The term home improvement can refer to a variety of projects that can enhance the interior or exterior of a house. From additions to plumbing upgrades, home improvement projects can add value to your home. Read on to learn more. And get inspired to tackle your own home improvement projects. The possibilities are endless! So, get started! Below are some of the most popular home improvement projects:
Renovations
There are many different types of home improvements that you can make to your property. Some of these changes include repainting walls, adding new flooring, or replacing outdated fixtures. Others are more extensive, such as rebuilding the entire house. Remodeling is a process of transforming the entire home, often changing the overall design or use of space. Depending on the type of renovation, you can add value to your property before selling or renting it.
Additions
One common reason to add square footage is to accommodate an in-law suite. These suites are 600 to 750 square feet, and they typically include a living room, kitchenette, bathroom, and small laundry room. Costs vary, but most homeowners will spend between $78,000 and $135,000 for a full detached suite. Though comfort is often the top reason for home additions, you should also consider the return on investment.
Plumbing upgrades
The lifeblood of your home is its plumbing. Investing in quality plumbing upgrades is an excellent way to ensure a low risk of flooding and maintain the overall condition of the rest of the plumbing system. You should also consider plumbing upgrades when considering home improvements to increase the resale value of your property. Not only can they enhance the overall look of your bathroom, but they can also add a significant amount of value to your home.
Basement conversions
While there are a number of advantages to basement conversions for home improvement, they can be time-consuming and noisy. For instance, if your home was built in the late 1800s, the basement likely sits on a timber floor that has been suspended in place. This makes a conversion of the basement very difficult, and a professional contractor can help. A qualified design-build contractor can attack each phase of the process without any unforeseen problems.
Unsecured loans
If you need money for making renovations in your home but don’t have a lot of equity in your property, unsecured loans may be the way to go. Unlike home equity loans, lenders can’t foreclose on your home if you default on your loan. This makes unsecured loans for home improvement a good option for people with less than perfect credit, though you should be careful about the interest rate you pay on unsecured loans for home improvement.
Credit cards
If you’re planning on improving your home, you might want to consider using your credit card. Many credit cards offer rewards for purchases, so you can earn money while you’re working on your home improvement project. Many also offer 0 percent APR for a limited time, which is like short-term home improvement loans without the interest. But how do you choose the right card? Before applying for one, consider a few factors.
Weatherization assistance
Free government weatherization services can make your home more energy efficient and help you save money on heating and cooling bills. These services can cut your heating and cooling bills by almost 35% and your overall energy costs by over $400 a year. You can even get help paying for window repairs, insulation, AC or furnace tune-ups, or even a new roof! But you must contact the local weatherization provider in your area to see if you qualify for the program.