Home improvement is a big part of being a homeowner. Whether it’s installing a new kitchen, bathroom or deck, there are countless projects that can be done to improve your living space or increase your home’s value. But not all upgrades are created equal. It’s important to choose renovations that will add value to your home and not just cost you money.
To help homeowners figure out what projects may provide the greatest return on investment, the experts at home insurance company Hippo have compiled a list of home improvements that will give you the best bang for your buck. Keep in mind that the amount of resale value your home receives will vary depending on the market and local housing trends, so it’s important to talk with a real estate professional before starting any major renovations.
Hippo experts also suggest determining the total cost of your project before getting started so you can avoid overspending or going into debt. This can be done by pricing out materials, contractor fees and any permit costs that you may incur. Then, determine how much you can reasonably afford to spend on your project and set a budget.
Once you’ve established your budget, you can then start looking at contractors to get estimates. It’s important to find out if your contractor has any previous experience working on home improvement projects and to check their references. It’s also a good idea to ask your friends and neighbors for referrals to contractors they have used in the past and if they were satisfied with their work.
Some projects are less expensive and more convenient than others, so it’s important to do your research before choosing a contractor and committing to a project. For example, adding a new kitchen or upgrading your bathrooms can be relatively inexpensive if you opt for midrange fixtures instead of high-end options. It’s also a great idea to consider adding energy-efficient features like a new insulation system or solar panels as well as updating your windows and doors.
One of the most popular projects for homeowners is converting an extra room into an office or creating a master suite. This type of renovation can increase your home’s resale value and make it more comfortable for you to live in.
Many homeowners also choose to add a backyard kitchen, which can be a fun and convenient way to cook at home. This type of project can be a great addition to your home and can even save you time and money on dining out.
Some homeowners may choose to upgrade their bathrooms by removing bathtubs and shower enclosures in favor of walk-in installations. This can be a very affordable option and can increase your home’s resale and rental value. However, it’s important to consult with a plumber before deciding on this type of renovation. It’s essential to ensure that your plumbing will be able to support the weight of a walk-in tub and that it meets all local building codes and regulations.