Interior Home Renovations that Add Value to Your Home
Interior Home renovations can be expensive and time consuming, so it’s natural that as the homeowner, you’ll want to one day recoup the investment. Renovations should definitely be done based upon need before cosmetic updates, however, the good news is that no matter what updates you choose to make to your home, when it comes time to have it evaluated or sold, nearly all of your renovations will give you back more than 70% of the money you put into them. Here are three interior home renovations that will give you the most return on investment.
There are two types of kitchen remodels: major and minor. If you change the footprint of your kitchen in order to make it larger, then you are doing a major remodel; anything else is a minor remodel. Don’t let the name fool you though, because minor remodels, which can and often do include changing the cabinets, countertops, and appliances, generally have a better return on investment than major remodels do.
You can also perform major or minor remodels on bathrooms with the same criteria as kitchens, but again, a minor remodel generally has a much better return at resale, sometimes over 100%. Not that anyone would say no to a larger bathroom, especially in the master bedroom.
As the world moves closer toward ever greater energy efficiency, it’s no surprise that homeowners and potential buyers are interested in making their homes as energy efficient as possible. Adding insulation to your home is a pretty painless way to add value, not only for future resale, but during your time in the home as well. Insulation is meant to keep your home cool in the summer and warm in the winter, and it will help keep your energy bills down through the years.
Every homeowner wants to increase the value of their homes through the years, and be sure of getting back some of their investment back when it comes time to sell, but it’s also important to do things that will bring comfort to you down the line, and to do thorough research into what are the best investments for you. If you are considering home renovations and have questions about where to start, contact Liberty Builders today.