The goal of a home renovation is pretty simple if you zoom out far enough. The basic purpose of all home renovations is to improve your home, whether it be in the value, the practicality, amenities, or aesthetic, or some combination of all four. But how to actually pick and choose renovations and projects that will pay off? That is a question that is incredibly difficult to answer. Luckily for you, we compiled the list for you. Here are three of the smartest ways to make renovations that pay off, for the most bang for your buck.
The first way that you can make smart renovations to your home that actually pay off is by looking for budget friendly fixes that you can make. Not every single renovation or improvement project costs thousands of dollars in parts and labor to do. You are quite capable of DIYing a good amount of renovation projects perfectly well. Look for simple things that you feel confident in doing, like replacing simple fixtures, painting your walls, or even installing some stone paving in your yard can be done cheaply and simply by yourself, for a massive return on investment.
Another way to make smart renovations to your home that will actually pay off is looking for projects that will make your home more attractive. The curb appeal of your home, or how attractive it looks from the street, plays a major role in the price of your home, as appearances impact buyers’ perception of value. Improvements such as new exterior paint can increase your home’s curb appeal. This can translate into gains in the value of your home that are more than five or even tens as much as what you spend on your simple aesthetic home improvements.
The final way to make smart renovations that actually pay off is to find renovations that will make your life better. If you are a big cook, then consider making improvements to your kitchen that will make a positive impact on you every time you cook, like new counter tops, or new appliances. If you work from home and are expanding your business, then renovating your office space to create a better space might be right for you. Your home gains value by solving your needs too.
Home renovations don’t always have to cost money, in fact, they can actually pay off completely. All you have to do is know what to look for in a project. Look for these three things in your next home renovation project for a smart renovation that pays off.
Check out this article on why you should consider remodeling your garage!