The Top 10 Home Improvement Projects You Should Consider This Year
Considering a remodel? Thinking about selling your home? Maybe just a few upgrades whether you’re selling or not? 2018 is definitely the year of remodeling because contractors and construction crews are out for months and our economy is growing and going strong. If you’re planning on a remodel whether you are selling or not it’s important to know what’s out there these days and what might give you the best return on investment. With you’re planning on staying in the home or selling in the next couple of years, taking these at 10 home improvement projects into consideration will only boost your profits and your value.
#1. Replacing the front door.
It’s one of those things you probably don’t even notice anymore. Many of us don’t even get into our house to the front door but through the garage or side door. A new steel door makes a great impression on buyers and can give you a nearly 97% return on your investment. If you don’t want to replace that you can simply paint it and replace the hardware for a similar look.
#2. Adding a deck or patio.
Regardless of where you live, buyers want and outdoor living space. Statistics show you can recover about 87% of your investment with a new wood deck or designer paver patio. Consider sprucing up your area with a water feature, outdoor fireplace or fire pit, new landscaping, or an outdoor kitchen.
#3. Adding additional space.
Depending on your budget and what you’re looking to do with your home, adding an addition, new bedroom, or an attic bedroom could recoup up to 84% of your investment.
#4. Replacing your garage door.
An upscale or midrange garage door can offer you an 83% of return on your investment. There are a variety of styles to choose from, from steel doors, insulated models, glass windows and beautiful hardwood.
#5. Remodeling your kitchen.
The kitchen is the heart of a home and buyers look most carefully at kitchens and bathrooms than any other room in the house. Homeowners can recoup up to 82% of minor kitchen remodels and 75% of major remodels. But, if you’re planning on remodeling your kitchen and then selling, don’t overspend on your kitchen. Look for middle-of-the-line appliances, materials, and finishes so that you can recoup the most possible profit.
#6. Window replacement.
This can be a spend the investment but you can recoup up to 80% return on your investment. Make sure to highlight new Windows it as a selling point if you plan on selling.
#7. Siding replacement.
If your home’s exterior needs a major makeover, you can recoup up to 80% of your investment by replacing vinyl siding.
#8. A basement at addition or basement remodel.
Buyers are always looking for space to entertain so you can recoup up to 80% of your investment by adding a basement, finishing it, or remodeling it. You can create a large entertaining space with wet bar, full bathroom, and maybe even a guest bedroom.
#9. Bathroom update.
A full, upscale bathroom remodel can cost over $50,000 and add only about $32,000 to your homes resell value but you can may cost effective minor upgrades such as new lighting, new paint, or refitting your bathtub and shower. Re-caulk around your tub, shower, and toilet and replace the floor if necessary.
#2. Two-story addition.
This is definitely a major remodel but it can give you a nearly 75% return on your investment. If you have a first floor family room and a second-floor bedroom addition with a full bathroom, you can really create a home that anyone would desire.
From minor replacements and upgrades to major remodels, think about what you want out of the home and whether you’re looking to increase the value or increase the space that you can enjoy for years to come. If you’re planning on selling and would like an idea of what your home is currently worth, give me a call today.