If you’re thinking of remodeling your home, chances are it’s for one of three reasons. Either you’re looking to make improvements that will benefit the current occupants, you’re looking to sell, you’re looking to make a worthwhile investment that will increase the value of the home, or else a combo of the aforementioned motives. Not all home remodeling projects are worth the investment. In some cases, they can even deplete a home of its value. We’ve got five worthwhile remodeling ideas that will more than likely increase the value of a home.
1. Siding Replacement
While this remodeling project isn’t exactly exciting, replacing your home’s outdoor siding will eliminate the need for expensive, continuous maintenance and, in most case, you’ll be able to recoup a large portion of your investment. In fact, the return on investment is about 72.9% according to the National Association of Realtors. Keep in mind, this return is only applicable with vinyl siding. Vinyl siding will also give your own a nice face lift and increase its curb appeal for as long as you choose to live there.
2. Entry Door Replacement
According to the most recent In-man Cost. vs Value report steel front door replacement offers the second highest return on investment when it comes to home remodeling jobs. With a low cost, somewhere below $1,500 and a 91% recoup when sold, it is hard not to consider this domestic redo. Steel doors offer an extremely durable and resistant barrier between you and the rest of the world. They can also become the focal point of a residence and seriously boost curb appeal. Moreover, in previous years Energy Star doors warranted a hefty tax deduction. Whatever your reason, if you’re looking to improve your home but only have a few thousand dollars to throw around a steel door may be the answer.
According to the Washington Post, a yard remodel can offer anywhere from a 100 to 1,000 percent payback. From adding fences to new shrubs, most landscaping remodels start with a design plan. While a professional job is desirable, you can often utilize garden centers and nurseries to help you with the leg work. From there, acquiring, installing, and maintaining the plants and infrastructure can be done by you or a professional landscaper.
Bathroom remodels are significantly cheaper than most rooms in the house. For one, there is going to be less square footage to cover. Bathroom remodels can incorporate to or resurfaced baths, floors, tile, toilet, sink, vanities, wall fixtures, and lighting. Depending on what needs to be done, a remodeled bathroom could cost you anywhere between $1,000 to %15,000. The steeper price tag includes labor costs. However, with a basic knowledge of plumbing and electricity and a bit of elbow grease, many jobs can be completed without the help of a professional.
5. Minor Kitchen Remodel
An upgraded kitchen can often spearhead a quick sale and it is often the first entered and most frequently occupied space in a home. It is also costly and inconvenient to remodel. Common upgrades include new appliances, new cabinets, upgraded floors, new countertops, a fashionable sink, and a fresh coat of paint. Unless you’re a contractor, a full kitchen renovation could cost you well over 50K. However, minor kitchen renovations, which don’t cut corners but incorporate budget friendly furnishings, could slash your renovation price tag in half. They also offer a hefty reimbursement at the time of sale.
Many homeowners are eager to redo outdated rooms, but remodels are costly. Meanwhile, when it comes time to sell many jobs have little to no return on their investment. While not all budget friendly, practical investments offer aesthetic fixes, they do improve a home owner’s quality of life while offering them future security.
Jessica Kane is a writer for Advance Online, a leading provider of web-based OSHA. DOT. and HAZWOPER training.