There can be a variety of reasons why one chooses to renovate their home. It may seem overwhelming, frustrating, timely, or costly. Whatever cons you may come up with, the pros will heavily outweigh them. Here is the top 5 reasons that make home renovations necessary.
Increased Property Value
What home owner doesn't want to have more equity in their property. A moderate to large size home renovation can increase your property's value exponentially. Home owners can see upwards of 50% ROI (return on investment) on their money spent for renovations. This is especially critical if you are planning on selling in the near future. Big ticket renovations are kitchens, bathrooms, and finished basements.
Improving Home Safety
Home renovations are not always based on the wants but rather, the needs of your house. Feeling safe in your home is a priority everyone should have. Old electrical systems, cracked or sinking foundations, as well as leaky roofs should all be cause for concern. Scenarios like this can lead to further damage of your property and possible injuries.
Home Function/Comfort
When deciding to undergo home renovations, you have the unique opportunity to change the function of your home to suit your needs. There is nothing worse then feeling crowded in your own home. Figuring our a layout and design that works for you and your family can be a fun process. This could include opening walls, creating new entrances, enlarging everyday space. This can make your everyday life easier and more enjoyable.
Save money or Reduce Utility Costs
Spend some to save some. By deciding to renovate your home your opening the door for upgrades in energy efficiency. It may not seem like much but over time the money you save does add up. Old appliances can use up a-lot of power compared to newer models. New washing machines will use less on water, even going as far as new windows or insulation to minimize heat loss can save a considerable amount.
Updating The Homes Style
Updating the style of he home can be a driving factor to renovate. Unfortunately, items do go out of style causing homes to look dated and lower the properties value. Common projects include upgrading carpet to vinyl, replacing all the interior doors, new kitchen cabinets, or even bathtubs to walk in showers. By choosing to renovate for style you are able to modernize your house and put your own personal touch on the property.
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