When remodeling your home, it’s smart to do some research ahead of time to see what offers the best return on investment. When you do this research, consider the most trafficked areas in your home, what rooms need the most attention, and the ROI that could come from upgrading these individual rooms. We have found that no matter the city or market you live in, a few investments can always be made to the home, including new house siding, a new roof, a new hardwood floor or tile floor, a new kitchen and bathroom upgrades.
Invest in Your Bathroom
According to Remodel Magazine, bathroom remodels can return more than 100% of your initial investment. Yes, you read that correctly. More than 100%. As we cannot promise this for all remodeling projects in the future, it is more likely to happen than other projects in the home. It’s important to keep in mind the value of your home and the value of the homes in your neighborhood. When you do this, you will prevent dumping a lot of money into your bathroom when the overall value of your home isn’t very high. Do your homework, make a plan and budget appropriately. Then be very strategic in your updates that offer you the best return.
What to Do and What Not to Do
When it comes to deciding on upgrades or updates, make sure you are picking the right ones that are worth both your money and time. Roughly 10-20 years ago, the biggest trend was adding whirlpool luxury tubs into the master bathroom of your home. Now, this is extremely dated and unnecessary. Most people don’t even have the time available to take baths anymore. Knowing this, you should spare yourself the time and money and instead install a walk-in shower with heavy glass shower doors. These are really showing the best ROI in the remodeling world.
Take Your Desires into Account
Make sure not to forget that you are the one living in the house. Just because the latest market survey tells you that you should remodel part of your home, doesn’t mean you have to. Make sure your remodeling project improves your everyday lifestyle, comfort, and happiness inside your home. These updates should be something you’ll enjoy seeing and will love everyday.