Investing in home remodeling projects is a great way to fall in love with your home again. Renovations can drastically increase your property value, making them a must for anyone who plans to sell their home down the road. However, most people get overwhelmed when working on multiple projects simultaneously. Keep reading to learn how to determine what projects to tackle when working with a professional home improvement company.
Nationwide, most houses need remodeling or improvements because around 80% of homes are at least 20 years old, according to ComfyLiving. Innovations in the past 20 years and updated building codes have made many homes outdated and possibly unsafe. This can hurt your resale value, and you may wind up with a few violations if you're not up to code. Start with outdated areas that impact the safety of your family first.
Homeowners who plan to sell their homes someday should prioritize renovations that increase the property value. Kitchen and bathroom remodels help your home sell faster when you place it on the market. Zillow states that a minor kitchen remodel recoups about 81% while a major one recoups about 54%. Zillow also states that a midrange bathroom remodel offers a 70% return on your investment. Both of these projects are excellent investments! Plus, consider getting your interior painted as well; it offers a 107% return on your investment, per Opendoor.
Individuals working with a home improvement company should consider functionality. Think about the areas of the home that tend to stress you out more than others. For example, if your kitchen feels cramped and makes it difficult for your family to get out the door each morning, remodeling this space is likely in your best interest. Perhaps your kids' bathroom is way too small for a few kids; if this is the case, increasing the square footage of this room can improve your kids' daily routines!
Your budget is crucial when choosing with renovation project you'll start with. Receive estimates from a home remodeling company for projects you want completed. Then, start with projects that fit within your budget and are high priority. Items that are a high priority depend on your current goals. For example, do you want to increase property value or make your home more functional?
Working with a home improvement company is a great way to get started on your remodeling goals. Our experienced team at JB Home Improvement Inc can help you determine where to start. Contact us today to learn more!
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