Home renovation has become a popular topic this year among homeowners and those considering purchasing a home in 2022. Homes are usually one of the biggest investments of our lives and who doesn’t want to increase the value of their property!? Home renovations are an amazing way to add value to your home, but they can also be a large financial investment.
There are many factors to consider when deciding whether to renovate your home or not. The most important factor is commonly the cost of the home renovation project itself. Other factors to consider include the current market value of your home, materials, hiring professionals, the time you plan to sell your home and of course your own personal taste and lifestyle.
If you’re thinking about renovating your home in order to increase its value, here are five ideas to get you started this year:
1. Hire A Professional Architect
The first step to increasing the value of your home renovation is to hire a skilled architect to draft a renovation project for you. A skilled architect will be able to help you design a home that is both aesthetically pleasing, functionally sound and cost effective. This is because architects are trained professionals who know exactly how to maximize the value of your home while still respecting your taste and budget.
Architects can also help you to avoid making common mistakes that can reduce your home’s value, such as building code fines and regulation issues. They will also have insight on material costs and the best building practices to keep your renovation on track without breaking the bank. To find a professional architect, just enter “architects near me” on Google and search through the reviews for the best one for your project.
2. Build An Extra Bedroom
One of the most popular home renovation investments is to add an extra bedroom. You can then sell to a larger audience of potential buyers and can raise prices based on new space per square foot.
This is one of the most effective ways to increase the value of your home. This renovation becomes especially effective if you live in a desirable neighbourhood or have a larger family. With planning and help from an architect, an extra bedroom can be a valuable addition to any home renovation.
3. Renovate Your Kitchen
Another popular home renovation project is renovating your kitchen. A new kitchen can add a few more thousand to the sale price of your home and a new kitchen becomes a lot more appealing to potential buyers. A new kitchen doesn’t only make a big difference in the value of your home, having a well-designed and modern kitchen is also a great way to improve your quality of life. If your family spends a good amount of time in the kitchen, then this renovation can add significant value to your home.
4. Build A Deck or Patio
Adding a deck or patio is a simple way to increase the value of your home. Not only will it provide you with additional space for entertaining guests, but it will also increase the potential appeal of your property. A deck or patio will also provide you with an extra room that can be used year-round.
Whether you choose a deck or patio renovation, make sure you consult with your architect to ensure any additions are built correctly and meet all local building codes. By drafting a plan and using some effort, you can effectively add value to your home with a new deck or patio.
5. Paint Your Home
One of the simplest and inexpensive ways to increase the value of your property is to paint your home. Not only will a new coat of paint help your home to look new, but it will also help protect it from age and extend its lifespan. Choosing the right colours can even make your home look bigger and more inviting.
Choose colours that will appeal to a wide range of buyers and avoid anything too dark or intense. Consult with an interior designer, who can help you select the perfect colour for your home value.
Final Thoughts
Home renovations can be a great way to add value to your home, but they should be carefully planned and executed in order to avoid breaking the bank. If you’re thinking about renovating your home, be sure to consult with a professional architect before making any final decisions.
While some of these renovations are more popular than others, all of these can help increase your home’s value in 2022. Although some may seem obvious, these tips can add some serious value when it comes time to sell. Are you planning a home renovation this year? If so, make sure to keep these five tips in mind!
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