Home improvement projects are a great way to improve the condition of your house while also adding value, but most homeowners have a limited remodeling budget. If you're considering making some improvements to your home, you probably want to spend your money wisely and ensure that you choose projects that are a good value. Some of the home improvement projects with the highest rate of return include:
Upgrade Attic Insulation
Upgrading the insulation in your attic may not be the most exciting project, but it is a very good investment. In addition to helping you save money on heating and cooling costs, upgraded attic insulation also provides an excellent rate of return. You can expect to recoup 116.9% of what the project costs when you sell you home.
An old, outdated kitchen can drag down the overall look of a home, so it is not surprising that kitchen remodeling is a very popular project with homeowners. A kitchen remodel can be a big, messy project, but when it is done right the results are typically worth it. On average, the rate of return on a remodeled kitchen is 83.1%.
Like kitchens, old bathrooms can be quite an eyesore. Many homeowners enjoy remodeling their bathrooms with upgraded flooring and counter tops, and luxury features such as a jetted spa tub or a steam shower. A bathroom remodel can improve your daily life, and you can feel good knowing that the project will add a good amount of value to your home. Overall, most bathroom remodels offer a 65.7% rate of return.
Replace the Roof
Roofs take a beating from the outdoor elements, and they don't last forever. If your roof is getting old or you don't know the last time it was replaced, it is a good idea to replace it. You will have a hard time selling a home with an old roof that needs to be replaced, so it is better to do the project well before you need to put the house on the market. A new roof is a good investment-- you'll likely get back 71.7% of the amount you spend on the project.
Add a Backyard Wood Deck
Outdoor spaces have become an extension of indoor living spaces, so having an inviting backyard is something that most homeowners want. If you're considering a big backyard project, think about having a wood deck built. A new deck will provide a great place to relax and enjoy nature, and this project has a great rate of return at 75%.
To learn more, contact a company like Kitchen N Bath Visions.Share
23 March 2016
When making home renovations, what improvements will give you the best return on investment? If you are looking to increase the value of your home, there are some projects that should be given a greater priority than others. I have created this blog to help homeowners that are trying to decide where to begin with renovations find the best place to start. I will show you what will come with the best return on investment and what will not do anything to improve the value of your home. Hopefully, my years of experience flipping homes will help you make the best possible choices.