Which Home Renovations Are Your Best Investments?
Simply put, there are tons of home renovations that you can spend money on. However, when you compare their returns in terms of increasing the appeal and value of your home, some renovations are better than others. Therefore, if you are trying to renovate your home, the following home renovations are your best investments.
- Bathroom remodel
The bathroom is undoubtedly one of the most important parts of your home. Hence, it doesn’t come as a surprise that the bathroom remodel is one of the best investments for home renovations. When done properly, a bathroom remodel can help you recoup as much as 70% of the investment if you are selling the property. Only a few renovations can offer as much. Remember that this will cost you lots of money and time, but the result is usually worthwhile.
- Windows and doors replacement
The functions of windows and doors are numerous. Apart from securing your home, windows and doors replacement can play a key role in reducing your energy bill and lowering the effect of external weather on your home. After spending money on replacing your windows and doors, you can rest assured of recouping about 90% of the money spent on this project when selling the home.
- Kitchen renovation
Since kitchen remodel involves lots of things, everyone has to consider the particular things they want. For some people, the remodeling may involve giving the kitchen a complete makeover. Other individuals may just want to replace a few old items with newer and better ones. In most cases, your kitchen renovation will include upgrading the cabinets, flooring, and appliances.
- Wooden decking
Another home renovation you can be certain will be a great investment is wooden decking. Overall, your outdoor space attracts most potential buyers; therefore, adding wooden decking to it can boost the value and curb appeal of the home. Although you are likely going to spend over $10,000 on wooden decking for an average-size deck, it will definitely change the look of your home.
It is important to understand that a wooden deck is often difficult to maintain. So, make plans for maintenance before installing it.
- Manufactured stone veneer
Manufactured stone veneer can be a wonderful addition to the exterior of your home. These fake stones have to be installed by a professional. When it is done properly, a manufactured stone veneer will win the heart of potential buyers and any other persons even before entering into your home. You will likely recoup about 95% of your investment after installing this veneer.
- Roof replacement
Everyone sees the roof of any house whether they are going inside it or not. However, no home buyer wants to spend money on roof replacement. Therefore, most home buyers will avoid your house like a plague if its roof requires a replacement. This means that a bad roof will reduce the value of your home.
While the cost of roof replacement will be high, you can recoup around 70% of it. This makes one of the best investments for home renovations.
In a nutshell, the cost of home renovations varies from one place to another. Regardless of your location, the aforementioned home renovations will bring the best returns on investment.