5 Tips For Maximizing Your Renovation Investment

Posted on | February 23, 2012 | 3 Comments

A renovation is a huge investment, and it’s important to make sure every dollar spent goes to the best possible place. We’ve asked one of our favorite Charlotte remodelers, Duane Johns, of Advanced Renovations, to shed some light on the best places to spend your remodeling dollars.

Have A Plan
Spending too much initially can jeopardize your renovation investment. Duane recommends going into a remodel with a solid, detailed plan and a comprehensive budget based on careful research. Advise your contractor and/ or designer of both your plan and your budget beforehand so they can make decisions within that framework and alert you if your goals are unrealistic.

Images Courtesy of Advanced Renovations

Focus On Kitchens And Bathrooms
Duane notes that buyers love kitchens and bathrooms. These rooms often “seal the deal” when it comes to selling homes, so spending a little extra money on appliance, cabinet and fixture upgrades is a wise decision. Always make choices that reflect your neighborhood. Under or over-improving for your specific area can diminish your overall return.

Upgrade Your Insulation
Making your home more energy efficient is a low-cost process that can pay off in big ways in the future. While upgrading your insulation is a good start, Duane challenges homeowners to think of a number of other, smaller ways to improve your home’s energy efficiency, including weather-stripping, choosing energy-efficient appliances and sealing every place air can get in or out, including windows, doors, outlets and holes.

Give Your Front A Facelift
“You never get a second chance to make a first impression.” This is as true for homes as it is for people. Duane suggests investing in your home’s curb appeal by fixing up the exterior. Spruce up your entryway, porch, driveway and sidewalks, and add or maintain attractive landscaping.

Add Square Footage
“Adding square footage will get you a guaranteed return on your investment,” Duane notes. But he cautions that the type of square footage you add is very important. “First of all, it must be heated space. Secondly, it must be functional space. A game room is not as smart an investment as a bedroom.” Keep in mind that if you’re adding on a room, you can use the space for anything you want. Just make sure it has a closet so it can officially be considered a bedroom.

A Charlotte contractor that utilizes state of the art construction techniques and sustainable building practices, Advanced Renovations addresses the needs of homeowners in the Charlotte, Lake Norman and Coastal Carolina areas.

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Comments

3 Responses to “5 Tips For Maximizing Your Renovation Investment”

  1. Ellen
    February 25th, 2012 @ 4:27 PM

    beautiful images and good advice!…..smiles

  2. Jim Eathorne
    March 6th, 2012 @ 11:04 AM

    Very insightful post which I have shared with the followers of my firms facebook page. Extraordinary Works / EW Kitchens. If you have any issues regarding it’s use please do not hesitate to let me know. I would be happy to remove it. Thank you and I do enjoy your blog which I came across via the Kitchen and Bath Industry Marketing Group.

  3. Liz Hughes
    March 8th, 2012 @ 12:18 AM

    I am glad that you enjoy our blog and have shared it with your readers.

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