When it comes to home renovation projects, they generally fall into two camps. On the one hand are the renovations that you simply want – they are the things that help to turn your house into your home. These are often decorative renovations like a landscaped yard or a new color scheme for the lounge.
Other renovations are more practical, and can add value to your home. This could be installing a CCTV system for added security, or having a new asphalt driveway laid down.
Of course there’s also a fair amount of crossover between the two, and whilst you do it because you like it, it also can increase the value of your home.
Here are just a few of the renovation projects that, we think, tick both boxes. They are going to improve your house as somewhere to live in comfortably first and foremost – whilst also have a positive effect on the overall value of your home.
Installing a Deck
The outdoor space of your home is extremely important. For you, it should be considered as one of the rooms of your house – which, if you look after it and build a pleasant outdoor living space, it can certainly be.
If you are selling your home, the yard can really sell a house to its new buyers – or it can quickly scare them off!
Either way, decking can be a great investment. It provides a focal point for a backyard, and it can be both highly stylized and decorated or it can be a blank slate. Either way, it’s a cool way to flex your creative muscles and create an amazing yard that you will want to spend time in. Make sure you find the right people to do your deck, and you are all set.
A New Kitchen
The kitchen is one of the most important rooms in your home, and in more ways than one.
If you are looking to sell, it is the room that potential buyers make a beeline for during open houses. A lot of people make a snap judgment on the whole house dependent on what they see in the kitchen – so it’d better be good or it is going to make selling that much harder.
When you are living in your home, we don’t need to tell you how important this room can be. In today’s busy world, the kitchen can often be the only room everyone comes together in – even if to grab a quick weekday breakfast or a long, Sunday meal.
It is a room that can connect people and provide quality, family time. So don’t underestimate it.
One of the benefits of a bathroom upgrade is that it is usually one of the smaller rooms in the home. In addition to that, if you think about it, the bathroom actually doesn’t have that much furniture in it, does it? Just a toilet, a sink and a shower cubicle and/or bath – everything else is essentially extras, like cabinets, towel rails, etc.
So that means that when you invest money in the bathroom, your dollar is stretched further, as it needs to cover less material.
Another great thing about a bathroom upgrade is the fact that by improving this room, you can really improve the livability of your home. A nice bathroom with clean lines, uncluttered surfaces and a deep, inviting tub can provide an oasis of calm.
Plus it almost pays for itself! According to a report from Bloomberg News, the average bathroom upgrade costs around $10,000, but over 60% of that will be recouped in added value to your home.
Everyone will have their own reasons for wanting the home renovations they perform. Unless you are on the verge of selling up, you probably shouldn’t do them for purely financial reasons. At the same time, if you can choose projects, like those above that also increase the value of your home or make it easier to sell, then this is a worthwhile thing to do.