is advisable to take a good look at the roof before the onset of monsoon, ideally in summer, so that if it needs any work, you can get it done before it starts to pour. Any home buyer will be keen to take a look at the roof’s condition and if it isn’t in a good condition, they will factor in the cost of roof replacement. The experts at Ocala residential roof replacement state, “The cost of full roof replacement can range anywhere from $7,000 to $70,000, depending on the type, roof area, and materials you choose”. If you have a limited budget for renovation, focus on the roof first.
Bathrooms
After you have got the roof and kitchen out of the way, focus on the bathroom. Just like kitchens, think of a timeless style but use modern bathroom fixtures. You will also need to upgrade things like a showerhead to give it a completely modern look. Many are inexpensive fixes that can change the way your bathroom looks. A new tub could be slightly pricier but it can transform the space. Besides the tub, you can focus on updating the sink and the counter space. Even the cabinets could be easily updated with new hardware. This is not a very costly renovation but if you can make the bathroom look as good as new, it will pay off.
Front door and the garage door
You can instantly increase the home’s value by getting a new front door. It is a very popular and inexpensive fix to have. Get a new door which could cost you around $2,000 or just update the door with fresh paint and add new hardware for a small cost. If you have a garage, update the garage door as well and see a higher value on your home.
There are many reasons why you could be thinking about renovating the home. One solid reason is when you do not like something about the home and want to change it. Another reason for renovating could be because you are thinking of selling it at some point in time. No matter the reason behind home renovations, updating the home will increase its appeal and market value. Some repairs are minor and do not need a lot of time and money. Even if you do not want to sell the home anytime in the future, it will help upgrade your lifestyle. Set a budget and stick to it so that you do not overspend on home renovations.
