Whether you are thinking about moving or simply want to make your home more comfortable, there are many reasons to upgrade your space. But it is important to consider what improvements are most likely to increase your resale value and avoid those that will cost you money down the road.
Adding Value Without Overspending
Homeowners are increasingly seeking to remodel and renovate their homes in order to improve their comfort, function and enjoyment, while boosting their home’s value as well. A recent NerdWallet survey found that while a majority of homeowners are planning small projects such as painting and updating light fixtures, many more are considering larger renovations and additions.
Aesthetically pleasing remodeling projects are often the most expensive ones, but they also tend to yield the best resale results. Adding trim to windows and doors, for instance, adds an elegant touch and can be the most effective way to spruce up your home without breaking the bank.
The cost of these upgrades depends on the size and scope of the project, as well as its location and other factors such as labor costs, materials, equipment and the type of construction required. However, the national median cost of a major home improvement project – including demolition and reconstruction – was $4,838, on average, in 2021.
If you are looking to do a large-scale renovation, it is best to use a professional contractor. A general contractor is likely to have more experience and expertise than a do-it-yourselfer, and a professional will be able to provide you with expert recommendations for your specific needs. In addition, they may be able to give you advice on what will be the most practical and affordable option for your renovation, especially if you’re unsure about which materials will work best in your home or how much time the project will take.