Many homeowners renovate their house just after purchase to personalize it with their style, while some wait a few years to make some changes. Either way, renovating your home has multiple benefits. There are two types of renovations: total renovation; that includes changing the entire interior of the house and adding or removing a couple of areas.
Partial renovation refers to remodeling just a small part of the house, for example, the kitchen or a bathroom. Whether you go in for total or partial renovation, it increases the value of your house, makes it aesthetically pleasing and provides more comfort.
Here are some important reasons for house renovations.
- Safety
It is said that houses must be checked for structural damage every 5 years. Over time, there can develop leaks, cracks or foundation issues in a house that jeopardize the safety of the house and residents. Renovating the house will ensure that all damages are taken care of and all safety codes are met, making your home a secure abode.
- Value increase and efficiency
Remodeling your house largely increases its market value. Just putting in new windows, a fresh coat of paint and a new roof will increase its curb appeal.
Also, by installing new efficient systems that are eco-friendly and use less water and electricity, you will help the environment while reducing utility bills.
This is a plus if you plan to sell your house.
- Remodeling
A common reason for renovations is to make the house look modern. Over time, certain tiles, paint colors, toilets, kitchen counters, and flooring can look outdated. Even family members may be bored of the same old colors and styles. A children’s bedroom that was decorated when they were very young, will need a change once they are in college. You may also need to add a study or an office inside, few years after purchasing the house.
Making changes to bedrooms, bathrooms and other parts of the house will give your home a fresh, vibrant look.
- Increasing space
People may buy a house for a family of two. But as the family grows, there is a need for a larger space. Renovations are required to add rooms to the house, take down a wall, for example, to make a certain area bigger, or to make a new garage and garden. This larger space will again help increase the value of your home.
- Retirement preparation
If you are close to retirement and are planning to permanently stay in the current house, you may find some benefits of home additions to do with the place, like putting in anti-skid tiles, replacing bathtubs with showers or making your bathrooms wheelchair friendly.
Renovating before retirement, while you are still working and earning, will be cost-effective and help avoid plunging into your retirement fund.
Whatever the reason, renovating a home is always a wise decision. If you plan well and choose the right designers and contractors, you can take up a remodeling project that will fit your budget and still provide you all the refurbishing that you require.