Home improvement is a great way to enhance the beauty of your house and make it more comfortable. However, it’s essential to know which improvements are worth the investment and which ones will not. This article will help you to choose the best home improvements for your needs and budget.
The most popular home improvement projects include sparkling bathroom overhauls, kitchen remodels, and basement renovations. However, homeowners are only seeing a return on these improvements of about 60%, according to a recent Cost vs. Value report by Zonda Media, a research and analytics firm.
Other factors driving the surge in home remodeling include rock-bottom interest rates, higher housing prices that have freed up equity, and aging homeowners who are financially equipped to pay for home improvements. In addition, many people have found that they are spending more time at home due to the pandemic and want to make their living spaces more livable.
Some home improvement projects are more urgent than others, such as fixing a leaky roof or replacing aging windows. These types of upgrades may not increase the resale value of your home, but they can prevent costly damage and save you money in energy costs.
If you’re planning to sell your home in the future, you should focus on improving the areas that are most attractive to buyers. Some common kitchen and bathroom upgrades that will boost resale value are granite or quartz countertops, stainless steel appliances, and frameless glass shower doors.
Another popular project is adding a deck or patio, which can be an attractive addition to your yard. However, experts recommend avoiding expensive built-in features like pools, which are more of a hassle to maintain than they are worth.
Other less-popular but still worthwhile improvements include converting unused space into a mudroom or home office. Adding extra storage solutions can also help declutter your living space and improve home functionality. Lastly, upgrading your home’s insulation and adding new windows can decrease your energy costs and make your home more attractive to potential buyers.
Choosing the right contractor can make or break your home improvement project. When receiving bids, compare all aspects of the proposal, including price, type of work to be performed, and the contractors’ experience and reputation. Also, make sure the contractor has a license and insurance to protect you in case a worker is injured or the job is not completed on time.
Despite the uncertainty of the housing market, homeowners continue to invest in home improvements. With the right knowledge and careful planning, you can find the perfect home improvement project to fit your lifestyle and budget. However, don’t be fooled by slick advertising or the lure of quick returns on your investment. Instead, prioritize projects that will provide the most value in the long run and will help you enjoy your home even more.