The pandemic has forced many homeowners into a moment of reflection, according to the Bank of America, which reports that 70% of homeowners took on a home improvement project during 2020. Even more people are expected to do so over the course of the coming year. What type of projects are likely to offer the most long-term satisfaction?
From our experience as a home improvement company near Billerica, we can say that Realtor.com’s annual reporting appears to be right on the money. Kitchen upgrades, bathroom renovations, and adding more space to the home – whether that’s through an addition, sunroom, or finishing the basement to create an in-law apartment – are among the projects that are most likely to deliver positive results in terms of the increased value of the home as well as homeowner satisfaction.
About Kitchen Upgrades
Typically, kitchen renovations happen once every 10-15 years. However, the COVID 19 pandemic led to families using their kitchens in new and unexpected ways. The increase in the number of meals cooked and consumed at home has made renovating the kitchen to include more work and storage space a top priority for many homeowners.
About Bathroom Renovations
Spending more time at home has also led many families to realize their current bathrooms could use a little work. One common situation is that family bathrooms that catered to smaller children are now being used by those same children as teens and young adults. Another popular bathroom upgrade is renovating the master bath into a spa-like restful retreat.
About Adding More Space to the Home
Not only are more people spending more time at home, more and more families are having one or more generations sharing a single residence. More people need more space! Popular ways to address this include having an addition built – first floor additions are most common, but second and even third story additions are also an option. To add storage space to the home, having a pantry built or finishing a basement are very satisfying home improvements.