A home is one of the few things we can purchase that can actually increase in value as it gets older. The more improvements we make, the more equity we gain in our investment and the greater the return we can realize if and when it’s sold. If you’re trying to think of new home improvement ideas that will help you boost the value of your home, here are a few suggestions from our home remodeling experts.
2. A home is one of the few things we can purchase that can
actually increase in value as it gets older. The more im-
provements we make, the more equity we gain in our in-
vestment and the greater the return we can realize if and
when it’s sold. If you’re trying to think of new home im-
provement ideas that will help you boost the value of your
home, here are a few suggestions from our home remod-
eling experts.
3. Kitchen Remodel
Redoing a kitchen is one of the most common home improvement proj-
ects and for good reason. While they can be costly, depending on how
much you’re looking to remodel, according to HGTV, you can expect to
see anywhere from 60% to 120% of a return on your investment. That is,
of course, assuming you hire a skilled home improvement contractor that
does the job right.
4. Bathroom Addition
For homes that currently only have one bathroom,
adding a second could boost your home’s value and
allow you to recoup anywhere from 80% to 130%
of what you spend on the addition project. Not sure
whether you have the space for such an addition?
Consider any rooms in your home that are unused
or underutilized. Of course, as with any home re-
modeling project, the cost will ultimately depend on
what you want the final product to look like.
5. Remodel an Existing Room
You may be tempted to take on a huge project, such as expanding the
size of an existing room, but be aware that these types of undertakings
can quickly become much more expensive than origi-
nally anticipated. Consider instead reinventing an exist-
ing space, such as finishing your basement or converting
your garage into an office or family room. These types of
home improvement projects are much less expensive but
can still have a significant impact on your home’s value.
6. New Windows
Older windows cause drafts and other costly
problems, but having newly installed, quali-
ty windows can be an attractive selling point
to a potential buyer. In the meantime, even if
you’re not yet ready to sell, replacement win-
dows can significantly lower the cost of en-
ergy, which means more cash in your pocket.
In many cases, they practically pay for them-
selves!
7. New Deck
Remember – home improvement projects aren’t just for
your home’s interior. You can also dramatically boost
the value of your home and property with deck ad-
dition. In fact, HGTV estimates that homeown-
ers can potentially recoup anywhere from
65% to 90% of what they invest into a
deck addition, so if you’ve got the
space and the budget, it could
be well worth considering.
8. Of course, for just about all of these projects, it’s wise to hire an experienced
home improvement contractor to ensure that all the proper requirements
are met. After all, the goal is to create more value from your home, which
means the projects you take on have to be done right. If you’re thinking
about tackling one of these or any other home remodeling project, give us
a call and let’s talk about how we can help make it happen!
www.StrattonExteriors.com
(615) 750-2148