Homeowners spend thousands of dollars on home renovations and remodeling every year. That’s a big chunk of change to spend on your house, but remodeling a home provides more than just the benefit of an updated house.
In fact, if you remodel the right areas of your home, you can easily make back the money you spent, and more.
But why is home remodeling such a good investment? What remodeling projects will increase the value of your home and save you money?
Keep reading to find out!
1. Boost Resale Value
If you’re thinking of selling your home in the near (or even distant) future, remodeling is a major way to increase resale value. Investing a few thousand dollars in your home will pay for itself and then some.
For example, if you have an old kitchen with outdated cabinets and appliances, people will look at the house, as a whole, a lot less favorably. That means fewer offers and lower offers on your home.
By simply repainting your kitchen and updating the cabinets and appliances, potential buyers will look at your home as newer and be willing to pay a lot more.
You can make simple remodeling updates on a budget that’ll increase your home value, too. For example, simply changing the paint color to something more contemporary and in-style, people will be a lot more excited to make an offer on your home.
2. Improve Curb Appeal
Curb appeal is a significant component of home value because it’s the first thing people notice about your house. We all know how important first impressions are, and you want people to have a positive impact when driving up to your home.
But what changes should you make to the exterior of your home to improve curb appeal and increase home value?
First off, make sure the exterior of the house itself looks like it’s in good shape. If you have paint chipping off or broken roof tiles, it’ll give people the impression that your house is old and beat up.
Then, you can consider adding a nice path to your front door from the sidewalk. This will make the front of your house look bigger and more put-together. If you have a front porch, add cute furniture to make it look more welcoming and comfy.
And finally, adding flowers and other plants can brighten up your house. It’s an inexpensive way to add an extra dimension to the exterior of your home and will give people a more favorable impression of your house.
3. Home Maintenance
Having issues with things like plumbing, the foundation, and airflow can bring down the value of your home. Not only that, but it can cause you issues in day-to-day life that will cost you money.
Remodeling a home doesn’t just mean changing the appearance. It also means updating the bones of your house so that things work better.
If you’re trying to sell your house and a potential buyer sees rusting pipes or notices weak spots in the foundation, they will probably lose interest. People don’t want to spend a fortune on a home that needs a ton of repairs.
4. Expanding the Space
Nothing can increase the value of a home like expanding the home itself. If you have land, you can use and build an additional room or outdoor area; you can boost your home value.
For this project, consider hiring a home addition & home remodeling, contractor. They can tell you what your best options are and what will boost your home value the most.
If you’re thinking of expanding your home, but you’re unsure what to do with the space, consider what buyers are looking for.
For example, if you have an undersized master bedroom, you could just add onto it to make it roomier and more comfortable.
If you want to add an addition that’ll pique a potential buyer’s interest, consider adding a sunroom. Then, add in some outdoor furniture and plants to bring it to life.
5. Make Your Home Energy-Efficient
If you’re living in your forever home and are still unsure how remodeling can save you money in the long run, this one’s for you.
You can remodel your home to be more energy efficient, which will save you a ton of money on your energy bill.
For example, you can add insulation to your windows to keep your home warm in the winter and cool in the summer without blasting the a/c all day.
6. Create a Home You Never Want to Leave
Have you ever lived somewhere that you just hated spending time in? Everyone has been there. You’ll do anything to get out of the house because it just doesn’t feel right when you’re there.
But by living in a home you actually love, you can save a ton of money. Instead of going out to eat, you’ll want to cook in your newly remodeled kitchen. Instead of going to the movies, you’ll feel much more comfortable in your updated living room watching Netflix.
These might sound like small ways to save money, but it can add up over time. So take a hard look at your home and decide where it can be improved.
Then, think of ways within your budget that’ll make it feel more like a place you enjoy living in.
Get Started on Home Remodeling!
There should be no doubt in your mind that home remodeling pays for itself by increasing your home’s value and saving you money.
So what are you waiting for? Get started on home remodeling and create the home you want to live in for years to come.
Looking for some DIY tips to remodel your home? Check out our blog page today for more helpful tips!