Home remodeling improvements can provide a significant boost in improving both your living space as well as the value of your home. It can often make your home more energy efficient while making it more comfortable and attractive.
Many folks plan remodeling projects for their homes to raise the comfort level but it is also a popular choice if you plan to sell your home and wish to increase the market value. Remodeling your home may be an overwhelming task if you are not quite sure where to begin. We will point out some tips here to start you in the right direction.
Planning Your Home Remodeling Budget
When considering making any major improvements to your home, you should first think of your budget. Even before you decide what you wish to change, you should decide how much you can afford to spend. Next you can choose how you plan to finance the project. Home improvements may be quite an endeavor for the average home owner, but if your have budget in mind, it will at least give you some guidelines for maintaining costs. In my experience both as a builder and end user, unexpected costs may arise and you must be equipped financially for these possible delays.
Where to Start
The kitchen and bathroom areas are the two main parts of the house that usually reveal the age of a house more than the areas do. For this reason, they are among the most popular home remodeling projects. Many advances in comfort and energy efficiency have come in recent years. Taking advantage of these can increases the value and overall look of your home whether you are renovating for your own comfort or selling your home.
Kitchens have become more of a gathering area for entertaining and the shift has been for people to spend more time in the kitchen. It has been found that most people choose to move into a house that does not require renovating. This is an important consideration if you are planning to sell your home in the coming months. A recently remodeled home can be easier to sell and the increased value will generally return more than the cost of renovations.
Renovating Your Kitchen
A kitchen renovation can make the most striking impact on the general appearance of your house but often involves many decisions because of all the various components. Most projects of this type usually require electrical and plumbing work, so it may not be an ideal do-it-yourself project, without extensive knowledge and experience. Kitchen remodeling can be a large undertaking, consisting of choosing cabinetry and flooring as well as finding the right appliances and fixtures that will match your lifestyle and financial budget.
Bathrooms are another popular home remodeling project, but like kitchens, they usually involve decisions on new cabinetry, fixtures, and flooring. Bathrooms are usually easier to estimate, providing you are not getting into complicated changes that affect the water pipes or sewage lines. Bathroom remodeling or kitchen remodeling can add to your home’s comfort and enjoyment, as well as raise the value of the house.
Is it Worth Remodeling?
It has been my experience that dollar for dollar, a well remodeled kitchen or bathroom will often yield two to three times the increase in value relative to what was spent on the project. These two areas of the house in particular seem to reflect the increase in value more than other areas. That is why I usually recommend your remodeling dollars should be spent there first. Even if you are not planning to sell your home anytime soon, you will most certainly reap the benefits from additional comfort, energy savings and a general sense of pride.