There are many reasons to renovate your home—but you and your family's overall happiness and satisfaction with your home are usually the main factors. 74% of homeowners have a greater desire to be in their home after renovations according to the 2019 Remodeling Impact Report published by The National Association of REALTORS® Research Group.
This report gives an in-depth look at the most popular home improvement projects and how they impact homeowners. They measure homeowners' happiness using a "Joy Score," from one (lowest) to 10 (highest) as well as the project's return on investment, enjoyment/desire to be home, and sense of accomplishment felt by homeowners after it's complete. Let's look at the best home improvements for a happier home according to the report.
Kitchen improvements are one of the best home upgrade options. After a complete kitchen renovation, 95% of homeowners have an increased sense of enjoyment in the space with a perfect Joy Score of 10. A new kitchen renovation or partial upgrade can also motivate you to keep this high-traffic area organized.
If you're interested in selling your home in the future, kitchen renovations have a high rate of return: about 52% of the value is recovered and 20% of REALTORS® report that kitchen renovations have helped close a sale.
Bathroom improvements follow right behind kitchen renovations in terms of popularity. Just like our kitchen, we spend a lot of time in the bathroom, which leads to wear and tear over time. It's not surprising that almost half of bathroom remodels are due to worn-out surfaces and finishes, while about 20% of homeowners report that they want a new look.
You can also opt for adding a new bathroom, which is beneficial if you live with more than two people. Homeowners rated adding a new bathroom as a 9.2 on the Joy Score.
While replacing your HVAC system offers no visual aesthetic, there are still many benefits. An energy-efficient HVAC system can help lower your utility bills and provides better temperature control. Improved indoor air circulation also helps prevent sickness and enhance comfort.
After an HVAC replacement, 57% of people reported better functionality and livability at home. This project is a more affordable option compared to other home improvement projects; the estimated cost is $8,200 and an 85% return on investment according to NARI Remodelers'.
Similar to bathroom and kitchen renovations, most people tend to replace or refinish wooden flooring due to worn-out surfaces. According to the 2019 Remodeling Impact Report, refinishing hardwood floors tend to be more popular than replacing the original floors and can help your home sell quicker. Refinishing your floors can have a 100% rate of return, making this home improvement worth investing in.
Besides rating on the Joy Score at 9.5, refinishing floors can also help you to declutter and throw away junk, opening up the space to show off your refreshed floors. Refinishing floors is undoubtedly one of the best home improvement projects.
When looking for a home, the paint job shouldn't be your first concern. Once you are settled in, though, a new full interior paint job can liven the space and fit the aesthetic you want, making your new home feel truly like yours. Even if you've been settled in your home for a while, a fresh coat of paint can revamp your space and make your home feel fresh and clean.
Painting is also a great feel-good project: it rates a 9.8 on the Joy Score and 68% of residents have an increased sense of happiness when they are home after this project. This DIY project can be easy for beginners with the proper research and equipment. Painting can even be a moderate workout, along with other normal household chores that can get you moving.
Adding to or creating an entirely new main suite for your house can give you even more privacy and space. After remodeling or adding a main suite to their home, 65% of homeowners feel more enjoyment while 69% feel a sense of accomplishment when thinking of the project, as it is no small feat.
While interior projects are usually more fun since they can be enjoyed day-to-day and give you a chance to redecorate, exterior home upgrades usually produce the best return on investment (ROI) according to the 2019 Remodeling Impact Report. Some of the top exterior home improvement projects include:
Worn down commonly used spaces like kitchens, floors, and bathrooms and updated aesthetics are the more popular reasons why people decide to utilize home improvement projects. From these six options, we can see that home upgrades not only maximize and beautify space, but can also make homeowners and residents more content.
If you’re looking to start a home improvement project and are unsure where to begin, these are some of the best home upgrade options to choose from. Make sure all debris and clutter are cleared during your renovation project by renting a dumpster from Bin There Dump That Corporate. Our dumpster dimension pricing includes delivery and pickup, driveway protection, and a full sweeping of the area after we pick up your bin. Connect with us to get started today.