If you are planning on increasing the value of your home, you need to consider investing in it. This can happen with a good home renovation. Typically, adding value to a home doesn’t come easy and requires planning. A home renovation plan that can add value to your home includes what will and what will not be a good investment of your time and money.
According to some reputable sources, if the home renovation plan is to be successful, it must increase the value of your home by a minimum of 50%. While this may seem like an unreasonable percentage, you must remember you are not only putting money into the renovation you are also spending precious time and energy on the project. This is valid whether you are a do-it-yourselfer or decide to hire a company to do it for you. A home renovation that will add value to your home is only a good investment if it offers a solid return.
What Rooms to Renovate
Before you sit down and plan your renovation, it is important you have an understanding of what improvements will and will not add value to your home. In almost any home, there are two rooms that with improvement may increase the value of your home tremendously. These include the kitchen and the bathroom. These two rooms get the most attention and provide the greatest return for any investment of your money. Once you are aware of this, you can look at ways through which a home renovation plan focusing on one or both of these rooms can add value to your home.
What Types of Home Renovations Can Add Value to Your Home?
There are essentially two basic types of renovations. One involves major work, such as gutting the interior, and the other types are less drastic. They may be simply cosmetic or can be more complex. In any home renovation plan that can add value to your home, these are the most profitable:
• Kitchen: Improve or remodel it. This can include simple things such as the replacement of countertops and cupboards.
• Bathroom: Remodel or update/improve it. Consider replacing the countertops and the shelving as well as any cabinets.
• Inexpensive Improvements: This includes such things as painting, new wallpaper, and new rugs.
• Entrances, Openings, and Exits: Look at refreshing walking around the home by installing new doors or windows.
• Energy Efficient Appliances: This is particularly helpful if you can receive some form of rebate.
When it comes to deciding on a home renovations plan that can add value to your home, you need to consider what room and what projects will be the most effective. Think first about what you want to accomplish. When you are certain, talk to professionals in the field about the potential costs and risks of your plan. If the overall plan seems to indeed be capable of adding value to your home, arrange for the financing and prepare for renovation mayhem.
If you are interested in the business of renovations, why not talk to the professionals at Granite Transformations. They will provide you with a unique way to get in on the ground floor of the booming renovation business.
