It will be a smart move to invest in home renovations. It will increase property value. However, not all projects come with the same ROI. If you think renovating any single part of your house will equate to an automatic increase in the value of your entire home, you are making a mistake. Here is an updated list that includes the most cost-effective home remodeling ideas. These will help you hit the ground in the running year!
Increase the Square Footage of your Home in a creative way
Square footage leaves a considerable impact on the value of your condo or home. When buyers start looking for a property, they try to have an idea of the bedrooms, bathrooms, and the square footage they want. The first thing is first. That is why buyers look for the square footage value of the home. Well, it might be possible to increase the square footage if your property is a condominium unit. In that case, you can go for creating more adorable space in your home.
Renovations for condo
Invest in changing the interior floor plan of your property. It will make the property bring the best ROI. This idea is highly impactful if you live in a condo or a gated community where all the other properties com with a similar-looking layout. For example, you can remove the drywall if it stands as a separator between the living room and foyer. It will give your property a more spacious feel. If you want to upgrade an old house on your budget, you can consult a professional home remodeling contractor. Thus, you won’t be altering the actual square footage of your home. However, it will bring a bigger and more open feel to your property.
It will be a smart move to renovate your kitchen. Think about the existing layout of your kitchen. Do you think it feels a bit cramped? Is not the kitchen triangle okay? Want to make necessary changes to make better use of the space? Kitchen remodeling can help. A kitchen renovation will help in replacing the old appliances with the new ones. Also, it will be a great idea if you put your house on the market. You can enjoy a brilliant ROI.
Single-family home renovation ideas
On the other flip, if you want to increase the square footage of your single-family home without facing any building restrictions, you can go for home extensions. You can add a garage, conservatory, room addition, outdoor kitchen, etc. When it is about investing in home renovation to increase the property value, square footage is the focal point to note. It’s the fastest and smartest way to increase property value.
Among the other home remodeling ideas, you can opt for the followings:
- Investing in rental property.
- Focus on energy efficiency
- Outdoor spaces such as a patio, pergola
- Loft conversion etc.
Remember one thing. If you want to get the best possible ROI from your investment, consult the general contractors. They will take the best care of your investment – big or small. They will help you decide where to spend and where to save.