Renovating your home can be as challenging as it is exciting. It might seem like there are plenty of potential home renovations to work on at any given time.
It’s not unusual to put things off until they really need to be done. But some signs shouldn’t be ignored. Delaying an important update could be costly in the long term.
Read on to discover five signs indicating you may need home renovations. If you notice any of them around your home, it’s time to get serious about those renovation plans.
1. Outdated or Damaged Floors
Has your flooring seen better days? Or are you tired of its current look? It may be time to renovate.
Quality flooring can make your home feel more luxurious and comfortable. Whether your floors are tiled, wood, or carpeted, giving them some time and attention could significantly increase the value of your home.Watch out for any signs of lifting. Detached tiles and planks aren’t just unsightly — they’re also a tripping hazard.
The life span of carpeted floors is around 10 years, but it will be shorter if you have indoor pets or a lot of foot traffic that can wear down and dirty the carpeting.
Wooden floors are durable but still subject to rotting over time if not taken care of properly.
The good news is rotting wood planks are fixable without replacing the flooring completely, as long as you act before the rot spreads. Evaluate the current condition of your flooring and make repairs or replacements where needed. This can refresh the look of your home and make it feel new again.
2. Obsolete Bathrooms and Kitchens
You’ve likely heard that the kitchen and bathroom should be the main focus when you want to add value to your home. Even in these function-heavy rooms, aesthetics are critical.
Making kitchens and baths look more modern could be as simple as installing new quartz countertops, shiny fixtures, or a set of new sinks. But if you’re looking at a full makeover, beginning from the ground up is a good strategy.
Start with the paint job, and then work from the floor up, focusing on eye-catching features like the bathtub, cabinets, and big-ticket kitchen appliances. Even just replacing an old oven with a new model can breathe new life into a dated kitchen.
Evaluate how up-to-date and attractive your kitchen and bathrooms currently are. If they’re looking worn or out of style, dedicate your renovation efforts to giving these important rooms a fresh, modern look.
3. Dysfunctional Home Layout
Your home may have been the perfect fit for your family when you moved in, but a lot can change over time, particularly as your children grow.
When you’ve done all the decluttering you can manage, and there’s still not enough space, you could remedy the crowded feeling by knocking out unnecessary walls to create a more open space or adding outdoor living areas.
Conversely, for those who have too much space, consider filling some of it with statement furniture or artwork. Extra space is a luxury many can’t afford, and it will add value to your home if you ever plan to sell.
Take stock of how your home layout is currently working for your family’s needs. Are there any changes, like removing walls or building additions, that could make the space more functional? If so, consider adjusting your home’s layout.
4. Electrical System Not Up To Par
Your home’s electrical system is something you typically don’t think about until there’s a problem. But keeping it updated is important for safety, functionality, and resale value.
An outdated electrical system can present safety issues in addition to functional problems like having fewer outlets than you need. Signs of an aging system include frequent tripped breakers, flickering lights, and outlets that spark when you plug in devices.
Replacing an old fuse box with a modern circuit breaker panel will make your system safer and more energy-efficient. Upgrading from 60 amp to 100 amp or 200 amp service will support more electronics and appliances running simultaneously.
While upgrading your electrical panel may be one of the pricier renovations, it also adds significant value. Any buyer will want to know the home’s electrical system is up to date and able to handle all modern devices and electronics.
Inspect your electrical panel and outlets and watch for any signs of problems. If your system seems outdated or faulty, make plans to upgrade it before serious issues arise.
5. Exterior Paint or Siding Needs Refreshing
Your home’s exterior surfaces make the all-important first impression on visitors. Keeping it looking fresh helps maintain your home’s curb appeal.
Just as with your home’s interior, the exterior paint and siding play a big role in your home’s appearance. If your exterior paint is faded or peeling, it makes a poor first impression and drags down your home’s curb appeal.
Freshly painted or stained siding and trim can revive your home’s exterior. If your existing siding is damaged or dated, installing new vinyl, brick, stone, or other type of siding can completely transform the face of your home.
Evaluate whether your home’s exterior surfaces need some care and attention. Keeping them maintained with quality paint or siding ensures your home always puts its best face forward.
So, Is It Time for a Home Renovation?
Noticing signs like aging flooring, outdated kitchens, and baths, crowded spaces, faulty electrical systems, or worn exterior surfaces means your home likely needs some renovations and updates. But how do you decide which projects to prioritize and when to schedule the work?
Consider which issues impact your home’s safety, function, and livability the most. These are the ones to tackle first. Updates that will increase your home’s value are also wise ones to take on. For aesthetic upgrades like flooring and paint, focus on the areas you use and view the most.
Renovations require an investment of time, effort, and money. But carefully chosen projects can make your home safer, more comfortable, and better suited to your family’s needs. If your home is showing its age, now is the time to give it some rejuvenating care.
FAQs About Home Renovations
How much does the average home renovation cost?
The average minor kitchen remodel costs around $21,000, while the average bathroom remodel runs $19,000. Whole home renovations average around $55,000. High-end luxury renovations can reach $250,000 or more.
Read more about budget-conscious home improvement projects here.
Should I take out a home equity loan to pay for renovations?
Home equity loans allow you to borrow against the equity in your home at competitive interest rates. This can be a smart financing option for major renovations. Compare interest rates and terms from multiple lenders.
What renovations bring the best return on investment?
Kitchen, bathroom, and exterior renovations tend to have the highest return on investment. Upgrading older roofing and electrical, plumbing, and HVAC systems also adds value. Projects that enhance curb appeal, such as new siding, paint, and landscaping, are well worthwhile.
How do I find the right contractor for my renovation?
Ask friends for referrals. Check online to find local, reviewed pros. Interview at least three contractors and check their licenses, insurance, and references. Get detailed quotes.
Should I DIY part of my renovation to save money?
Consider your skills and time availability. Simple cosmetic projects like painting are fine to DIY. Leave more complex work like electrical or plumbing projects to the professionals. Get contractor quotes before deciding.