10 Home Renovations That Offer the Best (and Worst) Return on Investment’
House renovations have many benefits, but there are also some not so nice things that come with it. For instance, expect it to be noisy, messy and if you don’t work on your budget well, it could be costly too. However, some of the pros that you can gain from this are having a more appealing home, a style that suits your present taste, more organized and spacious rooms, energy efficiency and more.
There are different things to put into consideration before embarking on a home renovation. One of the most important things to consider is the budget. Renovations can reach hundreds of thousands if you don’t decide on a budget right from the start. Make sure that everything falls under your budget to avoid financial constraints after the makeover.
Planning is also vital. Take time to plan for even the smallest details to ensure that you love the result. Remember, making changes to the design and setup would be easier on paper rather than making changes when the renovations have already been made. Plus, this would be added time and cost too.
Make sure that you are only dealing with professional and trusted contractors. Do your research and ask around to know your best options. The amount that would be returned to you in this home renovation investment is also another consideration, to determine if it’s worth it or not. This is important, especially if you are planning to put your house up for sale in the future.
For example, you may want to have an additional bathroom in your property because you think that it would be more marketable. While it’s true that more potential buyers would like it, you would only probably get half of the money you invested in return.
To help you decide which renovations to push through or not, we created an infographic showing various house renovations and their return on investment.
Be enlightened with the illustration below: