Increasing Resale Value: 4 Home Remodeling Projects With High ROI
By fiderioandsons Feb 1, 2016
There are numerous possibilities for homeowners to remodel and upgrade their homes, however, this makes it even harder to decide which projects to allocate money for. Many homeowners make decisions based on whether or not they are planning to live in their home long term. This post will provide a brief overview of which projects garner the best results.
Although there are general trends for the ROI of specific home remodeling projects, it’s important to keep in mind that there isn’t always a direct relationship between how much you spend for remodeling projects versus how much you actually get out of it. However, it is possible, with a little research, creativity, and luck to find a home improvement with a big return on investment.
The Top CT Home Remodeling Projects
Finding Your Dream Kitchen
Homeowners spend a sizeable portion of their days preparing meals in the kitchen, so it’s no surprise that a tired and worn kitchen detracts from your home’s value. Midrange kitchen upgrades offer the best return, so if you can afford to make small adjustments like purchasing new appliances while making modest cosmetic adjustments, you should expect a positive return.
Creating a Bathroom Oasis
Remodeling your bathroom offers several distinct advantages. When potential homebuyers are searching for their dream home, they often intently inspect the quality of a home’s bathroom, so it stands to reason, if these key rooms are updated and aesthetically pleased, they are often the deciding factor in a sale. Transforming your old and outdated bathroom into a relaxing oasis will ultimately improve your home’s appearance, comfort, and functionality. According to Angie’s List, “a major update by a reputable bathroom remodeling contractor could cost less than $20,000, but it should yield an 80 percent return” (Source).
New Vinyl Windows
Replacing your windows (the whole window assembly) with a vinyl window assembly ranks third in terms of increasing the value of your home per dollar spent. In addition to increasing the value of your home, replacing your existing windows will almost certainly reduce your energy costs. The most important factor to consider for replacement windows is the energy star rating of the replacement window. Sunrise Windows earn an energy star rating, and the vinyl frames are attractive and durable.
Replacing An Old, Worn Roof
Putting a new roof on your house can be a functional as well as aesthetic upgrade. Homebuyers feel more comfortable purchasing a pre-owned home that has had the roof redone recently because old roofs are prone to problems. You should have a professional inspect your roof to determine the extent to which it needs to be redone, but, generally speaking, replacing your roof entails removing the existing roof down to the bare sheathing, installing new underlayment, and covering it with new roofing material. In CT, that usually means shingles.
CertainTeed is our brand of choice for roofing materials because their products can withstand the variable CT climate. CertainTeed offers their durable roofing materials in a wide range of styles and colors.
Fiderio & Sons | CT Home Improvements
The advice provided within this blog post is only meant to serve as a general guideline. If you are generally interested, you should discuss specific project requirements with your CT home remodeling contractor, as the best solution will vary from home to home.
With Fiderio & Sons you can expect nothing but the highest quality work.
Download our guide to help you plan your next CT home remodeling project! We are here to answer your questions and advise you on how to maximize the value added to your home.