Things I Learned as a Realtor on Where to Invest in your Home
Like many interior designers I have come to this career after a few other occupations. I have been a licensed Realtor for just shy of ten years and have seen the good the bad and the ugly when it comes to homes and home renovations. I can also tell you from first hand experience that renovations are no small task. Your home will be a mess, it will probably take longer than you thought, and most likely cost more. So why do it?
Put Your Money Where Your House Is
Investing in your home can improve its value, comfort, and functionality. The top renovation investments you can make in your home and where you will get the most back regarding the value of your home are kitchens and baths. We will tackle kitchen renovation in this blog post as I do believe it is the best investment in your home, with bathrooms coming in as a close second.
The kitchen is often considered the heart of the home, and a well-designed, updated kitchen can significantly increase your home’s value. Invest in high-quality countertops, appliances, and fixtures. Consider an open concept design if feasible, as it can make your home feel more spacious.
So let’s break it down. A kitchen renovation is often considered one of the best investments in home improvement for several reasons:
Increased Home Value: A well-executed kitchen renovation can significantly increase the value of your home. Kitchens are a focal point for many buyers, and an updated, attractive kitchen can make your home more appealing and fetch a higher selling price if you decide to sell.
Enhanced Aesthetic Appeal: The kitchen is a central gathering place in most homes. A modern, aesthetically pleasing kitchen can improve the overall look and feel of your home. Upgrading countertops, cabinets, fixtures, and flooring can create a visually appealing space that you and your family can enjoy.
Improved Functionality: A kitchen renovation allows you to optimize the layout and functionality of your kitchen. You can add features like an island, a pantry, or additional storage, making the space more efficient and user-friendly. This can improve your daily quality of life.
As a real estate agent I often saw people renovate in order to sell, instead of renovating to use the kitchen and enjoy it for themselves. That always made me a little sad, because its a lot of time, mess, money and stress to renovate, so to do it for the next home buyer seems like a waste.
It’s important to note that the return on investment for a kitchen renovation can vary based on factors like your location, the extent of the renovation, and the current real estate market. To maximize the return on your investment, it’s advisable to carefully plan the renovation, set a realistic budget, and work with experienced professionals (like Rebecca Staub Staging & Design) who can help you make informed decisions.
Hiring an interior designer for a renovation can be a wise investment for several reasons:
Expertise and Experience: Interior designers have the knowledge and experience to plan and execute a renovation effectively. They are trained to understand design principles, color theory, and space planning. This expertise ensures that your renovation project will be well-executed.
Creative Vision: Interior designers have a keen eye for aesthetics and can help you create a cohesive and visually pleasing design concept. They can offer innovative ideas, color schemes, and material selections that you may not have considered on your own.
Budget Management: Interior designers can help you establish a realistic budget for your renovation and then work to stay within it. They can suggest cost-effective alternatives and help you allocate your budget effectively to achieve the best results.
Time Savings: Renovations can be time-consuming and overwhelming, but an interior designer can streamline the process. They can handle project management, coordinate with contractors and suppliers, and ensure that the project stays on schedule.
Access to Resources: Interior designers have access to a network of industry professionals, including contractors, tradespeople, and suppliers. They can connect you with reputable professionals and negotiate better prices on materials and furnishings. Check out our recent post on Highpoint Market for more on this.
Customization: Interior designers can tailor the design to your specific needs and preferences. They can create a space that reflects your personality and lifestyle while ensuring it functions optimally.
Saves Money in the Long Run: While it may seem like an added expense upfront, hiring an interior designer can actually save you money in the long run. Their expertise can prevent costly mistakes, such as purchasing the wrong materials or making design decisions that you may later regret.
Value Enhancement: A well-designed renovation can significantly increase the value of your home. An interior designer can help you make choices that not only meet your current needs but also appeal to potential future buyers, should you decide to sell.
Attention to Detail: Interior designers pay meticulous attention to every detail, from selecting the right finishes to choosing the perfect furnishings and accessories. This attention to detail can make a significant difference in the overall quality of the renovation.
Stress Reduction: Renovations can be stressful, but an interior designer can take much of the burden off your shoulders. They handle the logistics and decision-making, allowing you to enjoy the process more and reduce stress.
Professional Networks: Interior designers often have connections in the design industry, allowing them to source unique and high-quality materials and furnishings that may not be readily available to the general public.
When hiring an interior designer, be sure to choose one whose style aligns with your preferences and who understands your goals for the renovation. Additionally, check their credentials and references to ensure they are qualified and reliable. Collaborating with a skilled interior designer can turn your renovation project into a successful and enjoyable experience.
Are you planning your own dream home and need some guidance on how to make the project come together? Or are you exhausted by all the little details you have to decide on? We can help. As you can see we practice interior design in Ridgefield, CT and beyond. Let’s have a conversation and bring your dreams to reality. Click here to schedule a free discovery call today. You can also follow us on Instagram to see our daily updates!