In spite of the large expenses that home remodeling can incur, it is an exciting prospect for most homeowners. One should take up a major remodeling project with a clear plan in mind, and not just out of a whim. The main motivation behind home renovations is often to create a more comfortable and appropriate living space.
It may be that you prefer to live in a more disability-friendly home, that the children have moved out permanently, or that you have retired and expect to host parties and events a lot more frequently. Whatever the reason, one of the most important considerations you should keep in mind is whether the renovation will increase the market value of your home. With that in mind, here are a few ideas for additions to your home that will make it more comfortable and add market value to it.
Converting the attic
Adding an extra bedroom by converting the attic is a popular idea in many home renovations. It gives you extra space for guests, and it is also a good idea for families with grandchildren or lots of members. When the space isn’t being used, it can bring in extra income if you rent it out or sublet it. Overall, it also increases the resale value of your home. A good idea is to add a separate, outdoor staircase leading down from the attic to ensure privacy for both you and your guest.
Working on the exterior
The exterior of your house is as important as the interior. After all, people primarily judge your home based on the exterior. When remodeling, make a separate budget for external painting. Replacing the siding can also be a good idea. Adding a vinyl fence gate will also add to the exclusive image. Salt Lake City has many home renovation companies that can help you source the best materials for your project.
Finishing the basement
Finishing the basement into a fully furnished space can also add a new, exciting purpose to your household. You can use it as a game room, movie room, or simply another living space. One downside of finishing the basement is that it can rake up tens of thousands of dollars in renovation expenses as insulating and keeping the basement dry require a lot of work. Although it does add value to your home, do not launch this project unless you are ready to commit.
Adding a patio
Adding a patio or a wooden deck adds to the overall value of your home, as well as creating an outdoor living space. It is great for hosting barbecues in summer and throwing dinner parties at night. It is an impressive look to put on when showing your home to potential buyers. Overall, it is an inexpensive addition that can help your home look more attractive.
Home renovations are an important part of owning a house. Renovating your space takes hard work. But it can be rewarding both monetarily and in terms of emotional satisfaction.