The pandemic had us siloed in our houses and increased the need to have fully functional houses. Our homes are now places to relax as well as work, with the lines blurred significantly. This has also increased the need for renovation to accommodate and adapt to changing times. Consequently, home renovations have been on the rise ever since.
But do home renovations or remodelling really increase the value of a house? This question has been widely asked, with several people wondering about the necessity of such tedious work. While the answer is obvious, it is important to note that even otherwise, it is a good idea to remodel and renovate your house as per your requirements and budget every 10 years. This will keep the house looking new and updated.
Here are a few home improvement ideas that can add value to your house. However, to answer the question first:
Do Home Improvement Projects Add Value?
Yes, they do! When you decide to remodel your home, you account for factors like flooring, wiring, outdoor spaces (if any), kitchens, and bathrooms which are almost 70% of the major contributing factors to enhance a home’s value. If you tick all these right, your home is as good as new and more secure. Home renovations are a plus especially when the house is pretty old and might require sprucing up to make it more functional and safe.
Enhance Decks With Lighting
If you happen to live in an independent house or an apartment with decks, you can enhance the outdoor space with landscape lighting. You can completely do this as a DIY project, or hire a designer to get you the exact decor. It also adds visibility during the dark and barely puts any strain on your pockets as well.
Redo Your Kitchen
Kitchens require significant maintenance due to constant activity, cooking, spilling, and staining on a daily basis. Although tiles do come for a longer period, you can always redo your kitchen tiles and choose the trending tiles with the latest designs and patterns. This will give your kitchen a new and updated look until the next time you plan to renovate.
You can either change the kitchen backsplash tiles or add a new marble tile for the countertop. Mosaic tiles are also excellent for the backsplash, adding more depth and colour to the space.
Renovate Your Bathroom
Bathrooms are the next most utilised space in any house, more so because there’s a lot of water used daily. Naturally, over time, the tiles are bound to lose their sheen. However, you can choose to update the space by going for ceramic floor tiles as they have a coarse surface that reduces the chances of slippages. You can also opt for germ-free, or anti-skid bathroom tiles that are specifically made for your bathrooms. They ensure that you would be free of any worries regarding moisture and bacteria growth in the bathroom for a long time.
Extend Your Outdoor Area
If you have enough space to expand your outdoor sitting area, it’d prove a great idea in the long term. Besides adding considerable value to the house, bigger outdoor spaces are difficult to find these days. In terms of market value, the latter factor significantly elevates the overall property. You can also create your organic garden with vegetable and fruit plants that, besides beautifying your space, will also help in your daily cooking chores.
Convert An Under-Utilised Space Into Office
If you are not much of a walk-in pantry person, or the extra room is just a magnet for hoarding of your things, it’s time to convert it into a productive corner! You can make that space your office by adding a desk, table lighting, a work chair with lumbar support (longer sitting hours, after all), and a plant at the side. With this simple arrangement, you can get both the air and space around you fresh!
Update The HVAC
HVAC – Heating, ventilation, and air conditioning – are crucial for the proper functioning of any home. Even if one of them falters, you could be in for a big discomfort. So from time to time, it is always better and safer to update the HVAC or at least test it. A fully-functional and updated HVAC of a house can recover as much as 85% of the initial cost of selling it. Besides ensuring that your investment will generally not go to waste, this will also make for a safer home.
Home renovations are integral and non-negotiable aspects that come with owning a house. Even if you intend is to keep the house forever without selling, home improvements or regular renovations will help you bring down a big cost if something falters irreversibly in the long run. And if you are not going to be changing houses, it is always a good option to remodel it as and when you can.
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