Home Renovations That Pay Off and Ones That Don't

Written by Posted On Friday, 12 October 2018 14:09

When it comes to remodeling, you must be savvy with your money. There are renovations done for the family to enjoy and then there are those that are solely for bringing a return on the investment. In most cases, the budget is a big concern. So to ensure that you make wise financial decisions when it comes to adding to or taking away from your home, consider these five do’s and don’ts of remodel:


Home Remodeling Do's


The Kitchen

The heart of the home is one of the wisest remodeling tasks. Not only will it increase the value of the abode, but the functionality is a key factor to improving the family life. Focus on cabinets, appliances, fixtures, and countertops. Keep costs down by using the same layout and just upgrading the cosmetic details. When you start extending the square footage, the budget and return on investment increases too.


Add Square Footage

You can never go wrong with adding square footage to your home. While it can be costly to demo old walls, pull permits and add new windows and siding, it’s worth the expense. The more space you have, the better it’s for resale.


Enhance Curb Appeal

Curb appeal is one of the renovations that doesn’t need to break the bank. There are plenty of things that you can do that aren’t costly. You can update the front of your home as much or as little as your budget allows. However, you must keep in mind that your renovations to your exterior have a significant impact. Plant some shrubs, flowers and add a pop of color to a front door to make your home stand out from the rest.


Additional Bathrooms

How many times have you ever heard someone say that they have too many bathrooms? It just doesn’t happen. You can never have too many powder rooms. The more bathrooms, the better your resale. If you have a large family, then you will appreciate the extra loo. However, buyers see these additional blessings as nothing but pure value.


Master Suite

Today’s home buyer is looking for a private master retreat. Having a master bath is almost an essential room for a quick sale. It’s money well spent when you update and add private space for the head of the house.


Home Remodeling Don'ts


Play Rooms

When it comes to poor resale value, adding a playroom or kids’ space is a big no-no. Sure, your children may enjoy the area, but it’s not going to add anything to the home in terms of resale value. Some potential homeowners may see this remodel as a costly mistake that they must correct to accommodate their needs. If you must have a play area, make sure it’s easily changeable, and don’t spend too much money.


Remove Key Components

While removing that fireplace may seem like a great way to add wall space, taking away such a fundamental feature can remove character. Even if it needs to be updated, potential buyers love things that are original to the home. For a new homeowner to come in and add a fireplace is very expensive. Updating doesn't mean to remove key elements of the house.


Swimming Pools

Something is refreshing about a cool dip on a hot day. However, not all homeowners see a pool as a good investment. While there will be some people who are drawn to the water, others will see this as an additional maintenance concern. It’s a good update for a family that doesn’t plan on moving, but you should save your money if you want to sell your home. When you have skin conditions like hidradenitis that you have to find a hidradenitis natural treatment for, then you don't want to spend money frivolously or spend time in chlorine.


Trivial Additions

Sometimes homeowners want to extend a room to give additional square footage. While having additional square feet on that closet is nice, it’s going to do little for your resale value. Unless a space is completely useless without an addition, skip the remodel.


Wine Rooms

Lastly, wine rooms seem to be a trendy space these days. Consequently, you must remember that not everyone will share your passion. Some people may see it as a massive perk while others may feel that this space needs to be gutted and renovated. Believe it or not, not everyone loves a glass of wine.

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