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Home improvements are a major trend of late, with around 61% of homeowners in the USA embarking on home renovations every year.
If you are one of these homeowners who’s decided to love your home instead of leaving it, or if you’re hoping to make a quick profit on a fixer-upper, read on.
Here’s a rough guide to renovating property like a pro.
Start in the Kitchen
Kitchen upgrades lead the way for improving the value and comfort of any home, but they can get expensive.
The trick to renovating a kitchen effectively is creating the most impact for the least outlay. So, focus on the things that homeowners want. These are:
- Modern, functional cabinets
- Center islands
- Smart appliances
- A neutral color palette
- Ample storage
From a renovating perspective, you can save on these aspects with a coat of paint on walls and cabinets, but increasing your kitchen’s storage is another matter.
As far as you can, avoid ripping down walls to create more space. Adding drawers, pantry cabinets, and open shelves can do the trick just as well at a fraction of the cost.
Open plan living spaces aren’t going out of fashion any time soon. So, if your house has a small, dark kitchen, it’s worth taking down a wall or two to open it up to the dining room and living area.
Rather allocate most of your budget to state-of-the-art appliances, since this is where property buyers see long-term value.
Quick Bathroom Fixes
Modernizing bathrooms is the next most profitable area when you’re modernizing a house. As far as possible leave the plumbing in place.
Rather opt for switching out the faucets, fittings, and flooring to bring an old bathroom into this century. New tile has a major impact and refinishing an old bath is a cost-effective way to achieve a squeaky clean look.
Use Contractors When Necessary
Often property owners can shoot themselves in the foot when attempting advanced DIY renovations. Time-wise, it’s never practical to attempt things like plumbing and construction work yourself.
While most homeowners are capable of installing new light fittings; attempting any electrical work that’s more advanced than that can be dangerous and illegal.
Rather hire a reputable contractor to assist with complex tasks that require specialized skills.
Improving Curb Appeal
It’s no secret that first impressions count when it comes to selling a home. In this realm of renovations, there are plenty of options you can choose from depending on your budget.
Generally, the more you spend the more ROI you’ll enjoy, but a few quick fixes can make a big difference.
Repairs with a high outlay and high ROI include roof replacement, new siding, upgrading garage doors, and driveway repairs. If you have a smaller budget you should consider painting, landscaping, and lighting upgrades.
More About Renovating Property
Your house is one of the biggest investments you’ll ever make, and there are only a few improvements that don’t add value.
You’ll either get more enjoyment from your living spaces or increase the value of your home, so renovating property wisely is a worthwhile endeavor.
Keep reading our blog for more smart investment tips and news.