So you’ve won the lottery, received a bonus, or inherited some cash, and now you’re wondering what to do with your newfound windfall. If you’re like most people, one of the first things you consider is making improvements to your living space. In remodeling your home, you can do a little or give it a complete makeover.
Complete Unfinished Parts of Your Home
Expanding your home may be as simple as finishing the basement or converting a loft to a bonus room. These projects add more livable square footage by remodeling your house’s existing footprint.
Finishing a basement can be a huge undertaking as it involves adding walls, floors, and ceilings, as well as extending power and plumbing, in many cases. Yet, if the basement is large enough, you can create an additional bedroom, bathroom, family room, or wet bar area. Before refinishing your basement, make sure it has been properly waterproofed.
Remodel Your Kitchen
For most homeowners, the kitchen is the hub of the home. You want the kitchen to look good and function well. That means you need the main work areas—sink, stove, and refrigerator—separated for food safety but close enough to work efficiently. The best way to do that is to arrange the work areas in a kitchen triangle. A kitchen triangle can help you cook more efficiently and reduce contamination.
As you remodel your kitchen, don’t be afraid to change the layout. Appliances and even sinks can be easily moved to achieve the optimal kitchen triangle. Start by gutting the kitchen and starting with a new blueprint.
Add Backyard Space
In adding backyard living space, you have many options. You may wish to build a large deck, perhaps with a gazebo and pergola, for summer fun and parties. Or, you want to add on a sunroom where you can relax the whole year round.
If your yard is large enough, you may also consider building a large shed for storage, hobbies, a workshop, or personal space—a so-called “man cave” or “she shed.” Many prefabricated sheds of various sizes are available. Install electricity, lighting, and heat, and air conditioning, and you’ll have a great bonus space.
You’ve probably been wanting to make changes in your home for some time. Remodeling your home is a smart investment, and if you’ve got the cash, it might be time to make it happen.
Read this next: How to Find a House That Best Suits Your Lifestyle
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