Homeowners undertake home remodeling projects for a variety of reasons. If you’re considering a remodel it could be that the size or age of your family is changing (think more kids or older kids), your home’s style is outdated, or it’s just time for change.
However most homeowners remodel with resale in mind. Perhaps you are considering selling and want to get top dollar. But even if you’re not planning to sell in the near term, focusing on high ROI projects makes good sense.
Based on various reports and surveys conducted across the country, here are a few remodeling projects that consistently deliver high ROI.
Family Room Addition
A family room addition can add a lot space to smaller homes. If you have the exterior space to expand, the added square footage adds directly to your homes value. Think about it like this: if homes in your area are selling for $200 per square feet, If you spend $100 per square feet for the addition, you are potential creating an additional $100 per square feet of value in your home.
If your focus is comfort, style and personal taste, a large-scale kitchen remodel makes a lot of sense – particularly if you’re planning to stay in the home for a while. But if you’re considering moving in the near term, a more minor, budget conscious kitchen remodel can add a lot of value to your home. Consider upgrading the flooring, refinishing the cabinets and replacing appliances and counters.
Front Entry Upgrade
Curb appeal is important in resale of a home. Upgrading your front door to a new stylish steel door or upgraded wood door can provide a great first impression. Depending on the door, this can be done as little as $1,500. Of course you can spend much more than that so, as with everything, the investment you make must take into account how long you plan to be in the home.
Ceiling and Wall Insulation
While you can’t visually see the benefit of additional insulation, you can bet you’ll see it in terms of reduced energy costs. Many contractors can help you estimate energy savings as a direct result of upgraded insulation. You will tend to see the biggest opportunity for improvement in older homes.
Homeowners overlook the value of new windows. Upgraded windows look great and a good quality replacement window will be double-paned which provided additional insulation from weather and noise. If you’re on a busy street, the noise reduction will be highly noticeable and will certainly help in a resale situation.
Phone: (480) 842-5059
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Main Office & Design Gallery @ Thingz
(our offices are inside Thingz in the Scottsdale Design Center)
15125 N Hayden Road, Suite 100
Scottsdale, AZ 85260
Design Gallery @ Boulevard Urban Living
13802 N Scottsdale Road, Suite 134
Scottsdale, AZ 85254