The most worthwhile renovations are the ones that will make your home more appealing to potential homebuyers in your market. But you should also consider renovations that will increase your own satisfaction and make your home more enjoyable for your household.

Explore remodeling ideas for your kitchen, bathroom, bedroom, attic, garage — any part of your home. If you get inspired, start researching prices and come up with a budget. Then, contact a few remodeling contractors to discuss your vision and get accurate cost estimates.

The first step is making a detailed plan for your home improvement project, which includes researching designs and appliances, and creating blueprints. Next, work out an exact budget for your home renovation, allowing extra money for unexpected expenses or emergencies.

Search for home renovation and remodeling contractors and make your decision after interviewing three to five promising candidates. Finally, make a timeline for the project, then begin packing up and preparing for the renovation to start.

It depends on the home’s condition and what you plan to do with it. For example, if you plan to live in the home for a long time, performing renovations could make the home more livable and enjoyable. If your intention is to resell it, it might be worth the time, money and effort. Old homes typically cost less than new ones, giving you a built-in budget to perform the renovations. The home’s unique character might even provide a significant boost in value once the renovations have brought the rest of it up to date.

However, you need to conduct research to fully answer this question. Figure out how much it will cost to remodel the old home and decide if the return on investment is enough for you.

Some homeowners pay as much as $25,000 to remodel a home. But you can pay more or less depending on:

• The age of the home. Older homes tend to involve more work to update. 
• The size of the home. Larger homes tend to cost more to renovate than smaller ones.
• The condition of the home. Homes requiring structural changes or architectural plans will also cost more to renovate. 

Additional cost factors include building permits, as well as the costs of the required materials, paints, and flooring materials and labor. To get a better understanding of how much your home renovation will cost, discuss your project with several remodeling contractors and ask for price estimates.

Also read, “How much does a remodel cost?”

There are a number of highly effective, budget-friendly renovations you can perform on your home. Here are some ideas to consider: 

• Pressure wash your home’s exterior
• Paint your front door
• Replace your light fixtures
• Get new door knobs 
• Remove your popcorn ceiling
• Add new wallpaper
• Paint your kitchen cabinets 

And the list goes on. Chat with a few professionals to figure out how much your desired home renovations will cost you. If the prices exceed your budget, ask if the pros can suggest alternative upgrades that are more affordable.