Home Renovations with Big ROI Potential

 

Home renovations are a great way to change things up if you feel like you've gotten used to your surroundings. It can be as small as creating some extra space in the house, all the way up to investing in something new. You don't have to start by tearing apart every room of your house, just figure out one room or project you think you'd like to accomplish. And here are some of the most popular projects that can add more value to your home as well.

Basement Remodel

One of the most popular renovation projects is just changing up one room. Basements or garages are both popular options due to their potential as storage spaces. Basements can also be used as a recreational space or a second living room, and have been for a few decades. And these minor remodels aren’t always expensive. You’d be surprised how much just changing the floor of a room can make it look better. Or maybe you just need a few shelves to make an easier storage space. You don’t have to break the bank to freshen things up and make it new again.

Remodeling the basement could also mean that you simply fix some water leaks or give it a new paint job. And aside from getting a room that you’re happier with and more likely to use, the average ROI for a project like this could be as high as 70 percent. That's a big return investment for a potentially small remodel.

Adding a Pool

And there are also projects that involve adding on to the house. One of the most popular examples is a homeowner's desire to add a pool to their home. This is a popular option if you have kids or just have particularly hot summers where you live. This project will take the help of contractors so it will cost you more, especially depending on what kind of pool you decide on and the materials you want to use to build it. Most people don't realize that there are a lot of different types of pools out there, and they're not just an above ground or in ground pool. They come in different sizes and shapes as well as building materials that your contractor will be able to walk you through. It sounds expensive, but don't worry. There are lots of pool financing companies that will be able to help you pay for whatever you choose.

There are other great benefits to getting a pool built at your home. You can let the family cool off whenever they want and you won't have to spend money on going to a public pool every summer. As long as you keep the pool nice and clean, you'll be able to use it whenever you want. And since it's not a common feature with a lot of homes, it will give you a great investment point to add more value to yours.

Landscaping Projects

Curb appeal is an easy way to make sure that your house is getting the right kind of attention. And it's also one of the most well-known. Lawn care not only makes your house look good, but it can give you a return on your investment. It doesn't even have to be a big project, just adding a few simple touches such as planting some nice flowers to enhance the cozy feel of a home will go a long way. If the lawn is green and well-taken care of, it makes a good impression.

And you can even use this information for apartments or homes with small backyards. It says a lot about you and how you treat your home if you take care of it periodically. This doesn't mean that you have to spend your money to have someone come out and work on your small apartment backyard, but you can call experienced landscapers and get some basic lawn repair advice. It's very easy to make this one happen and it won't take a lot of money either.