Considering some potential home improvement projects in the near future? If that’s the case, it’s imperative you do your homework. While some renovation ideas tend to add value to one’s home, others equate to throwing money down the drain and getting nothing in return.
With this in mind, here are four of the best and worst home renovation ideas, as well as some resources that can help you decide what to improve and what to leave as is:
Learn What Offers the Biggest Bang for Your Buck
Each year, Remodeling magazine conducts an in-depth survey of experts to determine which home improvement projects offer the highest and lowest return on investment. Dubbed the Cost vs. Value Report, it compares the typical costs of 29 common renovations that were completed by professionals in 99 major cities. Talk about an excellent primer of ideas.
Yet another great resource for homeowners is answers to commonly asked questions about construction, including many that relate to home renovation. By visiting credible websites for some much-needed inspiration, homeowners can put their focus and funds on projects that will make the biggest impact.
1. Good: Kitchens and Bathrooms
According to HGTV, splurging for a kitchen and/or bathroom remodel is typically a wise investment, one that usually nets homeowners with 100 percent ROI. For example, basic kitchen renovations typically run about $15,000. And in cities like Miami and New Orleans, homeowners who then later put their home on the market recouped top dollar in total resale value.
As for specific projects that offer the most bang for your buck, upgrading your cabinets to solid-wood options, countertops with a new stone or quartz finish and/or flooring with a…