Every homeowner has considered home improvement at some point. Simply put, it’s a normal part of owning a home. Not only that, but it can completely change your life. For instance, home upgrades can make living more enjoyable and they can increase your property value. But, organizing a home improvement project is no easy feat. You need to gain as much knowledge as you can, find the right contractors, and prepare your family for change.
Read on to discover the benefits of renovating your home and decide whether it’s time to schedule your next project.
Increases Property Value
One of the greatest advantages of home upgrades is that they have the potential to increase your property value. Whether it’s a bathroom remodel or a roof replacement, home improvement projects boost aesthetics, comfort, and safety. As a result, they make the household more appealing to buyers. This usually means you will be able to sell the home faster – and for more money — when time comes.
Have in mind that not all home upgrades are made equal. For example, kitchen and bathroom remodels typically have higher return on investment (ROI) than a bedroom makeover. However, the ROI will also depend on the area you live in. So, if you want to discover which projects are the most profitable for you, research the trends in your neighborhood, and consult local contractors and realtors. The 2022 Cost vs Value Report by Zonda is also a good resource, providing national and regional average ROI’s for 22 different remodeling projects.
Improves Safety & Comfort
The next big advantage of upgrading your home is improving safety and comfort. Windows, doors, shingles, all of these require regular care. On top of that, they have limited lifespans. Once they start reaching their limit, their functionality will drop and so will your home’s safety and comfort.
A home improvement project is a great opportunity to boost these areas of your life. To enhance comfort and safety even more, install energy efficient windows and doors, higher quality flooring, modern insulation, and durable roofing.
You can also use this opportunity to make your home eco-friendlier. Choose Energy Star-rated windows, doors, appliances, and more to reduce your energy bills and to contribute to a greener future.
Opportunity to Fix Serious Issues
Homes are extremely vulnerable, especially if one doesn’t take care of them properly. After all, they are mostly made of natural materials. That’s why homeowners protect their households by fixing issues early on. However, it’s not uncommon for problems to go undetected or ignored. In this case, they usually evolve into something bigger and more complicated.
But, with a home upgrade, you can address all those serious issues your household has. This includes asbestos, mold, high humidity, damaged foundation, cracked roofing, etc. To make the most out of this, discuss a thorough inspection with your contractor before the home improvement project starts.
Opportunity to Expand
Another key benefit of home upgrades is that they allow you to expand your livable space. You can opt for a home addition or a conversion to add more rooms to your home. Basement and attic conversions are especially popular as they are a more affordable way to expand.
But you won’t go wrong no matter which you choose! Besides providing more freedom and comfort, your extra livable space can also become a source of income. If this idea sparks an interest, check local codes and regulations to discover whether you can rent out your home addition or other areas in your house.
In conclusion, having a clear vision, wise budgeting and learning about different types of materials are a few of the ways to guarantee the success of your project. However, the most important thing is to choose a contractor you can trust and rely on. Nothing will go wrong if you have the right people by your side!
