Whether you’re thinking about it as a way to increase property values or simply to increase your own comfort remodeling may be something to consider, especially if you’ve been in your home for a while and are suffering from the blahs. A recent cost vs. value report, shows that homeowners will recoup 82.7% of the cost on a minor kitchen remodel, an increase of more than five percent over previous years. But! Not all improvements are created equal; some are just out of range because of cost, so we’ve put together a list of great ways to up your remodeling ROI without breaking the piggy bank.
It’s the heart of the home; one of the best places to maximize your return on your dollar when it comes to remodeling. It’s also one of the first things people look at when considering whether to buy the house, so if you’re remodeling in hopes to sell keep that in mind. Remodeling can be things as simple as changing out fixtures, or replacing an old sink all the way up to full fledged tearing down walls and putting in islands of counter tops. If you’ve got appliances that are outdated or just don’t match it never hurts to switch those out during the process.
It can get forgotten pretty easily, tread under our feet every day, but truth is flooring can make or break a home – especially to potential buyers. If you can afford the cost consider switching from carpet to laminate or wood flooring as it often has a broader appeal and in the end generally has lower upkeep costs in the long run. Can’t spring for the new floors? Consider at least having your carpets or floors professionally cleaned if nothing else as that can breathe new life into old flooring.
This goes right along with kitchens. Bathrooms can be easily updated just by changing fixtures out, or changing cabinet doors. Go for a new color of paint and really up the wow-factor, or if it’s affordable put in a new sink or toilet.Tile looking tired? Replace it if possible or if not just give that grout some deep cleaning.
We all know you shouldn’t judge a book by it’s cover…but everyone does. It’s no different with houses; that’s one reason why it’s good to spend some time and budget on the outside of your home. Curb appeal is the word for what real estate agents call your home’s “first impression” to a potential buyer and it really does matter. So spend some time cleaning gutters, washing the exterior of the home, cleaning windows, and keeping the yard trimmed as basic ways to keep your house looking great. If you’ve got it in the budget consider possibly updating your exterior doors and windows, adding fresh plants to the flowerbeds, or changing out the outside lighting.
These are just ideas for some of the most beneficial remodeling options when balancing cost and return! There are any number of other great ways to increase your homes value, and your enjoyment of your home as well. We would love the chance to talk to you more if you are currently thinking about selling your home or buying a new one – it’s a great time to be in the market!