If you are thinking about home remodeling projects, chances are you want to make the most from the projects you choose. That means you want the changes to be functional, beneficial, beautiful, and valuable to your home. If you are going to put money into the project, it only makes sense that you would want to get money out of the project at some point. Many home remodeling projects add value to a home. Here are just a few to consider.
Remodeling a bathroom including replacing fixtures, installing a new tub, tiling around the tub, putting in a new shower, changing the toilet and putting in a new tile floor can give you a huge return on your investment. Sure, bathroom remodeling projects are expensive, but they are highly useful and can give you a 74% return on your investment, on average, when you sell your home.
Buyers are definitely interested in and impressed by finished basements. Basements are versatile spaces that can be entertainment areas, extra storage space, bedroom areas, and much more. Having a finished space adds square footage to a buyer’s eye and they are often willing to pay more for a home with this home remodeling project complete. In fact, you should expect around a 78% return on your investment there.
If you have an older home, chances are the windows aren’t as efficient as they should be. Technology has come a long way as far as windows are concerned and buyers are looking for energy efficient windows in order to ensure that they will have lower utility bills. The good news is, they are willing to pay more for a house in order to get that feature. You can get up to 80% of your money back when you install replacement windows with energy efficient qualities. Plus, you will save money in the meantime on lower energy bills.
The kitchen is the home remodeling project that can give you the most value for your money. You could get up to 83% or your investment back when you sell the home and remodeling the kitchen can give you a lot of functionality and beauty in the meantime. Remodeling the kitchen can be a complete top to bottom gut job, or it can include little things like replacing the countertops and flooring and refacing the cabinets. Not every kitchen needs the same amount of work, but every home remodeling project should put the kitchen into contention for some upgrades.
Add A Deck
Homebuyers love outdoor living spaces and adding a deck to the back of your house can add a lot of value to the home. Wood decks are the most popular, but composite decks will last longer and will also pay themselves off when you sell the house. The deck can add aesthetic beauty to your backyard and give potential buyers the outdoor space they crave and are willing to pay more to have.