Your home is one of the most significant financial investments you will make during your lifetime. In addition to your mortgage, insurance, and property taxes, there are annual maintenance costs you will have to cove, including the occasional remodeling project. Renovating your home can cost tens of thousands of dollars more and disrupt your household for weeks or even months.
If you’re renovating your entire home, your contractors will determine the best approach. However, if you’re investing in smaller renovation projects and trying to decide where to start, it can feel like an overwhelming decision. Consider these factors to determine which rooms you should renovate first.
1. Consider the purpose of the remodel.
The reason you’re renovating is crucial when determining where to start. Some people renovate because they plan to sell their home. Others renovate because their home is not suiting their needs or because they don’t like the look of their home. Your reason for remodeling will help you identify the most critical areas to renovate.
If you’re investing in upgrades because you plan to sell your home, you should focus on your kitchen and bathrooms. These are the rooms that can deter buyers or secure offers. You may not want to rip everything out and completely remodel these rooms, however. If you’re renovating to sell your home, you want to consider the return on investment (ROI) from your upgrades.
Replacing your bathtub should yield a profit when you sell. HGTV estimates bathroom upgrades generate 102% ROI. Turn to trusted home improvement contractors, such as Master’s Home Solution, for bathroom remodeling Reading PA. These professionals offer a free estimate and have served customers for over 60 years, establishing them as trusted experts. When you hire experts, you can be confident in the work’s quality and be sure the renovations will meet your expectations.
2. Understand the financial factors.
Remodeling costs can range from hundreds of dollars to repaint some rooms to tens of thousands of dollars from tearing down walls and replacing cabinets and flooring. One of the crucial factors to consider is how much money you have to spend on your renovations.
Your budget will determine what you can afford. A complete kitchen renovation can cost up to $50,000. You may be able to update your kitchen for far less if you opt to refinish cabinets instead of installing new ones. If you’re determined to change the backsplash and counters and alter the room’s layout, you may want to postpone kitchen upgrades until you can afford a complete remodel.
If you have a limited budget but want to improve your home’s look, concentrate on the walls and flooring. Repainting rooms can freshen them up, and you can use your color choices to brighten dull spaces or complement your furniture.
You may also be able to save money by retaining your flooring. Eagle’s Eye Carpet Cleaning can clean installed carpets, area rugs, as well as tile and grout. They have the tools and experience to remove stains and pet odors from your flooring. Their carpet cleaning specialists will provide a free estimate, come to your home, and revitalize your tile and carpet.
It’s also essential to consider how your renovations will affect your home’s value. Your property taxes may be higher if your home’s value increases significantly, so understand these costs before you change up your home’s design.
3. Know your needs and wants.
Some of your renovation ideas may center on your desires. You may dream of soaking in your master bathroom’s clawfoot tub or want your home to be a party destination and hope to install a pool and outdoor kitchen.
There may also be upgrades that your home desperately needs. Perhaps you have a small kitchen that doesn’t have enough counter space or old windows that are drafty during the winter months.
It’s important to consider what updates are crucial and what updates are simply desirable. This can help you prioritize. For example, replacing old windows may be expensive, but it can save you money on your energy bills because you will heat and cool your home more efficiently. Your home may also be more functional if you can use all of the space available instead of avoiding drafty areas.
Once you determine which renovations are crucial, you will identify which rooms you can afford to remodel first.