Honestly, some rooms and space remodeling attract a higher return than others. Consulting with a whole-home remodel company before starting the remodeling process is helpful. The professionals will guide you on where to save and where to splurge. New designs keep popping up with the new age of technology. Remodeling a home space can also benefit you as you earn a passive income by renting out. Here is a guide to spaces favorable for a remodel.
The home office
Currently, more than 45% of Americans work from home. The pandemic has led many people to work remotely. Moreover, this flexibility of the work environment has enabled many homeowners to seek expertise in home office remodeling. Some of these spaces are used for multipurpose activities, such as a storage room for workout equipment and kids’ toys. One may increase the storage space to accommodate the home office by;
- Building shelves and cabinets
- Choosing covered cabinets to hide clutter
- Installing window blinds to direct sunlight during certain hours of the day
Remodeling costs should not be costly, as the design should remain simple. Moreover, some states allow tax-deductible for home office remodels. The average cost of remodeling will range between 400-1000 dollars.
The laundry room
Laundry rooms have become an essential amenity in many homes. One may create a laundry room by pushing out the hallway into a secondary bedroom or converting the storage closet. Inserting cabinet shelves can be DIY, thus saving costs. You may decide to splurge in purchasing energy-efficient appliances which use less energy and water. Ensure you have maximized functionality and storage space even though the room is small. Alternatively, you may decide to place the appliances on top of another or side by side. The average cost may range between 500-5000 dollars.
Bathrooms
The average cost is between 20000-70000 dollars. Accessories and features make the bathroom one of the expensive rooms to remodel. Dual sinks, floating shelves, vanity lighting, and framed rounded mirrors are some accessories homeowners add. An interior designer will help in blending the colors to give your bathroom the spa atmosphere. Additionally, they may decide to use remnants that are discounted for remodeling features for couples on a budget.
Master bedroom
While remodeling this space, ensure you don’t compromise rooms such as the bathroom and secondary bedrooms. Homeowners are willing to spend more on a walk-in closet. The master bedroom can also double as a reading room/office space for homeowners on a budget. Corners of master bedrooms by the window are customized to have a bookshelf, install a ceiling fan, and dimmer lights. Additionally, you may save from painting your master bedroom and investing in closet organizers. Roughly the costs may range between 2000-12000 dollars.
Kitchen
Quality countertops, kitchen islands, and lighting fixtures are a few features that attract home buyers. The average cost can range between 23000-50000 dollars. New appliances are a huge plus while remodeling. However, major changes to the kitchen attract a lower investment compared to minor changes by 19%. Instead of replacing the kitchen cabinets, you may opt for refacing them by either repainting or refinishing.
Living room
Open layouts are trendy and more desirable. Open floor plans improve the social atmosphere, invite natural light and feel spacious. One may modernize the living room by removing walls that attach to the dining room or kitchen. However, removing a structural wall is costly. Similar to the master bedroom, painting the walls yourself will save on costs incurred. Also, you may decide to splurge by investing in hardwood floors that have a high return of investment.
Avoiding structural changes such as electrical and plumbing systems can save you a lot of money while remodeling.