Making decisions about your home can be daunting, and we understand the importance of choosing wisely. We have compiled a list of 10 decisions that homeowners commonly make and have found to be consistently rewarding.
1. Replace Your Windows
If you find yourself dealing with drafty, sticky, or problematic windows in your older home, it may be time to consider window replacement. While this investment may not be the cheapest, the benefits are well worth it.
Not only will you enjoy significant energy savings, but you'll also see a noticeable increase in your home's value. Say goodbye to broken latches and warped sashes that hinder your enjoyment of springtime. With new windows, you can effortlessly throw them open and embrace the fresh air without any obstacles in your way.
2. Revamp Electrical Systems
Outdated wiring in your home can be more than just an inconvenience – it can pose a significant safety risk. If your home still relies on old and potentially hazardous electrical systems, it's time to consider an electrical upgrade. Hiring a professional electrician to modernize and enhance your home's electrical infrastructure is a worthwhile investment that offers both peace of mind and long-term benefits. Not only does an electrical upgrade protect your house and its occupants from potential fire hazards and electrical malfunctions, but it also increases the overall value of your property.
By ensuring that your home meets modern safety standards, you're not only safeguarding your family but also making a smart financial decision. So, don't hesitate to take this proactive step towards a safer and more valuable home by investing in an electrical upgrade. Remember, any improvement that protects your house is always money well spent.
3. Invest in Landscaping
While the benefits of adding trees and shrubs to your yard may take a few years to fully appreciate, the long-term rewards are certainly worth it. Not only does this enhance your home's curb appeal, but it also adds value to your property. The strategic placement of shade trees can even help reduce energy costs by providing natural cooling during hot summer months.
You might want to inquire about their guarantee to replace any plants that may not thrive in the first year. When selecting trees and shrubs, opt for species that flourish in your specific neighborhood and climate. Before you know it, your yard will become the envy of the block, boasting the most vibrant and appealing landscape in the area. Invest in your home's outdoor beauty today and reap the rewards for years to come.
4. Update Your Bathrooms
When it comes to renovating your home, bathrooms offer a significant return on investment. According to Remodeling Magazine, a midrange bathroom upgrade can potentially recoup 64 percent of the cost. Considering that bathrooms are spaces we use every day, it's a renovation decision you won't regret. In fact, 33 percent of REALTORS® recommend sellers prioritize bathroom upgrades before listing their homes on the market.
To achieve a timeless and elegant aesthetic, opt for durable black or white flooring and surfaces that effortlessly blend with any decor style. Moreover, don't skimp on quality when choosing a toilet. Investing in a high-quality toilet ensures optimal performance and comfort, making it a decision you'll appreciate for years to come. So, go ahead and give your bathroom the upgrade it deserves – it's a worthwhile investment that enhances both your daily life and the value of your home.
5. Install New Garage Doors
When it comes to attracting potential homebuyers, curb appeal plays a pivotal role. While adding flowers and maintaining a well-manicured lawn can provide an instant boost, for a longer-lasting impact, it's worth considering the installation of new garage doors. According to Remodeling Magazine, opting for a garage door replacement can yield an impressive return on investment, with a recoup of close to 95 percent of the initial cost.
Not only does this upgrade enhance your home's curb appeal, but it also adds significant value to your property. With a garage door replacement, you can achieve an eye-catching facade while nearly breaking even on your investment. It's a win-win situation that transforms your home's exterior and creates an enticing first impression for potential buyers. Don't underestimate the power of this often-overlooked upgrade – it's a smart decision that pays off both aesthetically and financially.
6. Upgrade the Floors
In today's housing market, the preference for hardwood floors among homebuyers has become increasingly prominent. While the idea of tackling a flooring project may initially seem daunting, recent research from the National Association of REALTORS® (NAR) confirms that it's a worthwhile endeavor according to NAR's 2022 Remodeling Impact Report. (Here is the link you can add: https://www.nar.realtor/remodeling)
Furthermore, homeowners who undertook this project expressed a heightened sense of satisfaction with their newly installed flooring. What's even more impressive is that NAR's calculations indicate a remarkable 147% value recovery from this renovation. In other words, not only do you enjoy the luxurious beauty of hardwood floors, but you also stand to make a profit from the investment. Embrace the trend and make a smart choice for your home's flooring that will not only enhance its appeal but also provide a financial return.
7. Add an Outdoor Living Space
Transform your yard into a delightful extension of your living space by incorporating a screened porch, patio, or deck. You'll be pleasantly surprised to discover that these outdoor features often come at a more affordable price than anticipated, while providing both functionality and increased resale appeal. According to Remodeling Magazine, adding a wood deck can result in a recoup of approximately 72 percent of the initial costs.
Additionally, creating an outdoor living area will not only enhance your property's value but also elevate your personal enjoyment of your home. Imagine the countless hours spent relaxing, entertaining, and making memories in your own outdoor oasis. Embrace the opportunity to maximize the potential of your yard and create a harmonious blend between indoor and outdoor living spaces. Don't miss out on the chance to add both value and joy to your property with the addition of a screened porch, patio, or deck.
8. Add a Mudroom
Creating a functional storage space for shoes, coats, and backpacks near your back door can greatly enhance the tidiness of your home and simplify your daily routines. Even a small designated area or a discreet bump-out can accommodate an organized entry without drawing excessive attention.
By seamlessly integrating this practical solution into your home, you can enjoy the benefits of a neater living space and smoother transitions in and out of your home. Prioritizing an organized entryway allows you to maintain a clutter-free environment without compromising on style. Embrace the opportunity to optimize your home's functionality with a thoughtfully designed storage space that effortlessly blends into your existing decor.
9. Update Your Kitchen
Revitalizing your kitchen can bring about significant rewards, and it doesn't necessarily require an extravagant renovation. In fact, Remodeling Magazine's 2023 Cost vs.Value Report reveals that even a minor kitchen update, such as replacing appliances, giving the space a fresh coat of paint, and upgrading countertops, can yield a remarkable return of up to 85.7%. (Here is the link: https://www.remodeling.hw.net/cost-vs-value/2023/west-south-central/)
This means you can enjoy the benefits of an upgraded kitchen without enduring an overwhelming project that dominates your entire home. By opting for a more modest approach, you can still enhance the functionality and aesthetics of your kitchen while maintaining a harmonious living environment. Embrace the opportunity to create a renewed culinary space that adds value to your home without disrupting your daily life.
10. Finish the Basement
In today's booming real estate market, maximizing the usable square footage of your home is a wise decision. According to the National Association of REALTORS® (NAR), converting your basement into a living area can yield impressive returns, with an estimated recoup of up to 64 percent of the costs.
What's even better? A remarkable 84 percent of homeowners report an increased desire to spend time at home after completing this project. Imagine transforming that dim and underutilized space beneath your feet into a fantastic game room, a convenient home gym, or a delightful playroom for the family. To take it up a notch, consider the addition of a bathroom. If the plumbing is already in place, this becomes an easily manageable project that can truly elevate the functionality and value of your basement transformation.
Ready to make those home improvement decisions that you'll never regret? Bishop Builders is here to bring your vision to life! As a trusted construction company, we specialize in delivering top-notch remodeling, renovation, and construction services. Whether you're looking to enhance your home's functionality, boost its value, or simply create a space that brings you joy, our experienced team is dedicated to exceeding your expectations. Contact us today to discuss your project and take the first step towards transforming your house into the home of your dreams.