Celebrating over 30 years
One of the nice things about renovating your home is that you can enjoy the immediate benefits and improvement to your quality of life, but also be investing in your property’s long-term value.
That is, if home renovations really do add value.
That's a question on many homeowners' minds, and for good reason too. So today, let’s shed some light on the subject.
Do renovations really add value to your property? If you are looking for the short answer: yes! But also: maybe not.
Here’s what we mean.
Generally speaking, renovations will add value, but not all renovations have an equal effect. While some projects may offer substantial returns, others might not recover their costs. The key is to identify which renovations are likely to provide the most significant increase in property value.
There are few people in the world who don't appreciate visually appealing living spaces, so when it comes to renovations that pay, you want to focus on highly visible and commonly used areas. Let's take a look at some of the top examples.
When considering home renovations, it's also crucial to focus on projects that enhance the functionality and efficiency of a home. Here are four functional renovations that buyers love to see.
While many renovations can increase a home's value, some projects may not offer a good return on investment. Things like…
Before we go, let's talk about who should do the renovating. There are some projects that, if you have the time and skill, make for great DIY projects (and may really save you some money). But is this always the case? Actually, for most things, it's best to hire a professional. Here's why:
Here is the long and the short of it: home renovations can indeed increase property value, but the extent of the increase depends on the type of renovation, quality of workmanship, and local market conditions. By carefully selecting renovation projects and considering both financial and personal factors, you are ready to make the best decisions for you and your home!
At Fitzpatrick Painting and Construction, we have over 30 years of experience in bringing local homes back to life, and know firsthand the effect and value that our work offers. Don't hesitate to
contact us! We’d love to assist you in any way we can.
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