3 Renovations that Increase the Value of Your Home

Renovation

Buying your first home is a milestone event and often the most expensive purchase anyone makes in their life. It’s understandable then that you would want to properly invest in your property and make sure that its value only goes up as time passes. It’s also understandable that you want your home to be a reflection of you and your tastes, as well as the perfect safe haven for you to retreat to at the end of a long day. 

Enter the home renovation projects.

Home renovations can dramatically change how your home looks and feels, but they’re often quite costly. You may consider having rehab loans if you need creative options for investing. If you’re going to spend that much money into your home, it’s best to know what kind of return you’ll see from it down the road. You can also consider a home equity line of credit (HELOC) from a loan provider like Prosper where you can access a variety of things including home improvements or renovations. You may be able to access more money at lower interest rates

If any of your renovation projects will affect the wiring or electrical system in your home, it’s best to hire an electrician to help you with the rewiring and other electrical work. You can visit sites like https://aardvark-electric.com/ to find more details.

Before starting any renovation project, it would be wise to get a dumpster rental to prepare for the waste management and disposal. Even minor construction can produce a lot of trash.

Here are the three renovation projects to tackle that will increase the value of your home.

1. The kitchen

The kitchen is the heart of any home. It’s where the family comes together to cook, eat and talk, and it’s the main room when you entertain guests for dinner or drinks. The kitchen is said to be the room in which you and your family spend the most time in, so why settle for a design you don’t like? 

Kitchen renovations can be on the expensive side, but they add a whopping $50-$60,000 value to your home. There are ways you can update your kitchen if you’re on more of a budget, like, for example, assembling a flat pack kitchen. If you’re on a really tight budget, you can make some minor upgrades that go a long way. Upgrade your appliances, swap out your light fixture, or throw a fresh coat of paint on the walls or cabinets for a quick refresh that still adds some value to your home. 

2. The bathrooms

Bathrooms are another expensive renovation project, but the results from this Chicago home remodeler are well worth the investment. If you’re planning to renovate in order to sell your home in the near future, it’s important to realise that potential buyers scrutinise the bathrooms and kitchen the most, so updating these two rooms is a good place to start. 

Working with a professional contracting company like NuDesign bathroom renovations will allow you to incorporate your design ideas into your current space. Again, if your renovation budget is minimal, you can always just do a deep clean, update the light fixture or add a new mirror, or get a Tile Grout Cleaning Service for your bathroom tiles. 

3. The backyard

The latest hot commodity in property is having an outdoor space to congregate. Think of it like an outdoor living room but with more greenery. An impressive deck that’s furnished with inviting patio furniture looking onwards to a well-manicured lawn and garden is a key selling feature in real estate, so make sure to have a deck repair and well drilling before putting up your property on sale. Knowing the garden is modernised and well-taken care of is also enticing to buyers because it means they won’t have to do all that landscaping and building themselves and can immediately enjoy their outdoor amenities. 

If a new deck isn’t in the budget, landscaping goes a long way. There are lots of projects you can DIY if you’re handy, and they usually take a day or a weekend at most to complete.