Home renovations are great opportunities to increase a property’s value and make its residents happier. However, not all updates are worth the cost, as some might not provide any real value.
As such, it’s essential that you carefully evaluate any home renovation project before you start work. That way, you can determine whether it will bring value to your home or not. Now, this is arguably easier said than done, but here are a few tips to help you out:
Home Renovation Projects That Are Worth the Money
When it comes to renovating your home, these are some of the things you can do that will give you the best ROI:
Garage Door Upgrade
One worthwhile home renovation investment is to replace your garage door. A new garage door can enhance the curb appeal of your home, which will improve the aesthetics of your property as well as increase its value. There are many garage doors to choose from these days, so take your time when picking out an upgrade.
Investing money into a new deck is a smart choice that can pay itself off when you plan to sell. Installing a deck will give you a new space to entertain guests or to lounge outdoors. When planning a deck, come up with unique features such as built-in benches or a fire pit if it’s allowed. Moreover, make sure to use high-quality materials to ensure the lifespan of the deck.
Bathrooms are an essential part of a home. If your bathrooms are outdated, then this is the best time to renovate them. Updated bathrooms will increase your home’s value. You can also consider adding new bathrooms to maximize the returns.
Kitchen renovations can add value to any home. However, be careful when planning a kitchen remodel. It’s crucial to consider the cost of materials versus their value. You should also carefully plan your budget when it comes to buying appliances. They can be expensive, and you might go overboard when you see new ones that you think you need to have.
Home Renovation Projects That Are Not Worth It
In contrast to the home renovation projects that are worth their cost, here are some of the projects that you should not invest in:
Carpets can be unattractive to first-time homebuyers. In general, a lot of people get grossed out by carpeting, and it can also make a room look dated. If you’re thinking of installing a wall-to-wall carpet, you might want to reconsider. Aside from it being expensive, it will not be appealing, especially if you’re planning to sell your property.
As much as swimming pools can be a great feature to any home, some homebuyers would also find them costly due to maintenance and insurance. If you’re thinking about the resale value, adding a swimming pool to your property is not worth it because you won’t be able to recoup the cost.
Home renovation projects can range from minor to overly expensive. Remember, some are not worth the investment, so keep the information above in mind so that you don’t put your money to waste.
When you do find a worthwhile home improvement project, make sure that you find reputable contractors to execute your plans so that you can guarantee quality workmanship and the best return on investment.
SWO Contracting in London can help you with your home renovation projects. Our experts have over 25 years of experience improving homes around the country. Send us a message to see how we can help you.