If you were offered $100,000, no strings attached, what home improvements would you do? Chances are, a long laundry list of changes come to mind, from refinishing the hardwood floors to adding a new bathroom. Some home improvements, however, are more likely to increase your home's value than others. Although you shouldn't think of your home as an investment, with limited home improvement funds, it's good to consider whether a project has a decent return on investment.
Consider turning two standard windows into an opening for beautiful French or sliding glass doors. Full-view glass doors really brighten up the space and a light and airy room is always more attractive. Also, with a view of the outdoors, the room will feel much larger. Another bonus is that modern doors are energy-efficient, cutting down on heating and cooling costs. That means more cash in your pocket now and a financial bonus should you decide to sell.

The amount of money you spend each month on energy costs may seem like a fixed amount, but many local utility companies provide free energy audits of their customers' homes. They can show you how to maximize the energy efficiency of your home. An energy-efficient home will save you money now, which can be applied to other updates, and is a more valuable and marketable asset in the long run.
If you have moderate DIY skills, and want to take it up a notch—now’s the time! YouTube is your friend. As long as you have the availability to learn a new skill, and take your time to do it right, your determination is your biggest asset. If you don’t have the tools required, renting them from a local hardware store will still save you quite a bit of money, versus hiring someone to do the work for you. Plus, rental tool due-dates are great motivators to finish a job!

Only 7 percent of handymen and painters say they routinely are tipped, though 28 percent say they receive tips for service that goes above and beyond. Remodeling companies expect a tip 6 percent of the time, with 18 percent tipped for top-notch service. Half of remodeling firms say their gratuities come in the form of food and drink, gift cards or personalized gifts.

According to Marc Appleton, “half the experience of living indoors is seeing the outdoors” So when remodeling your house install large windows. However, you might not have the budget to change your windows in that case play around with paint and paint your windows a shade lighter than the rest of the room to maximize the light coming through the windows.
If you were offered $100,000, no strings attached, what home improvements would you do? Chances are, a long laundry list of changes come to mind, from refinishing the hardwood floors to adding a new bathroom. Some home improvements, however, are more likely to increase your home's value than others. Although you shouldn't think of your home as an investment, with limited home improvement funds, it's good to consider whether a project has a decent return on investment.
If you have a larger budget and can afford to hire a carpenter to make custom-built shelves for your library, that’s amazing, and I 100% wish I could do that. But for those of us who are trying to stretch our dollars, there’s IKEA! I’ve used IKEA pieces as the base for my projects many times, from my cabinet workspace solution to my kiddos’ toy storage, and soon in the study at my new house.
Consider turning two standard windows into an opening for beautiful French or sliding glass doors. Full-view glass doors really brighten up the space and a light and airy room is always more attractive. Also, with a view of the outdoors, the room will feel much larger. Another bonus is that modern doors are energy-efficient, cutting down on heating and cooling costs. That means more cash in your pocket now and a financial bonus should you decide to sell.
As mentioned earlier painting affects lighting and when renovating your house you might opt for a new paint. In that case if you are already on a budget purchasing different colored pallets might seem counterintuitive. If you are on a tight budget then opt for a black and white palette, it will give your house a modern sophisticated look and you will have the guarantee that you can never go wrong with white or black.
For most people, their home is their single largest investment, so treat it that way. Hire a financial planner to work out a strategy for protecting your investment by analyzing all of the financing options that are available. A financial whiz can tell you if you should refinance to lower your monthly payments or pull out some equity to pay for value-adding improvements.

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As mentioned earlier effective planning is the key to effective renovation. If you are renovating yourself then you need to focus on both the bigger picture and the smaller parts. You might have heard the phrase “whole is greater than the sum of its parts”, you can apply the same strategy to your home renovation project and devise a renovation plan for each area in your house. If you hire an architect for renovation, he will assess your requirements and then renovate accordingly. In this case since you’re in charge, you will brainstorm your requirements, write your end goal for each space in the house and decide the overall goal, and then move on to:
Inspect prior work. When you talk to potential contractors, ask them for examples of work they have done that is similar to what you want. Find out if it is possible to contact previous clients and to inspect the work that was done for them. You will also want to ask the client if the project was finished on time, if they were satisfied with the work, and if there were any unexpected costs added during the project.
Realtors agree that top on most homeownes' list of wants is ample storage space. For less than $5,000, consider upgrading your home's storage by adding custom shelving systems to a closet or garage. The first step to really getting organized is de-cluttering. Start by sorting your belongings, then stash them away in your new organized closet or garage to really maximize your home's value.
Figure out your entire budget. Don’t forget things like eating out more than usual if you are doing a kitchen remodel or hotel expenses if you will have to move out of your home during any of the work. Decide if you need to split the project into phases based on how the budget is shaping up. If the contractor arranges financing for the remodeling work, be sure you understand all aspects of the terms, especially you are taking out a second mortgage on your home as security. You may want to ask about putting an arbitration clause into your contract in case of any dispute between you and your contractor.
Of course when selecting a contractor or skilled workers to help with your renovation, you’ll want to read lots of reviews or use personal recommendations from friends to choose someone you can trust. I highly caution against hiring a friend of a friend, unless you know of someone who had hired them in the past and had great things to say. I even would advise that you use caution when hiring friends and family to help, too. Someone might be a great friend but an awful contractor, and you don’t want to put a crimp in your friendship if things go south with your renovation. But on the flipside, when you have friends that you know are trustworthy and hard workers, your home renovation can be a great opportunity to give them work!
Home renovations have been some of the most exciting, but also most trying times in my life. My biggest advice is to just know yourself and what you’re cut out for, and don’t get in over your head, budget-wise. No beautiful home is worth the anxiety that comes along with consumer debt! If you have the extra money, it’s worth saving yourself the stress and hiring out the work, as long as you found someone good and trustworthy—otherwise it may equal even more stress! Sometimes homebuilding also equates to character building, and I’m talking about personal growth here, not investment growth. But the two aren’t mutually exclusive.
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