What Homeowners Should Know Before Planning a Renovation

Renovations can do wonders for your property value. Of course, to get the most out of your investment, you must plan ahead. Use the following tips to create a new home design that suits your needs.

Transform Your Bedroom

Well-designed bedroom renovations offer the best returns on investment, as you can add up to $120,000 to the property value with a well-designed master suite. To maximize your ROI, consider the following changes:

  • New flooring
  • Adding an on-suite
  • Update the lighting
  • Store Belongings for Minimal Mess

Contractors need room to work, so you’ll have to clear out any rooms slated for renovation. If you have large furniture, you may need to rent storage space until the remodeling is done. For easy moving, try taking the furniture apart beforehand. Make sure you store all the screws, nuts, and bolts in a plastic container so that they don’t get lost. If you’ve never tried self-storage before, fear not — there are plenty of affordable options.

Customize Your Home Office

Studies show that remote work is permanent for 90% of those who made the switch. If you’re in this boat, you could benefit from updating your home office:

  • Install storage solutions
  • Upgrade your electronics
  • Add ambient lighting
  • Personalize the space with décor

Have out-of-town guests coming over? Your home office can double as a guest room with a futon, cleared closet shelves, and a generous mirror.

Redo Your Bathroom

Adding spa-like elements to your bathroom is a surefire way to boost your property value and make bath time more enjoyable. A two-sink vanity, new tile flooring, and a glass-walled shower can make your bathroom more attractive and convenient. Don’t forget about storage — you can maximize storage capacity with over-the-door and floating shelves.

Update Your Kitchen

Remodeling your kitchen can be an exciting and rewarding experience, and a renovated kitchen can substantially boost your home’s value if you decide to sell. Updating old appliances and cabinetry can help give the space a brand new look and feel, while adding in smart technology can help make your kitchen efficient and comfortable. With proper planning, you can design a kitchen that is perfect for your lifestyle, matching the style of your home while keeping with modern trends.

Convert Your Basement

Finishing the basement gives you more living space and increases your home’s worth. Depending on where you live, you can even turn it into an apartment and earn rental income.

Of course, basements have several common issues due to being below ground level:

  • Cold
  • Dampness
  • Dark

To combat these problems, ensure your basement is adequately insulated and ventilated. You should also choose water-resistant flooring, such as luxury vinyl or engineered hardwood. You may also need a sump pump if your basement is prone to flooding.

Update Your Air Conditioning Unit

AC units with good energy ratings are more efficient, allowing you to cool your home with less electricity. Additionally, newer models don’t use freon, making them more environmentally friendly. If you want to further increase your home’s energy efficiency, consider the following home improvements:

  • Adding weather stripping to doors and windows
  • Installing a programmable thermostat
  • Replace old doors with insulated models
  • Protect Your Home With a Warranty

After you invest in your home, you want to protect it. Unfortunately, home insurance only covers your home’s internal structures. To safeguard major systems and appliances, you need a home warranty. These policies can cover HVAC systems, sump pumps, and even refrigerators.

Deciding to renovate your home is a big step, but homeowners can safeguard their peace of mind by researching desired changes. You can build the living space of your dreams — including a renovated kitchen, bathroom, basement, and home office. And if you need inspiration for your next remodel or renovation, be sure to explore the many informative articles on LivingSpaces & LifeStyles Magazine.

Written by: Esteban Garcia

Image via Pexels

Author: LivingSpaces

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