Home renovations are a hot topic these days. More and more homeowners realize the value of upgrading their environment and are working to increase home value renovations. However, before you get started, it’s important to realize that not all renovations offer a high ROI. That’s why we have come up with these top tips to increase home value renovations.
Secure a Reliable Contractor
One of the most essential steps to increasing home value renovations is finding the right contractor. You may need to hire a custom stainless steel fabrication contractor. Regardless, You should always take your time to find a reliable and reputable contractor to avoid shoddy work that reduces your home’s value rather than boost it. So, how do you find a trusted home renovation contractor that is right for the job at hand? The first thing to do is to determine the scope of your renovation project. This allows you to create a more accurate budget and hire a contractor with the required experience. For instance, depending on the parts of your home you want to remodel, you could end up hiring a roof coating contractor.
In any case, you can narrow down your search by asking for referrals from family, friends, and neighbors. You can also check online reviews and get as many quotes as possible to see which contractor is best suited for your budget. However, keep in mind that you get what you pay for, so set reasonable budget limits to avoid compromising on quality. You’ll also never go wrong by choosing a contractor with a high level of experience who’s been in the business for a long time.
Hire a Plumber
In some cases, homeowners can DIY plumbing simple plumbing repairs with a wrench or some tape. However, when doing renovation work, it’s essential to hire a professional licensed plumber who has all the necessary plumbing equipment for difficult projects, such as running new plumbing or adding a shower or bathroom. When hiring a plumber to help increase home value renovations, there are a few things you need to keep in mind. To begin with, you must always work with a state-licensed plumber. You should also hire a local plumber with enough experience under their belt as well as a generally positive reputation. If everything looks good on the plumber’s end, you should then focus on preparing for your plumbing project.
Consider the outcome you want from your plumbing project and sketch a quick plumbing plan to help the plumber know how best to help you. This information will also help the plumber provide you with a more accurate estimation. The good news about hiring a professional and reputable plumber is that they not only provide quality workmanship but they also help you with valuable advice and recommendations. For instance, they can provide you with pipe corrosion prevention tips or advice you on the best plumbing fixtures to buy.
Invest In a Minor Kitchen Remodel
There’s a reason why kitchen remodels have become popular. Even a small kitchen remodel can help you increase home value renovations significantly. If you invest in small kitchen remodel projects such as upgrading your kitchen cabinets or appliances, these improvements have a potentially high ROI and could end up paying for themselves. Unlike major kitchen remodels such as replacing the flooring, sinks, and appliances in one go, minor kitchen updates are more affordable. If you want your minor kitchen upgrade to offer a good ROI, the trick is to figure out which kitchen renovations are more popular and profitable in your neighborhood.
For instance, small home improvement projects with major ROI typically include things like repainting the walls, resurfacing the cabinets, replacing the countertops, and upgrading your light fixtures. It helps to talk to your local real estate agent so that you have a good idea of what buyers are looking for when it comes to kitchen upgrades. This prevents you from investing in kitchen upgrades that could potentially lower the value of your home because the kitchen no longer fits in with other kitchens from homes in your neighborhood. Overall, a small kitchen renovation is a great way to increase the enjoyment of your home, and it also allows you to recoup a significant portion of your investment.
Redo the Living Room
A newly remodeled living room is one of the best ways to achieve your dream home and increase home value renovations. Redoing your living room is also worthwhile because it can help you realize a high return on investment. Again the trick is to capitalize on a living room remodel idea that pays off should you plan to resell your home down the line. One of the top family room renovation ideas is to expand your living room space to make it more spacious and larger than life. If you have a dining room or some other room adjoining the living room, then the easiest way to do this is to remove the interior wall between the two walls if it’s non-load bearing.
Another way to make your living room more spacious is to upgrade your windows and let more natural light inside. If you spend a lot of time in your living room, you’ll appreciate how plenty of natural light can brighten up the space and increase your enjoyment of the environment. You can also transform your living room by choosing a sophisticated color scheme and repainting the walls. The good news is that there is a wide range of color schemes to choose from to suit your style and personality.
Makeover the Bathroom
Besides the kitchen, a bathroom remodel is one of the most popular home renovation projects with a major ROI. There are several tips that can make a bathroom remodel worth your while. One of the top tips is to add more storage to your bathroom. Rather than expanding your bathroom, which can be more costly, you can build niches and recesses to add an extra room to your bathroom. You can even make the space look larger without expanding it by choosing the right color scheme and upgrading your lighting. Usually, the best color palette to use includes neutral colors and plenty of white or light colors. Avoid dark colors as they can make the space seem more compact.
Similarly, a dimly lit bathroom can make the space seem smaller than it really is. So make sure your bathroom has both enough artificial and natural lighting to illuminate the space and allow for easy navigation. If you don’t have a mirror in your bathroom, consider installing one since most homebuyers expect bathroom mirrors to be there, both for a functional purpose and as an aesthetically pleasing design element. Speaking of aesthetics, you should also invest in bathroom accessories to add more character to your bathroom and give it visual appeal.
Add an Extra Space
Looking to add more space to your home? The good news is that there are many ways to increase the square footage of your home without breaking the bank. To begin with, you can enclose a patio by installing walls and a roof so that the patio feels like it’s truly part of your home. Similarly, you can also enclose your porch to achieve the same effect. You can also remodel your garage or finish your basement to increase the square footage of your home. This gives you more space that you can use for various things. For instance, many homeowners renovate their garage so they can convert the space into a fitness center. Others need the extra space for their home office, man cave, or workstation. In any case, adding extra space is always one of the top home improvement projects, whether it involves a bump-out addition, a second story, or some other similar project.
Prevent Accidents
It’s exciting when you work to increase home value renovations, but you also have to keep safety considerations in mind. The last thing you want is to have to deal with an accident or injury that could end up slowing down your projects. One of the top tips for preventing accidents while renovating your home is to work with professionals. Too often, DIY projects carry a high risk of injuries because people often lack the necessary training and tools. So, for instance, if you’re working on repairing or upgrading your HVAC system, even something as simple as duct cleaning can increase the risk of injury if you don’t know what you’re doing.
Before you start renovating your home, make sure you have the right equipment and tools and hire a professional for areas where you don’t have the required expertise. You should also ensure you’re wearing protective clothing such as close-toed shoes, thick gloves, and earplugs when working on various home renovation projects. It’s also important to safeguard against fires and avoid slips and falls that can derail your project and cost you more. You can do this by installing smoke detectors and having an easily accessible fire extinguisher. You should also place non-slip mats on slippery or wet floors and wear shoes with tread.
Switch out the Gutters
When working on ways to increase home value renovations, you should also consider your home’s exterior. One often overlooked area is gutter repair. Your gutter system plays an essential role as part of your roofing system. It directs and controls the flow of water away from your home’s foundation and helps maintain the structural stability of your home. So if your gutters are in disrepair, you should repair them or, better yet, switch out the gutters. There are several benefits to doing this. For starters, and as mentioned, gutter installation prevents damage to your home’s foundation. It prevents flooding and soil erosion from happening around your home since gutters divert rainfall away from your home.
There are many more benefits of gutter installation, such as the prevention of water leaks and water damage. When your gutters are not working properly, water may end up leaking into the attic and creating ugly water stains on your walls. In addition, switching out your gutters is one of the best defenses against termites, mosquitoes, and other pests that threaten to invade your home. When there’s a lot of accumulated moisture in your home, this can attract all sorts of insects and also leads to mold growth.
Calculate the Costs
Before you can work on your home renovations, it’s essential to calculate the total costs involved. After all, the only way you can increase home value renovations is by having a good idea of the budget for the projects and the estimated return on investment. The average cost to renovate your home varies on a lot of factors, such as the cost of rebuilding tools, the square footage of your home, and the type of home renovation projects you’re planning to work on. The best way to determine the overall cost of your home renovation projects is to get free estimates from home remodeling contractors near you. This will give you a comprehensive idea of how much it will cost to improve your home and increase its resale value.
When obtaining estimates from various contractors, keep in mind that although you’re usually encouraged to get three estimates, there’s no limit to the number of estimates you can ask for. When you receive more estimates, you are able to create a more realistic budget. Another tool you can use for this is an online home renovation calculator that keeps you on track budget-wise when planning your remodel.
We hope you enjoyed learning about the top tips to increase home value renovations. If you apply these tips, you’re well on your way to enjoying a nicer home environment. You’ll also benefit from a higher resale value should you plan to sell down the line. This is one of the biggest motivations behind upgrading your home.
When done right, you could potentially sell your home for far more than the purchase price. Even if your property continues to appreciate over the years, you can move the numbers in the right direction by doing small things to improve your abode and increase its appeal on the housing market.