Ask Away Blog: The Top 10 Big Home Projects Worth Splashing Your Cash On

The Top 10 Big Home Projects Worth Splashing Your Cash On

Tuesday, May 3, 2022

 
Home renovations aren’t cheap. Whether you’re renovating your kitchen, giving your living room a facelift, or making your bedroom into a study, you will be spending a lot of money. But not all home projects are created equal. Some are worth spending more money on, while others aren’t. 
 
If you’re thinking about investing in a major renovation, you need to know how much you’re willing to invest. Here are the top 10 home renovation projects worth splashing your hard-earned cash on.

Image by Pixabay via Pexels


Install Solar Panels

When you’re thinking about renovating your home, one of the first things you’ll come across is the potential for solar panels. You can use solar panels to power your home, from charging your electronics to generating electricity for your hot water system.

Installing solar panels can set you back anywhere from $20,000 to $50,000. However, this is a one-time cost that you’ll only have to pay once. And over time, you’ll see that solar panels are one of the best ways to save money on your energy bill. This makes solar panels a worthwhile investment for your purse strings and home.

Add An Extension

Adding an extension to your home can cost anywhere from $20,000 to $80,000. It all depends on the size of the room you decide to expand into and the materials you choose to use for the extension.

You can choose to do anything from creating an open plan living space to adding an extra bedroom. Of course, increasing your home’s square footage won’t come cheap. But it really is worth spending money on. That’s because it’ll add zero’s to your home’s overall worth. And it can drastically improve your quality of life.

Create A Custom Bathroom

If your home comes with a decent-sized kitchen and a small bathroom, renovating the bathroom is an excellent idea. You can use the entire space to create a custom bathroom. Consider making the bathroom into a spa-like space that you can use to pamper yourself.

You can go all out and choose to create a spa-like bathroom that features a changing area, a sauna room, a steam room, a drinking fountain, access to your home’s entertainment system, and a blow-dryer. Or, you can choose to make the renovation into a luxurious master bedroom with a private washroom. You don’t have to go big, but quality bathrooms are never a waste of money because they’ll add to your home’s worth. And who doesn’t love a spa bath?

Upgrade Your Kitchen

From choosing the style of your kitchen cabinets to installing a new countertop, upgrading your kitchen is one of the best home renovations you can make. This will set you back anywhere from $20,000 to $50,000. If you want to choose the style of your kitchen cabinets, then you can go for a traditional look or a sleek and modern look.

The options open to you to renovate your kitchen are endless. And making the investment in it is a smart move. It’s a room you use every day without fail. So having high-quality finishes and appliances make sense because it’ll increase the longevity of your kitchen.

Roof Replacement

If your home’s roof is damaged and needs to be replaced, then this is a major home renovation that’s definitely worth your time and money. However, you should consider a few things before you start this renovation. First, if your roof is damaged because of hail or sustained damage from storms, you should hire an attic contractor to do the renovation. If not, you can remove the damaged roof panels and replace them individually, or remove the whole roof and replace it entirely.

Making improvements to the structure of your home when required is always a good idea. Doing it sooner rather than later means you’re less likely to be burdened with a bigger job. And you can upgrade as you go to make a more efficient home.

Replacing The Windows

Another one of the best home renovations to make is replacing your windows. If your home doesn’t have good-quality windows, you’re wasting money. It’s literally drifting out the gaps and can leave you hemorrhaging cash.

You can choose to go with double-glazed windows, which will help prevent your home from getting too much heat, or you can choose to go with sliding-glass windows. Of course, the quality of the windows and how complicated the style is will dictate how much you pay. But it’s worth spending to get the best looking home windows.

Upgrade The Water Heater

If your old water heater is more than 10 years old, it’s past time to upgrade. This upgrade could cost you anywhere from $5,000 to $20,000, depending on the heater’s brand, style, and complexity. You can replace your old water heater with a tankless water heater. The tankless water heater has no tank, and it heats up water as and when you need it.

Install A Quality Security System

There’s nothing worth spending your money on than home renovations to protect you and your family. Of course, if your home is susceptible to burglaries or robberies, installing a security system is a no-brainer. But everyone should have a security system, whether they’re exposed to burglary or not.

There are many types of security systems that you can choose from, including wireless security cameras, security alarms, security gates, and more. And thanks to the technological revolution, lots of systems won’t actually set you back that much. Consider incorporating a SMART home system so you can integrate all your home tech into one.

Complete A Basement Or Garage Revamp

Another excellent home renovation worth spending money on is adding a basement or a garage revamp. If you don’t currently have a basement, adding one will hurt your purse strings. But updating the one you already have doesn’t have to cost a lot but will add to your home’s worth and overall space.

Consider turning the basement space into a home office so you can embrace the home working life with both hands. Or renovate your garage into a space for your parents or in-laws to move into as they get into their twilight years.

Install A New HVAC System

This could be one of the most expensive renovations you can make in your home. If your home is powered by a fossil-fueled furnace or an outdated HVAC system, you should seriously consider upgrading it.

This renovation will require you to hire a contractor, and it will also require you to undergo an inspection before it begins. It should always be done by a professional, and you shouldn’t try to hash it yourself. Because it could end up costing you a bomb and not work correctly.

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When To Leave Home Projects To The Professionals (And When To DIY It)

Some updates to your home are worth doing simply because they make it look better. While some will add value to your home and improve your quality of life. But whether you’re adding more space, upgrading a kitchen, or installing solar panels, you need to know what you can do yourself and what you most definitely can’t.

Anything that requires structural work should definitely be left to the professionals. You don’t want to make an unsafe extension and put your family in danger. So don’t DIY it. The same goes for adding new systems like a new HVAC, water heater, or complete security system. There’s a reason there are specific contractors for these things. So leave it to them.

Cosmetic changes like kitchen or bathroom upgrades you can DIY yourself. Granted, some plumbing work might require a contractor. But most of it you can do yourself. So grab a paintbrush and get to work.



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