A home renovation to an empty nest becomes a practical option for those ready for an upgrade, but not ready to downsize. Approximately 3 out of 4 empty nesters renovate their homes after their children move out, with projects including upgrading furniture, updating an office, remodeling a kitchen or bathroom, adding a home gym or home theater room, repainting walls, replacing flooring, and adding a hobby room. Learn about common home renovations to consider after the kids are out of the house.
A tax refund can make many small home improvement projects possible. According to the IRS, the average refund for tax year 2021 is expected to be more than $3,000, which is more than enough budget to paint a room, add a feature wall, or improve your home’s security. Home improvement projects that typically cost less than the average tax refund and can be completed quickly include adding a kitchen island; painting a house; adding a tile backsplash; replacing bathroom amenities such as cabinets, sinks, and fixtures; installing wainscoting, and upgrading a sump pump. Learn about home improvement projects that can be completed with a tax refund.
Unlike other forms of heating, such as radiators or forced air, radiant heating provides consistent heat throughout a room. These floor heating systems used to be considered a luxury feature, but today, homeowners are realizing the benefits of a radiant floor heating system, especially in bathrooms and kitchens.
There are two types of radiant floor heating – electric and water-based. Both provide consistent, efficient heat, can save as much as 15 percent on a home heating bill, are compatible with all types of flooring, and are relatively easy to install.
The cost for radiant floor heating depends on the system installed, but the cost is typically between $1,717-$6,047. Factors impacting cost include floor type and size, type of radiant heating installed, materials, labor, installation location in the home, and site preparation and cleanup.
Learn about radiant heating systems and the potential cost for installation.
To comply with most local building codes, in many instances, you need a building permit for home remodeling projects. Local building departments require a building permit to change load-bearing walls or install plumbing or wiring. Some building departments require permits for other types of updates as well. However, most building departments don’t require building permits for minor home remodeling projects such as painting and replacing carpeting. If a building department or other local authority discovers you didn’t pull a permit for a home remodeling project when it was required, you may face penalties—or worse. Depending on local ordinances, a buyer may be able to back out of a home purchase contract, the updates may need to be removed, homeowners insurance may not cover damages caused by unpermitted work, the homeowners could face fines, and more. Learn more about why a permit should be obtained before starting a home remodeling project.
The size of the rooms being renovated, underlying repairs, scope, materials, and labor are the primary factors that impact home renovation costs. Updates to kitchens, bathrooms, and appliances are more expensive home renovations, with a kitchen renovation averaging $25,000 and a basement finishing project usually cost around $20,000. Estimating a home renovation cost can be complicated – view this list of considerations to understand the potential cost of your home renovation project.
Eco-friendly home renovations will make your home more comfortable and help you save money over time. Learn about 10 eco-friendly updates that will make your home more enjoyable to live in and more attractive to potential buyers in the future.
The kitchen is the focal point for activity in most homes, being used for cooking, eating, family conversations, and more, which is why a remodeled kitchen can make time spent at home feel better, even if it’s a simple refresh. Kitchen remodels are typically a significant expense, so it’s important to consider all options before purchasing materials and hiring a contractor. Learn about steps you can follow to help plan your kitchen remodel and estimate the required budget.
If you’re planning a home improvement project, it may cost more than it did a year ago. The coronavirus pandemic caused the price of popular building materials to go up, some to their highest levels in years.
If you’re considering home improvements, there are plenty of projects worth taking on. Whether you’re looking to renovate a kitchen, add a home office or just change some fixtures, there’s a project for you.