Home renovations not only make your home look better, but they can also help solve problems, make your home flow better, increase the square footage, and most importantly, increase the value.
Certain home improvements can actually increase your home’s value by 65%-85%. That’s an impressive return on investment.
One of the best things about a property upgrade is that even projects with a smaller budget can make a huge impact. From which renovations give you the most bang for your buck to the renovations that just make sense, think of this as your go-to renovation guide.
Think About Your Location
Your location plays a big role in your return on investment. In the Travis County area, for example, the median home value is among the most expensive in the state. This is great news for homeowners.
Living in an area with high home values helps to secure the investment you’re making in your home. Take a look at the other homes on your block. If you’re one of the few that haven’t been updated in years, you can rest easier knowing the market supports any investment you make in your home.
With multiple luxury homes in a certain area, you’ll know that luxury upgrades are what buyers want. You won’t be over-improving your home, which is a common worry for many renovators in other areas.
Home Renovations That Solve a Problem
One of the best ways to get the most out of your home upgrade is to ensure that you’re solving a problem. Let’s say your home has a small, outdated, and cramped kitchen. The layout is hard to work in, it doesn’t flow well for cooking, and entraining is difficult.
You should look at your home renovation like you’re solving a problem. If the renovation helps improve the function of your kitchen, the upgrades are worth the money. The same goes for enlarging rooms, adding bathrooms, and making repairs.
A Property Upgrade That Helps Save Energy
Roofs, windows, and doors are all places where money and resources can escape. During home renovations, give some thought to more energy-efficient changes. Upgrade your roof, windows, doors, and HVAC systems to create a more energy-efficient home.
Energy-efficient laundry machines and kitchen appliances are also smart updates. Any investment you make here will have a great return and also save you money each month on utilities.
Don’t Forget the Outdoors When You Renovate Your Home
Outdoor improvements are among some of the best updates for boosting your home value. Adding wood or composite decks, patios, and garages helps to increase the value of your home as well as your living space.
Outdoor living gives you a ton of extra space to enjoy with family and friends. It’s also great for selling your home when the time comes.
Start Planning Your Home Renovation Today
It’s time to start planning the home remodel of your dreams. Whether your home renovations include a massive addition or renovating a bathroom, we can help you plan and execute your vision.
Fill out the contact form here to get in touch with a local renovation expert today.