Remodeling, renovating, and other home upgrades can significantly boost your property’s value. When it’s time to sell, your hard work will pay off. However, not all home improvements are created equal. Here are the best projects to increase value.
Certain projects have a higher financial impact than others. Here are the top home improvements that generally yield the best returns:
The kitchen is the heart of the home. A smart kitchen remodel can yield up to 120% return on investment. Focus on painting, energy-efficient appliances, and modernizing without overdoing it.
Updating a bathroom with new fixtures and paint can yield a return of over 100%. Consider reglazing the tub and adding new tiles for a fresh look.
A finished basement is a valuable addition. Homeowners typically recoup around 90% of the cost, especially if the basement includes a wet bar or modular flooring.
Energy-efficient windows are a big draw for buyers. They can save homeowners up to $500 annually on energy bills and recoup 60-90% of the cost during resale.
A new roof can increase your home’s resale value by nearly $12,000, with a recoup rate of around 62.9%. It also improves curb appeal and reduces energy costs.
Adding a deck or patio creates more living space, making your home more desirable to potential buyers. Homeowners can recoup 65-90% of their investment with outdoor living areas.
New vinyl siding can recoup 78.2% of its cost. It’s a low-maintenance, cost-effective way to enhance your home’s exterior.
Solar panels offer a high return on investment through energy savings. While installation can be costly, most homeowners break even within eight years due to lower energy bills.
Small improvements like painting, updating fixtures, and replacing hardware can make a big difference in the overall feel of your home without breaking the bank.
Your home’s curb appeal extends beyond your property line. Pay attention to side and rear views, and enhance your landscape with flowers, lanterns, and fresh paint.
A one-hour consultation with an interior designer or real estate agent can provide valuable insight into maximizing your home’s value.
Focus on completing one room before starting another. This approach helps ensure each project is finished on time and within budget.
Certain home improvements may be covered by your insurance, so check with your provider before starting a major project.
Brothers Aluminum has over 40 years of experience in remodeling homes. Whether you need roofing, kitchen or bathroom renovations, siding, or window replacements, we’ve got you covered. Contact us today for a free price assessment and find out how we can help enhance your home.