The Biggest Benefits of Renovating Your Home
Have you ever thought about remodeling or renovating your home? Today, there are countless projects you can take on to increase home value and make your home more appealing. In fact, many home remodeling projects, such as redoing your kitchen for $20K, can provide you with an 80% ROI. Investing the same amount in a bathroom remodel will result in an ROI of up to 73% of your initial investment. This trend is seen for most areas of the home, making a home remodel more than worth it in the long run.
While the ROI is an appealing benefit offered by remodeling, it is not unexpected. Reduced maintenance costs and the ability to create a more appealing space for you or if you plan to sell are other benefits you will see. What you may not realize is that's not all. Keep reading to learn more about some of the other benefits offered by investing in a home remodel below.
Improve the Functionality and Comfort of Your House
Home renovation projects let you customize your home to your unique needs and tastes. This is your chance to create a dream home or make the space you have more useful and enjoyable for everyone. You can do anything you want during the renovation process, from creating a home theater, tearing down a wall to create a more open space, finish the basement, and more.
You can add more outlets to your home and invest in new circuit breaker sizes to ensure your home receives the power needed for optimal performance. Regardless of if your goal is work or play, investing in a home renovation can significantly improve how much you enjoy your home.
Healthier Eating Habits
According to recent studies, approximately one-third of all homeowners who invested in and completed a kitchen remodel reported they could lead a healthier lifestyle. This was achieved by eating more at home, ordering take-out less, and consuming more veggies and fruits. This makes sense if you think about it. When you like or enjoy a space, you will want to spend time in it. You will be less motivated to go get fast food when you have the oven you have always wanted just waiting for you to use it.
Reduced Energy Costs
With energy costs steadily going up, many people are working to improve their homes and reduce utility costs while saving money over time. When temperatures fall in the winter, you may find that your bills exceed what you expect because of old windows and doors and poor insulation.
During your home renovation project, you can invest in upgraded insulation, install all new windows, and eliminate leaks and drafts. It will also be possible for you to improve your home's energy efficiency by upgrading your appliances and making other types of changes to your home's systems. Contractors will be able to help you determine what the most valuable changes you can make are.
More Time Spent as a Family
Since you will be eating at home in your new kitchen, there's a good chance you will be sitting down more often together as a family and enjoying "together-time." Several studies have proven that family meals are one of the best things you can do for everyone's well-being and health. This goes beyond just healthier eating choices. When your kids eat family dinners with everyone, they will have higher self-esteem, do better in school, and have a reduced risk of depression, teen pregnancy, and substance abuse.
Increase Property Value
Are you thinking about selling your home or property at any time? If so, renovating your property now will help to make the home and property more attractive and more valuable to all your potential buyers. If you have a home that feels and looks outdated, then buyers will be much less motivated to offer what you are asking.
It is possible to increase your home's value by making it more aesthetically appealing, painting it, upgrading the fixtures, replacing any worn or old flooring, and making similar style and design changes. Also, buyers will appreciate a home that offers more when it comes to functionality. They also appreciate features such as finished basements, more living space, new appliances, and HVAC systems.
More "Me" Time
When it comes to living a healthy lifestyle, having plenty of rest time is essential. However, finding the budget and availability of time for a trip to the spa is not in the cards for most people. However, if you decide to remodel your bathroom, you will have the opportunity to create your own personal spa experience right at home. From rainfall showers to jetted tubs and even built-in music systems and heated floors, you can create a bathroom that makes you feel like you are in a luxurious spa environment.
Improved Connections with Friends
Up to 40% of homeowners who invest in and complete a kitchen remodel have reported spending much more of their time entertaining. In fact, research collected from around the globe has discovered that there is a significant link between an individual's health and spending time with friends. Strong social ties will help to promote brain health as a person ages. Now is the time to gather friends around a new kitchen island for a game night, and investing in a home remodel will likely make you more prone to do this.
Investing in a Remodel to Create the Home You Really Want
There are more than a few factors to consider when it comes to a home remodel or renovation process. Be sure to keep the information here in mind to know what to consider and what to expect when it comes to the home remodeling process. In most cases, hiring a professional contractor to help with the remodeling process will pay off and provide you the desired results. Also, with the pros' help, you don't have to worry about costly mistakes or damage, since they know what to do and how to do it.