Home Remodeling Projects with Big Returns
You’ve just bought a house on a great lot in the perfect location with the perfect price. But maybe the house isn’t exactly perfect? But you knew this when you bought it and are ready to now make it great. Some dream of fancy counter-tops and a gourmet kitchen and steam showers in a up-t0-date bathroom. But what if you have leaky roofs or an old HVAC system that need to be fixed or replaced also? Which would yield better results if you were to sell the home? Which would give you a better return? Oddly enough, the later. If you have a leaking roof or an unreliable AC (especially in our HOT summers), buyers usually won’t look past that, no matter how awesome the kitchen looks. Here is a list of home remodeling project with big returns to help guide your reno.
If your yard is one of the things that are not quite up to par with the rest of your home, a little color and a touch of hardscaping can make a huge difference in curb appeal, which is a great equity-booster. If people drive by your home and you don’t make a good first impression, they’re not going to walk inside. Here are some things your can do for a basic landscaping upgrade:
- Flowering shrubs
- A 15-foot-tall deciduous tree
- A flagstone walkway
- Two 6-by-2 stone planters
- Fresh mulch
Are you running for buckets when it starts to rain? Getting a new roof is then your number one priority! Are you unsure whether you need a new roof? Here are some indications:
- Shingles are missing, curling up, or covered in moss.
- You notice gritty bits from the asphalt shingles on the front walk or in the downspout.
- You see sunshine peeking through your attic.
- There are stains on ceilings and walls.
- Your energy bill is sky high.
You are more likely to recoup the cost of new siding than a major kitchen or bathroom remodel. Replacement siding also offers the added benefit of being low maintenance, an important issue for cost-conscious buyers. Vinyl siding is more cost-effective and has a slightly higher return value than a fiber cement siding. It also has the added benefit of coming in any color and you’ll never have to repaint again. However, vinyl siding lacks the perception of quality and quality is considered one of the most important characteristics that home buyers focused on buying a home.
There are many home reno shows on TV, flipping older homes that get excited every time they pull back carpet to find hardwood in good condition underneath, with good reason! Hardwood flooring is a timeless classic. Whether it needs to just be refinished or if you are adding them for the first time, it is one remodeling project you won’t regret. Both options have great return values.
Adding a Patio or Deck
You’ve already given your yard an overhaul, why not have a space to admire your handy work? How about that deck or patio you’ve been dreaming of? Typically, a homeowner can recoup more than the cost of the addition of either, with patio additions seeing a slightly higher return than decks.
Insulation is out of sight and often out of mind. That is until you find yourself covered in a heap of blankets in the middle of winter because it’s just too darn cold inside. Not only will you recoup most of what you invest in added insulation, you will save on heating and cooling costs each month as well.
Updating the Garage Door
As yet another curb appeal boosting remodel-it’s no surprise that updating your garage door made it on this list! Garage door replacement comes at a modest cost compared to the high rate of return and you have tons of finishes, colors, and options available.