Home improvement is one of the biggest domestic endeavors a homeowner can take on. People remodel their homes for many reasons, including adding value, making a house more liveable, and getting the most out of their living space. No matter what you’re looking to achieve with your home renovation, you should start by assessing your goals. You can do this by building a budget, researching costs and potential ROI, and finding out what the most popular projects are in your area.
Whether you’re a Fixer Upper or This Old House fan, there are no shortage of television shows about home improvement and DIY upgrades. However, while TV may make the process look fun and easy, it’s important to consider the impact of your home improvements on your home’s value. You should also consider your insurance needs as you upgrade your house.
How to Choose the Right Home Improvements
The best home improvements typically add functionality or square footage, according to real estate experts. They should be well-designed and complement the rest of your home. For example, a new deck is not likely to add much value to your home if it looks like a brand-new addition. Conversely, a kitchen that’s updated with top-of-the-line appliances and finishes is more likely to increase your home’s resale value. However, if your upgrade is too luxurious for your neighborhood, it could actually decrease your home’s value. The best way to gauge how a renovation will affect your home’s value is to consult a real estate expert before you pick up the hammer.