If you own your home, and you’ve been in the property for some time, you just might be considering a remodel of one kind or another. Maybe you just like to watch those remodel shows on television and got the itch to tear down some walls or smash in some tile with a sledgehammer. Whatever the case may be, home renovation and remodeling are a multi-billion dollar business, and there are plenty of good folks right near you who could offer you some great advice on what to do and when to do it. But before you toss your money away too freely, there are some things you might want to know first.
If you’re going to remodel your home, you’re probably like the vast majority of people out there. Most people do things little by little or one room at a time. If that’s the way you’re going to go, you probably want to begin with the place in your house that’s going to bring you your largest return on investment, or ROI.
Either the bathroom or the kitchen are the rooms that typically yield you the biggest ROI. Even a minor kitchen remodel will yield an average ROI of about 82.7% of the total cost. If you intend to sell your property, a kitchen renovation can really and some value to the home. Buyers who see a property with a new kitchen are much more apt to make an offer than if the house had a kitchen that isn’t updated with modern appliances, counters, and cabinets. It’s not a complete home renovation of course, but the kitchen is the most popular room in the house.
Another very popular room in which to make renovations is in the bathroom. The master bathroom, specifically, is the one the owners of the home typically use as their own. Any kind of significant bathroom additions in a home renovation can bring you back roughly 86.4% of your investment.
Sometimes, when renovations are taking place, the process can reveal some deeper problems that the homeowner wasn’t aware of prior to the beginning of the project. These problems can vary, of course, but one thing to watch out for are hidden water leaks. One out of every ten homes has water leaks that are wasting 90 gallons of water per day, every day. This kind of waste can most often be fixed rather easily and future waste can be eliminated. This can save a homeowner thousands of dollars over the course of a year or more.
When it comes to home renovation and home remodeling plans, may people think big and dream even bigger. Finding someone you trust with your renovation is a big step in getting you to your dream of a new home, or at least a new space. Don’t take too big a bite all at once. Tackle one room at a time and enjoy it. It is your home, after all. If you can’t enjoy yourself there, then where can you?