Best Remodeling Projects to increase the value of your home
Now there are many remodeling projects that will add value to your home, primarily because they improve the quality of family life and of course, the ROI. That said, some offer more bang for your remodeling dollars than others. So, if you’re on a budget, you might want to prioritize remodeling projects and additions that add the most value.
In this article, we’ll go over a couple of remodeling projects that will add the most value to your home.
Remodeling the Kitchen
Now, this is a no-brainer because the kitchen is the heart of the home. Some experts believe that remodeling the kitchen can help owners recoup up to 120% they’ve invested. However, the key isn’t to go overboard and try to make the kitchen more elaborate than the house itself or any other home in the neighborhood.
Depending on the type of home you have, you wouldn’t want to invest in attaining a deluxe kitchen if your home dates to the 1900’s. For instance, if you have a home that dates to the 1900s, adding a deluxe kitchen will ruin the quaint personality of the space. So, even spending upwards of $40,000 isn’t going to add a lot of value, but it could end up making it harder to sell your home.
Painting Offers the Best Bang for Your Investment
Kitchen remodeling projects can be expensive, depending on what you opt for and when. However, if there is one thing you could change in the kitchen on a budget, we would advise it should be the colors. A fresh coat of paint will give your kitchen a cleaner look. Not to mention that paint is relatively inexpensive.
While you’re at it, if you think that the rest of the home could do with a few coats of paint, then don’t hold back. Use low-VOC paint which will make the kitchen ecofriendly, and you can be assured that the family will not be breathing in chemicals like benzene.
Add Another Bathroom
If you just have one bathroom, it is possible to recoup a big chunk of your investment by adding another bathroom. It is possible to recoup up to 130% of your investment when adding a bathroom.
Finding room for a bathroom in a home can be a challenge. However, you might want to look at the extra bedroom or some underutilized space. You might also want to consider the closets, space under the stairs etc. You’ll need around 18 square feet for a half bath and around 30 square feet for a full bath. A bathroom with a tub will be around 35 square feet.
Energy Efficient Windows
Many home buyers are looking for homes that are energy efficient. That means adding a pair of Energy Star rated windows, will help you save an additional $500 a year on cooling and heating costs.
Adding energy-efficient windows can help you recoup up to 100% of your investment. Furthermore, you’ll become eligible for the green energy tax credit. However, you’ll be looking at spending anywhere from $7500 to $10,000 for these windows.
There are lots of ways to update your home and bring real value not only on your ROI, but also to your family’s way of life. Especially if you love your neighborhood, schools and your location. Worth considering what you can do. Call a professional remodeler and let them know your budget, what you need and what you would like. They will be able to give you a good idea of the costs!
