What Whole Home Renovation Projects Pay Off?
November 10, 2015
If you aren’t happy with your whole home and you want to add to it with a home addition, there are many ways to make it work. There are a number of areas that you can add on to your house, and there are many different additions that you can design. If you have wondered how to add square footage to your house, it’s time to talk to a contractor about how to get the project started. Ask them how to build an addition to my house. They will tell you exactly how to build on to your house and about how long it will take to get it all done.
The next step is often wondering how to afford an addition on a home. If you have the money saved already, this can be used to finance it. Often, people take out a home improvement loan through their bank. This is money that you are lent based on the amount of quite you have in the house. This can be incredibly helpful in creating that home improvement. Another way to get the financing is to get a home equity line of credit. This would allow you to take the money you need when you need it.
The current housing market is becoming more competitive than ever as home buyers increase their standards and home sellers try to outdo one another with newer home renovation and design ideas. Up to 60% of homeowners are prepared to spend even more this year than those who made home improvements last year. If you’re considering a whole home renovation, here are some tips to get you started.
Bathroom Remodeling Ideas
Potential home buyers are looking more closely at the bathrooms of prospective houses. The National Association of Home Builders found that bathroom remodeling is the most requested job in the United States, accounting for 78% of all home renovations. The return-on-investment (ROI) for bathroom remodeling averages at 63.6%, making it a secure investment for your home remodeling process.
Many families want homes with fully updated and equipped kitchens. Kitchen renovation has become one of the most popular home improvement projects with nearly four out of every ten home improvement dollars going into kitchens. Even the most minor of kitchen remodeling projects have shown an average ROI of 73%. Homes with fully updated kitchens, including the latest energy-saving appliances, increase the overall market value of the home significantly, making it the second most popular home improvement project.
Whole Home Renovation
Focusing on the exterior of your home increases its curb appeal and thereby increase the selling price of the home. Having a home with old, weathered siding can cost homeowners up to 10% of the home’s value. Investing in the actual property with a patio or deck is another way to add value to any home. Homeowners typically build twice as many patios as decks, yet both projects are becoming increasingly popular due to advocates of outdoor living. Whether your investing in your home to sell or just to live in better comfort, these whole home renovation projects are sure to pay off.