How to Get the Best ROI on Your Home Remodel
Home Renovations That Return the Most at Resale
Whether you plan to stay in your home for a long time or for just a few years, it’s always smart to know which home renovations add the most value to your house. One might be shocked to know that putting in a brand-new bathroom could actually have less value in the future than installing new gutters. But how? People want to take the basic home systems for granted. They want to assume the roof won’t leak, the basement or crawlspaces won’t flood, and the plumbing is clear. However, that doesn’t mean granite countertops or steam showers don’t pay off. Read on to learn about how to get the best value out of your next home remodel!
Kitchen & Bathroom Remodels
No matter what, springing for a kitchen or bathroom remodel is almost always a sure-fire investment, often returning more than 100 percent of the cost. Kitchen and bath remodels continue to be two of the best investments you can make in your house since they’re usually the most expensive areas of the home in terms of construction.
When redoing your bathroom to increase your resale value, think traditional: all-wood cabinets, commercial-look appliances, natural wood or stone floors and stone countertops. However, don’t spend money remodeling the bathroom if it’s the only one you have. Your money is much better spent adding a second bathroom since adding another mid-range bathroom means you could recoup as much as 55 percent of the cost and add more than $20,000 to the value of the home.
Home Maintenance Renovations
You can start the most beautiful remodel project in the whole neighborhood, but even the most stunning kitchen and bathrooms lose their glamour when there’s water damage or a leaky roof. When it comes to remodels and renovations with the best return-on-investment, every homeowner’s first priority should be keeping the existing structure sound. There’s no reason to spend $40,000 on a brand-new kitchen remodel if the siding has rotted and fallen off. It’s less fun, but more important to resolve the structural issues first and renovate the luxuries later.
Since more than 70 percent of buyers looking at new homes already knew they were going to remodel before they even closed the deal, buyers are more likely to buy the home and remodel than buy the home and put on a new roof. A roof replacement is a great home renovation you can do to increase the overall value and security of your home.
Curb Appeal Renovations
Sometimes, it’s not always about what’s inside that matters. Investing in factors that boost your curb appeal can give you a surprisingly pleasant ROI. Things like adding a front porch, adding beautiful landscaping, and replacing your home’s siding all rank highly with favorable renovations.
You really want to convey a sense of welcome. If all of your remodeling is on the inside, but the outside is less than friendly, you’ll never have a chance to even show the inside!
Call DiFabion Remodeling for Your Next Home Remodel
It’s important to remember that no matter how valuable a home remodel is, you have to measure the value you get out of your use and enjoyment of the home. A $30,000 kitchen remodel does little good if it doesn’t work with the functionality of your day-to-day life.
Are you ready to start your own home remodel or renovation? The expert remodeling contractors at DiFabion Remodeling are ready to assist you in your next Charlotte-area home remodel. Take a look at our gallery of kitchen remodels, bathroom remodels, and more!
Ready to start a project of your own? Contact us to get started today!