Smart Strategies for Whole-Home Renovations
How would you like to live in a house that met your every need? You don’t have to build a property from scratch or even uproot your family by moving. With strategic planning, you can renovate your entire house to create the dream home you’ve always wanted. Here are some things to consider when planning your whole-house renovation.
Decide How to Fund the Project
You have several options for funding a whole-home renovation, the most popular of which are home equity loans and home equity lines of credit. Because these options use your home as collateral, you may qualify for a low interest rate. Maximize your financing by working with a home renovation company that respects your budget.
Keep Resale Value in Mind
Today, most homeowners move at least once after purchasing a house. Even if you think you could live in your home forever, it pays to focus your renovation on the areas that provide the best return on investment in case you ever decide to sell. These include:
- Two-story addition (83% ROI)
- Bathroom addition (81% ROI)
- Complete kitchen remodel (80% ROI)
- Family room addition (78% ROI)
- Master suite (74% ROI)
- Attic bedroom conversion (73% ROI)
Also, keep in mind the smaller elements with a high ROI. If it’s possible to make these upgrades as part of your renovation, you can boost your home’s value with a minimum of hassle:
- Garage door replacement (94% ROI)
- Replace vinyl siding with manufactured stone veneer or fiber cement siding (69-92% ROI)
- Window replacement (67% ROI or more, depending on material)
- Steel entry door replacement (65% ROI)
(Source: Remodeling Magazine)
Include Small but Meaningful Updates
People tend to think of whole-home renovations in broad strokes, but don’t forget about the small components of a renovation that add up to more than the sum of their parts. Here are some ideas that may be possible as part of your project:
- Expand a half-size closet into a full-size closet by borrowing some square footage from the adjoining room.
- Convert the single vanity into a double vanity for a more shareable bathroom.
- Install a covered porch to dress up your curb appeal and expand your outdoor living space.
- Add built-in furniture to your living room, mudroom, or home office.
Understand the Broader Capabilities of a Whole-Home Renovation
Of course, it’s possible to incorporate updates room by room, but whole-home renovations can change the entire theme and layout of your house. Think outside the box with these ideas:
- Improve the flow: If the current floor plan feels cramped or illogical, a home renovation is your chance to move walls, eliminate hallways, and redistribute square footage between rooms.
- Add new living spaces: Who says you’re restricted to the confines of your home’s existing walls? You can finish the basement or build a home addition to give your family more room to spread out.
- Renovate for accessibility: Whether your needs are changing now or you anticipate changes in the future, aging-in-place design ensures your continued safety and independence for years to come. Your options include wider hallways, walk-in tubs and curbless showers, stairlifts, grab bars, modified counters and toilet heights, and more.
- Improve the lighting: Today’s homeowners want the health benefits and lower energy bills of natural indoor lighting. Now’s your chance to enlarge the windows, add or upgrade light fixtures, and decorate with more mirrors and a lighter color scheme.
Know When to Hire a Professional
Small projects such as painting the walls, refinishing the hardwood floors, and replacing the countertops might be do-it-yourself projects — assuming you have the time, know-how, and skills needed for the job. However, whole-house renovations typically involve moving walls, replacing windows and doors, and performing plumbing and electrical work. These updates require licenses, permits, and years of experience.
That’s why you should hire an expert home renovation company like Marvista Design + Build. Team up with us for a start-to-finish, design/build solution! We make the entire experience as effortless and stress-free as possible, delivering exceptional customer service with your satisfaction guaranteed.
To begin your whole-house renovation, please contact us online or call (412) 652-9027.