Enhancing every space in a home allows the homeowner to create a custom design. However, it is important to consider the immediate benefits of improvements, as well as the long-term financial benefits. Ideally, it is wise to invest in home renovation projects that offer the most benefits. This is particularly important if a property owner is considering selling in the future.

1. Kitchen remodel

For most people, the kitchen is the heart of the home and deserves a place on the project list. According to HGTV, homeowners can expect to recoup 60 to 120 percent of the investment in a kitchen remodel. Using modern colors to paint the kitchen goes a long way in giving it a fresh look. However, avoid paints that contain harmful chemicals, such as benzene, and opt for low-VOC paints. Replacing old appliances with Energy Star qualified appliances that use less energy and are friendly to the environment is also a worthwhile investment.

2. Bathroom addition

If a home has one bathroom, adding a second can help make a substantial return on investment. When deciding which room to convert into a bathroom, look at underused spaces, such as closets or areas under the stairs. Like any other home renovation project, the cost of this remodel depends on the additions and fixtures the homeowner desires.

3. Energy efficient additions

Many homeowners are always looking for ways to minimize their utility bills. Adding insulation to the attic and caulking all the cracks around the house is a smart move to save energy. A contractor can use a thermal leak detector to find leaks in the house and fix them. Using CFL bulbs can also reduce energy consumption, as they use 75% less energy than standard bulbs. Other feasible upgrades include installing a programmable thermostat and getting Energy Star rated windows.

4. Room extensions

Creating more space in the house can be a good idea for homeowners who live in an active real estate market. An owner can add two or more rooms, such as a sunroom, an attic bedroom, and a guest room, to add more space for their adult children or guests. Some people also want more dedicated rooms for entertainment, hobbies, and crafts, and all of these investments add to the overall value of the home. In some markets, buying a new home when a household grows can be considerably expensive. Therefore, it makes sense to add a few more rooms to accommodate all family members.

There are many home renovation projects that an individual can undertake to improve the value of their home while ensuring optimal comfort. It is important to take the time to inspect the house and decide which renovations to prioritize in a project. Also, the entire project can be made easier if a professional contractor is involved in each and every step.