Okay, so you've been waiting to do some updating to your house but you are not sure what home renos you should do first. First off,ย awesome idea! I love the idea of renovating your house for two major reasons:
- You can make your house your own and feel like home; and
- The majority of the money you put into your home will likely come back to you when you go to sell or refinance.
WIN-WIN! With these two reasons in mind, I believe your first renovation should be one that will fulfill both.
Return on Investment (ROI)
Looking at the quantifiable return on investment (ROI), these are the top 3 large scale projects I found in my research that would yield THE BEST return:
- Kitchen
- Bathroom
- Income Producing Suite
On a smaller scale, these are the top 3 quickest and relatively inexpensive projects that can boost the best ROI:
- Updating Decor and Painting
- New Garage Door/Front Door
- New Wood Flooring
Important Considerations
The most important factor before deciding on what home reno you should do first is to address what your needs are. Are you planning on moving, and if so, when? Where will funding for your renovations come from? How much do you feel comfortable spending? Once you answer these fundamental questions you will feel confident with where to begin.
Hiring A Contractor
Are you looking for a quality contractor to help with your home renovation projects? Check out my husband's luxury custom renovations business. With over 25 years of experience in the industry and as a third-generation home builder, he provides the best quality work available.
Also, be sure to check out my article on What You Should Know Before Hiring A Contractor. If you have any other questions about what home renos you should do first or everything real estate, contact me today. Let me help you put down roots in our beautiful community.