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.