{"id":50186,"date":"2021-04-19T05:06:58","date_gmt":"2021-04-19T13:06:58","guid":{"rendered":"https:\/\/www.credible.com\/blog\/?p=50186"},"modified":"2022-07-01T11:19:02","modified_gmt":"2022-07-01T18:19:02","slug":"8-popular-pandemic-home-renovations-to-transform-your-space","status":"publish","type":"post","link":"https:\/\/www.credible.com\/blog\/mortgages\/pandemic-home-renovations\/","title":{"rendered":"8 Popular Pandemic Home Renovations to Transform Your Space"},"content":{"rendered":"

Home improvement projects skyrocketed in popularity throughout 2020, fueled by homeowners who were stuck at home and motivated to tackle longstanding to-do lists. <\/span>According to a recent HomeAdvisor<\/a> report, the average household spent $13,138 on home improvement projects<\/a> in 2020. Many homeowners are making plans for this year, too. <\/span><\/p>\n

Giving your home a makeover can be a smart way to increase your home value \u2014 and, in turn, your home equity. You\u2019ll also be able to customize your space to fit a new lifestyle.<\/p>\n

Before digging in, though, you\u2019ll need to consider what renovation you\u2019d like to take on, its price tag, and how you\u2019ll pay for it.<\/p>\n

Check out these popular pandemic home improvement projects and their price estimates, courtesy of the HomeAdvisor report:<\/b><\/p>\n

    \n
  1. Interior painting<\/a><\/li>\n
  2. Bathroom remodel<\/a><\/li>\n
  3. New flooring<\/a><\/li>\n
  4. A backyard oasis<\/a><\/li>\n
  5. Kitchen remodel<\/a><\/li>\n
  6. Exterior painting<\/a><\/li>\n
  7. New smart home device<\/a><\/li>\n
  8. New roofing<\/a><\/li>\n<\/ol>\n

    <\/a><\/p>\n

    \"Interior<\/p>\n

    1. Interior painting<\/h2>\n

    Average cost: <\/b>$2,007<\/p>\n

    Painting interior walls became one of the most popular home projects during the pandemic because it\u2019s relatively affordable and offers an immediate visual payoff.<\/p>\n

    A fresh coat of paint can totally change the look and feel of your home, and even novice DIYers feel comfortable trying it out.<\/p>\n

    Using the right colors can even add value to your home and help your home sell. A whopping 98% of America\u2019s top real estate agents claimed that buyers prefer neutral color schemes rather than bold or vibrant ones, according to a recent survey from HomeLight<\/a>.<\/p>\n

    Tip: <\/b>It costs about $2 to $6 per square foot to paint an interior room \u2014 around $200 to $1,000 per room \u2014 according to HomeAdvisor. Final costs will depend on the brand of paint and whether you DIY or hire someone to do the job.<\/p>\n

    If you don\u2019t have enough time or money to paint every room in your home, you can focus on painting one or two accent walls or freshening up the ceiling paint throughout.<\/div><\/div>\n

    Learn More: How Much Does It Cost to Paint a House?<\/a><\/strong><\/em><\/p>\n

    <\/a><\/p>\n

    \"bathroom<\/p>\n

    2. Bathroom remodel<\/h2>\n

    Average cost: <\/b>$13,401<\/p>\n

    With a totally stay-at-home schedule, bathroom remodels became a priority for homeowners who wanted to update some of the most-used rooms in the house.<\/p>\n

    Bathroom remodels also provide a great return on investment. For every dollar spent on a midrange bathroom remodel \u2014 which includes adding a new tub, toilet, and tile flooring \u2014 homeowners typically recoup 64% of their original cost, according to a recent report by Remodeling Magazine.<\/p>\n

    If you\u2019re in need of cash to pay for an expensive home renovation<\/a>, such as a bathroom remodel, consider a cash-out refinance<\/a>. Credible makes finding a good deal easy \u2014 you can compare our partner lender and see prequalified refinance rates in as little as three minutes.<\/p>\n

    Get the cash you need and the rate you deserve<\/strong><\/span><\/p>\n