3.07.2020

How Much Should You Spend on Home Renovations?

You may wish to decorate your house to change its look or increase its curb appeal. Whatever the reason for renovating, it is important to set a budget. Drafting a budget facilitates easy planning and cuts unnecessary expenses. Renovation is good because it increases the value of your home in the market, saves the cost of buying a new house, and creates more space. However, you may need to move out of the house while the renovation is ongoing. How much you spend on renovating your house depends on several factors. Here is a breakdown of important elements to consider when deciding how much to spend on home renovation.
Image via Adobe Stock by Vitalii Vodolazskyi

The roof

A leaking roof is not pleasant. You don’t want rainwater to sip into the house every time it rains. Get rain gutters to collect the water as you make plans for renovation. Ask an expert to send you a quote to assist in planning.

The bathroom

Make your home inviting by upgrading the bathroom. However, don’t rush to change things before you are certain about what you are doing. Think twice before you replace the bathtub with a traditional shower. Opt for freestanding tubs because they are popular and cost-effective. Most homeowners prefer porcelain tiles over marble. It is cheaper to add a new bath than to remodel the existing one. $20,000 should be enough to renovate your bathroom. People no longer love small showers but are into luxurious designs and wide showers. However, don’t think too much about what people like, but what works for you.

Home additions

Do you want to add new features to your home? Speak to a realtor before you buy anything. Most realtors don’t recommend adding master suites because it does not increase the value of your house. Add features that will make your house more attractive. Refrain from buying luxurious items that won’t match the value of your house.

The living room

One of the main reasons why people renovate homes is because they want to change the living room. It is either too small, was poorly designed or outdated. The living room is the center of the house, and it needs to look more appealing. Know the cost of materials and labor to determine how much it will cost to renovate the living room. You cannot change everything at once, so be willing to compromise. You can change the floor, break down some walls, and d├ęcor to make the place look beautiful.

The kitchen

The kitchen is the heart of the house. People spend a lot of time in the kitchen, hence the need to prioritize it in the renovation process. It is a place where people gather to share meals and laughs. Therefore, it should have a relaxing atmosphere where people feel comfortable. You don’t have to spend a fortune remodeling the kitchen. $30,000 is enough to restructure and revamp this area. The materials you use will make all the difference. Don’t go for expensive equipment or utensils. Use hardwood if you want to change the kitchen floor.
The cost of renovation varies and depends on factors such as the size of the house, materials used, and cost of labor. There are things you can do to take care of your home to avoid damage and need for renovation. Exterior home maintenance chores like cleaning gutters, replacing damaged window screens, and inspecting the exterior of the house can go a long way in increasing the value of your home.

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