There are many reasons homeowners want to renovate their homes. One of the major reasons these days is to increase the value of their home. How do you know if what you are doing is going to be a valuable home improvement? Are you also renovating in the meantime to add comfort while you are still in the home? Of course, so it is important to research the renovations that will return the most bang for your money.

Things to consider doing to spruce your home up that add value without a lot of cash out of pocket are cosmetic like painting, getting new updated fixtures and new flooring can add a lot of appeal to a home. These are manly things you can do or hire out to a local handyman. These little things are inexpensive but will give the impression of a clean kept up home which is what you want when you are putting money into your home. Other things that can make a large difference are things that just require cash not a lot of effort such as area rugs and fresh linens.

If you are looking for a home improvement project that is going to make a huge impact on a home’s value look into renovating the kitchens and bathrooms. They are often the projects that will involve hiring a contractor but can offer you the most added value upon resale and comfort while you still own the home. It is important to determine your exact motives when looking into any remodeling/renovation project to make sure that it is worth the time, money and effort.

When thinking about updates consider the range of time that you hope to stay in this home. If you are thinking that you are going to place it on the market in a year it is probably best not to begin a kitchen remodel that is going to take 4 months and cost upwards of thirty thousand dollars. I would think about projects in increments of time. If you plan on selling the house within four years from the time of renovation carefully do a cost analysis to determine if it is worth the expense. Will you get your money out of the project?

Projects to consider in this time frame range from new flooring, windows, a roof, siding, painting, freshen up landscaping and staining the deck. Things that are relatively inexpensive but that produce an appeal to buyers. If you are planning to stay in your home for a period of time greater than four years you can take on the expense of a kitchen or bathroom remodel and get your money out of the investment in the end. Plus you have had time to enjoy it and savor the changes that have been made.

There are many cost analyzers on the internet today that will help you financially determine if the home improvement costs are outweighed by the increase of value to the home. It is important in any renovation that you are satisfied with the end result and that appeal has been added to your home. You are the one that has to love where you live so also keep that in mind during your next renovating project.