Home Renovations That Provide A Return On Your Investment

Before you decide to break the bank and get an extension on your property or a brand new kitchen, you have to make sure that you will be able to see a decent return on investment. You may not want to sell your property any time soon, but knowing how much of the money you spend you are likely to come back to you at some point is always an interesting question. Let's take a look at the home renovations that are the best value for money.

The Boring Things

Most of want to do home renovations because we want something new. We want that brand new kitchen or bathroom. We want our living room to be larger and in a different color. We want to have a bedroom worthy of the 1001 Arabian Nights. However, we have to think about the boring things, the things we can't see first. The first thing you should check, therefore, is your roofing.

Make sure the roof does not leak. If leakage is occurring have it fixed immediately. It's probably a result of flashing failure.

There are more of these types of things that you should check, including your chimney, your guttering, your walls, your foundations, your plumbing and your electrical systems. These things all add tremendous value to your home. However, although regular maintenance is absolutely necessary, if you don't intend to sell your house any time soon, you may want to postpone any plans for expensive replacements.

Your Kitchen 

Once the boring stuff is out of your way, you can start looking at those things that give you real enjoyment as well. One of the home renovations that give a high return is changing your kitchen.

The younger buyers, especially the baby boomers, want a modern kitchen with the cooktop stove and nice cabinets, not to mention wine coolers and subzero refrigerators.

Interestingly, if you only have a small budget available, even making small changes can make a huge difference. You do have to make sure you have this work completed by a reputable contractor. Search for companies like ApolloInteriors to make sure your job is completed on time and within budget.

Your Front Door 

If you want to renovate your home on a very small budget but achieve a big return on investment, often above and beyond what you actually spent on it, all you really need to do is change your front door.

The top-ranking home improvement? A new front door, which on average adds 96.6 percent of the amount you spent to the value to your home, according to Remodeling magazine's annual Cost vs. Value Report for 2014.

You do have to make sure that you choose a front door that is popular on the market today. It has to fit with the house and with the overall street. It should also be insulating, with most people preferring UPVC and double glazed doors. This is all about curb appeal. When someone comes to view your property with the intention to buy it, the first thing they will see is your front door. They say you never get a second chance to make a first impression, and this is true for your home as well.

There are various other projects that will give you a good return. Renovating a bathroom is one of them. However, other things will cost you a lot and won't show much of a return at all. A pool, for instance, is seen as a maintenance burden and may actually decrease the overall value of your home. There are many things to think about, and a good renovation company will be able to discuss all these issues with you.