A home improvement project is at times necessary because of overdue repairs or because there’s a need to maximise space. Other times, it’s a means to improve the property and make it more marketable. Regardless of the reason, renovating a house is expensive and time-consuming. That’s why before jumping on a project, it’s necessary to determine if what you’re spending on will result in the best ROI. Apart from functionality and appeal, you also need to make sure that you will gain long-term benefits from the investment. So, which home improvements are worth your money and time?
Bathroom improvements are quite common because these rooms are heavily used. Anything from a minor addition to a major remodel guarantees benefits for the homeowner. In case you’re thinking of selling the property, investing in a modern bathroom will attract more buyers. For those on a budget, replacing the fixtures can do wonders. Updating the lighting as well as adding a vanity shelf can make a bathroom more appealing.
Updating bedroom storage space
Anyone would agree that you can never have enough storage space in your bedroom. Most modern interior designs prefer bespoke wardrobes that are fitted to the walls of a room. Choosing a high-quality material and finish will surely add to the value of the property. The good thing about fitted closets is how it maximises the floor area. It can also be custom-designed to the available space, thus allowing you to use awkward corners and spaces and turn them into storage.
Remodelling the kitchen
Apart from the bathroom, homebuyers often consider the kitchen as the heart of a home. As such, a major kitchen remodel does have a good return on investment. Of course, spending a significant amount to improve a kitchen requires some considerations. You’ll need to know whether every upgrade is essential. For example, you can choose to keep other fixtures but spend on new appliances instead. Applying a new coat of paint on cabinets will make them look like new.
A major kitchen remodel will be more expensive, but is worth considering if it will give the property a better appeal and value. Design trends such as an open-floor concept are worth looking into, especially if you want to upgrade a house that’s already several decades old.
Converting a loft into a functional room
A loft space often makes a house more attractive to buyers because it’s a multifunctional area. It can be used as a bedroom, a small office, or a work studio. If your house has a loft, you don’t need to spend much to make it more attractive. All you need to do is clean the area, paint the walls, and maybe add a few lighting fixtures. If you’re turning it into a spare bedroom, make sure that there’s enough ventilation.
Apart from these suggestions, you can also spend your remodelling budget on adding a patio, renovating a basement, or landscaping. By assessing which areas of your property will benefit the most from an upgrade, you’ll be able to maximise ROI.