The most important reason to renovate your home is to increase your level of enjoyment. There are, without a doubt, numerous metrics for renovations and cost recovery. But regardless of your expenses and the exact amount you’ll get back in home value, it’s always a good idea to remodel if it will make you happy!
With that in mind, here are nine remodeling projects that won’t just add value to your property, but will also create a more enjoyable space.
9 Renovations to Increase the Value of Your Home While Enhancing Your Enjoyment
1. Add a Pool
If you want your children to love hanging out at home; if you want them to stick around on hot summer afternoons instead of heading to the neighbor’s, then adding a pool is a wonderful addition. Safety, of course, is always a concern with pools, but when properly monitored and secured a pool can be one of the best ways to enhance your home. These renovations are not just for kids, as adults love a good pool party as well.
2. Build a Deck
Homes should have at least some type of outdoor space. A deck creates a wonderful outdoor gathering area where you can come together for food, drinks, and conversation. A good deck is spacious enough for a grill, a table, and some chairs, and they can give your home an added element, delivering outdoor enjoyment for virtually any property.
3. Paint the Interior
Painting the interior doesn’t seem all that exciting. But with a little thought and creativity, it can enhance the value of your home and its attractiveness to buyers, all while creating a more enjoyable space.
You don’t have to be an art sophisticate to improve your home with paint. Accent walls with bold color, for example, enhance the energy and positivity in your home. You can also add floral designs, artistic accents, or random splotches of color to enhance your property.
4. Remodel the Bathroom
Few areas help sell a home better than the bathroom. This may be surprising when you consider just how little time we spend in these rooms. However, remodeling that bathroom to create a luxurious sanctuary can increase your enjoyment and improve the value of your home. Adding features like heated floors, wet rooms, and freestanding tubs can help your home stand apart from all others.
5. Remodel the Kitchen
Unlike the bathroom, we spend lots of time in the kitchen. Kitchens are where families often gather, where conversations go on for hours, and where nourishing meals are prepared for our loved ones. An enhanced kitchen with new countertops, backsplashes, and interesting features like a butcher’s block counter can all improve your home.
6. Add a Home Office
A home office should be more than a desk in a corner. It needs to be a space where you can escape the noise, clutter, and distractions and focus on your work. With more people working from home than ever before, a dedicated home office can be one of the main aspects that attracts buyers to your home.
To create a home office, you could install custom desks and cabinetry, paint the room a color that increases concentration, and install proper lighting and outlets for printers, scanners, computers, and more.
7. New Flooring
The flooring in your home can drastically change the tone, warmth, and character of the space. Simply going from laminate (for example) to hardwood floors will make the kitchen seem like an entirely different space.
Replacing old flooring is also economical. Most houses can have new flooring installed for less than $5,000, which allows you to increase your home value while maintaining a tight budget.
8. Entertainment Rooms and Home Theaters
If you have a room in your home, perhaps a basement corner that is currently used for storage, why not convert that space into a home theater? Whether you are a sports fan or a movie buff, a home theater will add an entirely new dimension of entertainment to your home, and you can assume that most houses in the area don’t have this highly attractive feature, meaning yours will stand apart.
9. Solar Panel Installation
We’ve talked about pool parties, backyard grill outs, evenings over a billiards table, and much more. Solar panels seem a little…boring. But when you consider the long-lasting impact, as well as the pride you’ll feel from these important additions, you’ll see that this is a project that will increase your enjoyment of the home.
Solar panels, while still costly, are gradually declining in overall price. Like all technologies, solar panels will become more affordable as manufacturers find ways to reduce the costs of building and installing these materials. In the end, you will love coming home to a solar paneled house, and if you choose to sell, your home will be more attractive to buyers.
Financing Options for These Renovations
If you need help paying for these home improvements, there are many financing options available. For example, you could utilize a Home Equity Line of Credit, known as a “HELOC.” This is simply a line of credit, supported by your home equity, from which you can withdraw as needed. While the money can be used for any purpose you see fit, it’s commonly used to improve a house, either in preparation for a sale or simply to enhance the property.
There are also home renovation loans, also supported by the property, that deliver a fixed amount which can be used for improving a home.
We can’t help paint your home or install flooring (we probably wouldn’t be much help anyhow!), but we can help secure financing and credit sources for these important renovations.