Moving into your new home? If you have a fixer-upper in your hands, you may be pretty excited at the renovation possibilities waiting for you once you move in. There’s nothing like being able to put your own personal stamp on your home, especially if by doing so, you make these spaces look better and increase the value of your home at the same time. If you are planning on making some changes to your new home once you move in, whether big or small, here are some ideas to get you started.
Front Door Replacement
This project will barely make a dent in your renovation budget but can give you up to 90% return on costs. A new door painted in fresh, crisp white or any vibrant color is an instant boost to your curb appeal. Popular options for 2017 include doors with stone veneers and secure steel doors. If you have any DIY experience you can easily install one yourself or have a professional do the installation for you.
If you are moving into a house with drab and tacky wall-to-wall carpeting, you can switch to hardwood for a classier look and projected returns on renovation costs for up to 91%. Do not spring for laminate or engineered wood options since these are not as hardy as the real thing and therefore will not last long. Oak is a favorite among many home buyers, which can be a big advantage if you want to keep your resale options open. Hardwood floor replacements are not for every home, however. They are suitable for flooring that are cost-effective to replace, such as vinyl flooring or carpeting. Stone or tile flooring, for example, give character to any room and are costlier to replace so you may be better off doing renovations in other areas of the house.
Minor Kitchen Remodel
If you are already living in the house, you can still give your kitchen a decent makeover. A basic renovation with kitchen resurfacing, replacement of countertops and cabinet doors and installation of energy-efficient appliances can give your kitchen a total facelift in a matter of days. This is ideal if your kitchen has outdated appliances and you want to make exterior changes that will not require too much time.
Traditional windows are notoriously bad at temperature regulation and they may have lost their visual appeal years ago. If your new home stills sports drafty single-pane windows, it is time to make the switch to energy-efficient panels that are lighter, easier on the eyes, and designed to increase your home’s energy efficiency. Energy Star-rated windows can save up to $500 in heating costs annually. With the installation of energy efficient window panels, you can expect to recoup costs by up to 90%.
Bathroom Remodel or Addition
The number of bathrooms in a house figures significantly in its value. This is why a bathroom remodel or addition is a great idea if you want to increase your home value and recoup a large portion of the costs down the road. According to HGTV, homeowners can recoup up to 130% of costs with a single bathroom addition. Bathroom additions are perfect if you have extra rooms or extra spaces that are large enough for a simple bathroom or half-bath, which requires at least 18 square feet of space. Wary about costs ballooning out of control? You can opt for generic bathroom fixtures and accessories to avoid spending too much on this project.
Deck additions are a great option especially if your family is already living in the house. Since this is an outdoor project, there is minimal interference with daily activities done indoors. Deck additions make your yard more appealing and utilize otherwise unused and wasted space. And with more and more families opting for staycations, having a deck makes your home the perfect place to unwind, relax,and even entertain friends during the holidays. According to HGTV, homeowners who opt for a deck in the backyard can recoup their building costs by up to 90%. The good thing is that costs can vary widely depending on the size of the space, the type of deck you want and the kind of materials you need. Installing a deck, therefore, does not automatically mean that this project is going to burn a hole through your wallet. Homeowners with DIY experience can save on costs by building parts or the entire deck themselves. You can also pair up with a professional if you want to cut on the construction costs if you are not too confident about doing the entire work yourself.
Home renovations can be fun and exciting. They can also be financially practical, given that you can increase your house’s resale value with each project. Start with these ideas today and see how each of these can transform your home.