Every single year there are American adults that set out to make renovations to their home. Thanks to a rising popularity in regards to renovation culture, people are more involved in do-it-yourself style projects and hiring professionals to remodel their homes than ever before. This is actually good, by the way, because remodeling has plenty of benefits.
According to a recent survey, almost two-thirds of homeowners are planning on renovating. This is a large portion of American and these people are looking to get a lot of their remodeling process. This can come by way of boosting the home’s resale value of potentially making cool additions to the home.
According to surveys conducted by the National Association of Home Builders, finished basements have become some of the most popular renovation projects over the past two decades. A lot of times this will involve people getting remodeling done to make entertainment additions. Here are all of the benefits of remodeling your home:
Remodeling Can Boost A Home’s Resale Value
Home remodeling renovations can bring some serious value to your home. Just about 35% of all remodeling jobs involve the entire home. General contractors refer to this as whole home renovations and often involve changing plenty of things.
The return on investments when it comes to remodeling is absolutely impressive. Just a minor kitchen renovation can end up having an average return on investment of 82%. Additions to the bathroom can potentially offer up an average of 86%. Furthermore, the average basement renovations, like home theater installations, will have a 70% return on investment.
Remodeling Can Spice Up A Home’s Design
Almost 76% of homeowners change the style of their kitchen during their renovation project. When you live in a home for more than five or ten years, you can potentially get bored of the interior design inside of your home. So when homeowners set out for their next project they may want to alter the style, appliances, and materials within their home.
Just about 90% homeowners are changing the style of their master bathroom during an upgrade. Again, people are going to be tired of their home’s design and are looking to spice and change things up. Some people want minor changes and some people want humungous whole-scale renovations that change all of the stylings of their home.
A United States Houzz and Home survey were conducted in 2016. This revealed that just about 68% of all homeowners plan to put in a recreational area into their newly-built customized home and renovation projects. It also revealed that just about 29% of custom built homes feature an entertainment or gaming room. So when people are remodeling they are looking to bring in some fresh features and fun items.
In Conclusion
When people set out to conquer their home renovations, they may tackle it all themselves. However, there is nothing wrong with getting help or consulting with a professional in this line of work. Your home should be of great value and importance to you and your planning so make sure you take care of all angles!