A lot of people decide to renovate their homes, but some out there wonder whether the task is worth doing at all. Deciding whether or not renovations are a waste of money all comes down to the type of work being done and the reasons they’re being done. One way to answer this is to decide whether the renovation would improve the value of your home. If this is the sole reason of the renovation, then it is worth it if it will bring it up more than what you’re going to spend. On the other hand, if your sole reason is to renovate your home for higher quality of living, then only you can determine if it was a great investment. Sometimes, adding a swimming pool or a bedroom can make your lifestyle better, which in the end could be well-worth it.
Getting Your Home Evaluated
For the homeowners who are looking to increase the value of their properties, it is a good idea to have your home evaluated by an inspector. This will allow you to determine the actual value of your home and what your property’s value would rise to if you were to make the renovations that you wanted to make. You can also compare the renovations that you want to make to the new homes that are being constructed. How would your home compare with the new remodeling work? If you’re planning to sell your home, this will be very important because you will be competing with new construction homes.
How Much is Too Much?
When remodeling your home, it’s important that you ensure that you don’t overspend. As a rule of thumb, you shouldn’t be spending over 15% to 25% of your property’s value, if you plant to live there for the next five years or longer. On the other hand, if you’re planning to sell the home after the remodeling work is done, then you will want to spend less than that. Keep your budget in mind while planning out your home remodel project.
What Areas to Renovate?
You have a variety of areas, inside and outside, of your home that you can renovate. There’s the bathrooms, living areas, backyard, front yard and the bedrooms. You can even make additions to your property, such as more rooms, garage, attic, second floor, swimming pool, deck, patio, etc. Which would be the best investment for your home? For most, the bathrooms and kitchen are the best areas to start. These are rooms that grab potential buyer’s attention the most. These are the safest and smartest investments that you can make to your home.
What Would be a Bad Investment?
As noted, there are good investments, so what would be considered a bad investment? You want to stay away from remodeling that can be outdated, such as with the floor finishings. Stay away from extravagant floor finishings because they are constantly trending. However, adding new lighting and floors to your home would give it flair.
Need to have your home remodeled? Then call the licensed contractors at CA Green Remodeling today!