Home renovations are common and can add value to your property. However, homeowners need to be careful about which improvements to make and how extensive they should go.
Consider how long you plan to stay in your home and choose renovations to improve your quality of life. Ensure you have a clear, specific, realistic plan, and hire a licensed contractor to avoid costly mistakes. Contact Plumbing Lawrenceville GA now!
A home renovation is a major upgrade of the entire house that often includes relocating or adding rooms, removing walls, gutting and completely remodeling kitchens and bathrooms, rewiring electrical, raising or lowering ceilings, and much more. Whole-home renovations can provide a higher ROI than other upgrades and can add longevity to your living space.
When it comes to whole home renovations, the most important consideration is that you have a solid plan and a fully vetted budget for the project. You will also need to consider where you and your family will live during the process. Some homeowners choose to stay with family or rent an apartment nearby while the work is being done.
The cost of a full home renovation varies depending on the size and scope of the project. You will need to consult with a design professional and construction company like Zenith Design + Build to determine what your goals are and come up with a plan of action. Depending on the complexity of the project, this discovery phase can take up to several weeks or even months.
After the plans are in place, the construction process begins. During this time, you will need to prepare your home for the remodel by emptying out rooms that are being remodeled. This can be a difficult and time-consuming task but is necessary to keep the construction process moving along as quickly as possible. Oftentimes, you will need to move your furniture into storage or purchase a storage unit for large items.
During the remodel, you will need to visit with your contractor on a regular basis to ensure that the work is being done according to the plan and that any issues are being addressed promptly. For example, if you notice that the contractor isn’t putting in enough outlets or lights in the room you want, you will need to let them know right away so they can correct it.
Home renovations are a great way to make your living space more functional, bring it up to date with the latest design trends and increase your home’s value. However, it is important to research your local market and neighborhood to make sure that you don’t over-upgrade and price yourself out of the market when you are ready to sell.
Add-On Renovation
A home addition is a great way to customize your house and fit it to your lifestyle and tastes without having to sell and find a new place to live. A house addition may also increase resale value in the future. However, a home addition is no small project. Whether you are adding on a home office, family room, or a modern kitchen, it can be expensive and time consuming. It is important to be sure that you are getting a return on your investment and that the renovation will add to the resale value of your home before going forward with it. The experts at Aldridge Construction are available to help you determine if an add-on is the best choice for your needs. Contact us today to learn more about our services and how we can help you achieve your dream home.
In contrast to building out, building up refers to expansions that occur vertically. This includes converting garage space into living space or adding an additional floor to a one-story home.
Add-On Addition
If you’re outgrowing your house or simply want to make it more functional for your family, home additions are a great option. However, they’re not cheap. In fact, some types of home additions cost more than $100,000. And if you’re not in the position to pay for it out of pocket, you will need to finance your project through a loan or line of credit.
The price tag for a home addition will depend on the type of addition you’re building, its size and materials used. You will also need to consider labor costs, including the fees of contractors like a carpenter and electrician. You may also need to add heating, cooling and plumbing to your new space, which can drive up the overall project costs. In general, basic additions (closets and bare-bone rooms) cost the least, but the more you add to your project, the higher the cost.
Another factor to consider is local zoning laws and building codes that could affect your project. A qualified contractor will be able to advise you on these issues and help you meet compliance standards for water drainage, septic systems and electrical wiring.
While major home additions typically don’t recoup the full cost of construction right away, they usually increase your property value and can be an excellent investment. Bedroom and bathroom additions, in particular, tend to recoup their investment more quickly than other projects.
Keep in mind that a significant home addition isn’t a good idea if you plan to sell your home soon. And you should never take on a large renovation without first having a plan in place for how you’ll pay for it. If you do need to borrow money, look for low interest rates and shop around for the best home improvement loans. Then, you’ll be able to enjoy your home’s additional space for years to come. In the long run, a more spacious home will probably be worth it—even if you end up selling your home for less than what you spent on the addition. For more information, visit Angi’s Guide to Home Additions.
Remodeling
Some home renovation projects may have a higher return on investment (ROI) than others. ROI varies by project type and location, however. To increase your potential for ROI, consider choosing changes that will meet your needs, improve your home’s function and fit into the neighborhood’s style and value payoff.
A remodel essentially means changing the structure of your home by moving load-bearing walls and running new plumbing and electrical lines. As a result, it’s often best left to licensed professionals unless you have advanced experience.
Remodels can be quite expensive, but they can also add significant value to your home. If you’re planning a major remodel, it helps to have a clear idea of your vision and a budget before starting. A trusted Lowe’s associate can help you create a plan and select the products to achieve your goals.
While a facelift remodel can be quite costly, it’s also the least likely to detract from your home’s value. A full-scale remodel, aka “pull-and-replace remodeling,” is more like a teardown and rebuild of a specific space in your home and could easily cost you tens of thousands or even $100,000+.
The ROI of a home remodel depends on its scope, cost, and the type of materials used. You’ll usually recoup more of your investment on high-end finishes like crown molding and granite countertops than you will for upgrading basic fixtures or adding an addition.
Evaluate your motivations, lifestyle, and future intentions before deciding on the scope of a home upgrade. You should also assess the other homes in your area to avoid over-improving your home, which can turn off buyers. To learn more about achieving the perfect home upgrade for you, check out our ductless mini split guide and our home improvement checklist. Then, speak with a Lowe’s expert and make your dream home a reality. We’ll be there for you every step of the way. And, don’t forget to sign up for a Lowe’s Rewards card to get exclusive discounts and offers. It’s the smarter way to save.