Thinking About Remodeling? How To Maximize The Return On Your Investment

If you’ve ever gotten a windfall and want to invest in something useful, consider that home remodel you’ve always wanted to do. It’s something you can enjoy for years, and it increases the value of your property. Think about ways that you can answer the question, “How can I maximize my return on investment?”. You’ve got options, but they come at a cost.

Determining what type of budget you have to invest in a Miami house remodel can be difficult. After all, you want to get the most from every dollar spent. The most common price points that contractors suggest are $7,000, $20,000, and $50,000. Each gets you a different level of remodeling as offered by a contractor.

When you search for the term “invest in my home remodel,” you’ll get varying results. The area that you live in plays a significant role in how far your remodeling budget stretches. The size of the home is another factor. They are the two things you’ll want to consider the most when determining what your budget for a project will be.

If you’re considering reselling your home, a kitchen or bathroom remodel is imperative. It’s where you’ll see the biggest return on your investment. Improving the curb appeal of the property is also very important as the smallest details count to buyers who don’t want to spend their own money remodeling a home they just bought.

Let’s take a look at $12,000, $30,000, and $60,000 remodeling budgets so you’ll know how to “invest in my home remodel.”

$12,000

It may not be the most significant budget but it could make an impact when used intentionally. You’ll need to determine whether you want a small improvement to a large space or a big improvement to a small room. No matter what the choice may be, the contractor can do some things to give your remodel the most bang for the buck.

For example, painting existing cabinetry can be a cost-effective way to improve a kitchen. It gives the area a fresh new look and makes room for the addition of new appliances or countertops. You don’t need to choose between the two options because you can easily afford both.

Improve your bathroom with the addition of modern fixtures and new flooring. A small window or new wall light can make a difference in the appearance and usability of the space. It will be better lit and ventilated, making it more comfortable to be in long-term.

$30,000

You can quickly transform a kitchen with a budget of this amount. Some ways that you’re able to do so is by adding new counters and cabinets as well as all-new appliances and a fresh coat of paint to walls. You can make it easier for you to continue to upgrade the space when you have a budget of $30,000.

A Miami house remodel can also give your medium-sized bathroom an instant facelift. Heated flooring, a new bathtub, or walk-in shower are some possibilities to explore. Although they aren’t exactly necessary, they do put your budget to good use because the bathroom is one room people in the home use regularly.

If the interior of the home is less of a concern, you can spend the money on landscaping. It helps improve the exterior of your property and make it more welcoming for your neighbors and guests to see. You can put up a privacy fence or finally build the pergola you always wanted for your residence.

$60,000

A much bigger budget allows you to explore all types of options when it comes to a home remodel. You can add a room to the house by converting a porch or garage. If you have a large family with teenage children that need their own space, it may be an idea for you to explore.

You can also hire an interior designer with experience to help you decorate your home. They’ll be able to shape your decisions concerning furniture and décor items. You’ll be able to see your ideas come to life with each choice of fabric, color palette, and material you opt for inside your home.

A deck, covered patio or fenced-in garden are other options if you want to improve the outdoor spaces found on your property. Spending time outside will be a no-brainer once you’ve remodeled your backyard. You’ll want to be the family that hosts cookouts and swim parties.

A Home Remodel is Worth Every Penny You Invest into It

“How can I maximize my return on investment?”. It’s far easier than you imagined. Take the money that you’ve come into suddenly, and invest it into your Miami house remodel.

See for yourself what makes us the best residential construction company in Miami. Contact us today for more information about our services, prices, and guarantees. If you want to work with a local team that values honesty and integrity, you’ve come to the right place. Give Bigfoot Construction a call today to discuss the project you have in mind.

Wondering how soon you can start your residential construction project? Review our post on how soon you can get started here. (https://www.bfcmiami.com/hiring-a-residential-contractor/soon-can-start-residential-construction-project/)

Ready to start yours? Call us at 305.762.9520‬ or schedule a consultation today to discuss the details of your South Florida home project plans.

Interior Remodeling Time & Budget: What To Expect

Interior Remodeling Time & Budget: What To Expect

Committing your time and money to an interior remodeling project can be daunting. The most crucial point in the interior remodeling process is planning. 

Our team has completed numerous interior renovations. Utilizing our extensive historical project data, we have put together various cost estimates and timelines for your interior project. The cost of each project can vary greatly dependent on any changes to layouts, materials, and the general specifics of the job. Taking time on the design process is extremely important in order to avoid potential delays and costs.

The following prices are generally where each respective project starts, but the prices can range depending on the unique characteristics of each project. If you hire Bigfoot Construction for your Miami renovation or remodeling job, these are the prices you can typically expect. The price of the project is determined by the finishes selected and the scope of work. Below are some general starting costs for interior renovations. The prices listed do not include any bathroom finishes such as fixtures, tile and millwork.

Interior Remodel – Starting at $50,000-200,000+

Design Process Approximately 1-3 Months
Construction Process Approximately 3-8 Weeks

What Takes Up So Much Time & Money?

The cost of your project is entirely dependent on the amount of work needed to complete your renovation. It is important to remember that your renovation makes two positive impacts on your home.

  1. Added enjoyment from your home
  2. Added resale value and increased equity in your home

Take a look at some of the time and cost elements for some popular interior renovation projects.

Adding Square Footage/Knocking Down Walls

Want to make a huge impact on your living space? Removing walls and adding square footage is a great way to make an impact. There are many factors that play into cost, including:

  1. Structural walls that are bearing loads
  2. Walls and ceilings with texture
  3. Plumbing, electrical, or HVAC that need to be added or relocated
  4. Lead painted walls

Our partners

Our team at Bigfoot Construction handles the entire buildout of a renovation project. As an complementary added service, we also extend our network of specialty partners to get the job done. A few of those specialty partners include:

  1. Architects
  2. MEP engineers
  3. Structural engineers
  4. Specialty tradesmen

Wondering how soon you can start your interior remodel project? Schedule a consultation today to discuss the details of your South Florida home project plans, or call us at 305.762.9520‬