With the real estate market in a state of flux across the country, many homeowners have chosen to move forward with ideas for improving current homes rather than sell a home and move into a different one. Increasingly, people are enhancing their homes to improve their living environments, all while improving the value of their best-appreciating asset.
Doing It “Right”
Advantages of re-purposing your home are many, but you need to plan your project sensibly. While many homeowners choose the home improvement super-center as their choice to plan and select items for renovation, it may be more cost effective in the long run to hire a professional contractor to take on your project. The reasons for this are many including increased time-line to completion, in-depth knowledge of products, and, most importantly, quality. While updating your home is sure to improve resale, no one wants to purchase a home that was someone else’s practice. Talking about and planning a project with someone who understands construction and the scope of your project will make a world of difference with the final result!
Before you begin on a home remodeling project, there are some standard costs that you need to be aware of that are associated with areas of remodeling work. For example, it shouldn’t come as a surprise that a kitchen is typically 10 times more as expensive as finishing a lower level of a home and that adding or moving plumbing will add to the cost of a project. That said, well planned remodeling can bring about an 85% return on investment. Plus, you have the chance to enjoy it before (and if) you decide to sell your property.
Another option to refresh your home living environment, instead of engaging in a significant remodel, is to re-purpose areas of your home. A good example of re-purposing is updating a patio or deck area. By adding a pergola, a new outdoor grill and patio furniture, you refresh the look and feel of the space for very little investment. Adding some landscaping in terms of flowerbeds or in large decorative pots provides a finishing touch.
Also, never discount a fresh coat of paint – both inside and on the outside of your home. Most paint companies and large hardware stores offer computerized paint pallets, giving you a wide variety of main and accent colors from which to choose. There is nothing more visually appealing that a new coat of paint! Plus the price, as related to an extensive remodel, cannot be beat. The right external paint color with complimentary trim and a pop of color on the front door increases your home’s curb appeal! Painting a bedroom, then adding fresh linens and window treatments gives the same wow factor. The right changes can make your home more enjoyable and create an exciting new look for your property.