When people start to think about home renovations, they often ask: If I could only renovate one area of my home, what area would that be? What’s the single home renovation I would enjoy most, that would work for my budget, that would add the greatest long-term value to my property?
This is a very important question. Home renovation is a big undertaking with considerable costs and time commitments. False starts or changes in the middle of a project can be very costly. It pays to think everything out ahead of time, to decide on exactly the kind of renovation you want—and to stick to the plan.
Of course, figuring out the best plan for you involves a number of variables. Your budget, the current state of various areas of your home, the size of your family and the unique requirements you have for a living space—these are all important things to factor in.
But there are certain renovations that people generally report being happy with. Here’s a list of what many Americans consider the most useful and valuable home renovations you can make.
The Bathroom – This is actually the clear winner. According to some figures, over three quarters of all renovations in the United States are focused on bathrooms. And why not? People spend quite a bit of time there, and a freshly remodeled bathroom—or an additional new bathrooms—can add definite value and enjoyment to a home.
The Kitchen – This is another popular choice as the kitchen is considered the center of the home. A clean, modern kitchen with a functional design is a pleasure to spend time in. Eat-in kitchens and kitchen islands are especially popular in recent years.
New Siding – A fresh exterior adds that ever-important curb appeal to a home, which increases value. However, new siding is a popular choice even for owners who have no plans to sell.
Doors and Windows – People are often surprised what a different a new door (especially an entry door) or new windows can make. They can also increase heating and cooling efficiency.
Decks and Patios – These additions can potentially add a great deal of function to a home without putting too much strain on the budget.
An Attic Bedroom – Could that dusty attic space actually become a bedroom? In many cases it can, adding a bright and livable space that wasn’t there before.
A Refinished Basement – Many houses have a dank, musty basement just waiting to be renovated. Doing so can be one of the more costly renovations, but most of not all of that investment can be recuperated in terms of market value.
Which Renovation is Right for You?
This is just a list of the most popular and routinely successful home renovations. When it comes to your individual home, the number of possible renovation projects is virtually endless.
Whatever area of the home you decide to renovate, proper planning is essential. Whether you’re going the DIY route or bringing in a professional, it’s a good idea to consult someone who knows home renovations, has done them before, and can advise you on how to stretch your renovation dollar to the max.
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