The process of finding a new home can be stressful, to say the least. The lending process during this uncertain time where some people have had lapses in their employment history due to COVID-19. The aspect that homeowners seem to forget is that they can renovate their current space. The ability to give your home a whole new energy while improving its value simultaneously is something to take advantage of. Renovations might be able to be handled all at once or one at a time over the course of a year or two. Budget is a huge factor in this decision as not everyone has the financial security to renovate the entire home at once. The following are renovations to consider instead of making the choice to list your home for sale.
Gutting the Kitchen
The kitchen is a focal point in many homes and is where a family congregates due to food being available. Being able to do a kitchen remodel that opens the kitchen up to the rest of the home is a popular option. In addition to opening up the kitchen space, cabinets along with a kitchen island can add storage and badly needed counter space. Repainting cabinets is an affordable option instead of completing replacing them.
New Flooring
The chore of having to vacuum constantly when you have carpeting can be required daily in some homes. Families with pets and younger children understand that vacuuming feels like a full-time job at certain points. Wood flooring is a popular option but there is maintenance required. Spills need to be cleaned up or a homeowner could risk the wood flooring warping. Faux wood tile provides the best of both worlds as tile will not have to be replaced if maintained appropriately. Durability along with price are positive features of tile especially if your family spends a lot of time at home.
Energy Efficient Windows
Replacing the windows in a home can be extremely expensive depending on the size and volume of windows in a home. The look of new windows compared to older windows is quite noticeable. The ability to save money monthly on the electric bill is an added benefit. You will feel the home become cooler as the heat from outside will not transfer to the home via the windows. Being able to add a larger window in a space will increase the amount of natural light available in a room. Natural light can boost your mood and allow a family to live without turning on additional lights in the home. Shop around for windows as similar products from different companies can differ drastically in price/installation.
In-Ground Pool
An addition of a pool can turn a home into a haven of relaxation very quickly. Outdoor spaces where you can entertain are great due to not having to worry about cleaning up in the home. Sitting under a stream of water on a rock display that helps the backyard have a tropical feel offers stress relief. Installation of an outdoor kitchen is another option so you can cook around the pool. A fridge with cold drinks allows the family to enjoy themselves without having to enter the house to hydrate.
Maintenance of the pool is something to keep in mind along with costs. Hiring a professional to take care of the pool can differ vastly in price depending on the size of your pool. Running the pool pump daily is also going to add to your electric bill. Consider these factors when debating whether or not to install a pool. For warmer climates, these expenses can be justified but in colder climates, this is a huge financial undertaking for a few weeks of swimming.
Refinish the Basement
The basement of a home has the advantage of being one of the most versatile spaces in the home. The basement being refinished can allow for a number of paths to be taken. An additional room for a teenager longing for their own privacy is an option some families opt for. Entertainment space is popular as well due to basements having good sound insulation. Being able to have a party without worrying about noise complaints with neighbors is a possibility with a finished basement. Flooring in the basement should be painted concrete or tile as you do not want spills staining a carpet or bucking wood flooring.
Consider the above renovations as selling your home is not always the answer. Even adding an in-law suite can be an option if your family is growing out of the home. Create a list of potential renovations and prioritize them in terms of what will improve your daily life. The list should be accompanied by pricing from a few contractors so make sure to get multiple estimates.
