As you walk around your home, you may see a few areas that need improvement. Renovations can add more value to your home when you focus on the right projects. Some home improvements are costly, but they can yield a higher return on your investment. Here are the best renovation projects to get the most out of your remodeling dollars.
Garage Door Replacements
You might not think about the garage door until the day it stops working. However, garage doors are a great renovation project for your home. A great-looking garage door can help you get some cash back on your initial investment. Some estimates show homeowners can recoup around 93% of their costs. Many people will replace the door and keep the motorized door opener, which can help reduce the project’s price. Garage doors play a significant role in the home’s curb appeal. If you have a well-used door, then it could turn away potential buyers. On the other hand, beautiful garage doors will be a big selling point for those interested in your home.
Kitchen renovations can break your budget. Sometimes, homeowners can overspend on big-ticket items. With that, they have a hard time trying to recoup their money. There are many benefits to a kitchen remodel. These renovations can turn a non-functional kitchen into a modern-looking space where you can cook and share meals with family and friends. Beautiful kitchens are a big selling point for homebuyers.
If you don’t want to overhaul your kitchen completely, think small. You can replace old appliances with new models, refinish the current cabinets, install new countertops with durable materials, and repaint the space. Many of those changes are cosmetic and quickly recouped when selling your home. Kitchen renovations can be expensive, but they are the best way to add value to your house.
Like an old garage door, poor-looking siding can make your home look old and dilapidated. Two types of siding can give you the biggest bang for your buck. You will want to choose fiber cement or vinyl siding for the project. Fiber cement is slightly more expensive than vinyl. However, it is more durable. Plus, you can expect to get back more than two-thirds of the initial costs when you sell your home. Vinyl is the cheapest option for your siding project but provides nearly the same return on investment. When you install vinyl siding on your home, you could get back about 67% of your investment when selling the property.
A bathroom is another spot where you can lose or make money on the remodel. Many homebuyers want a remodeled bathroom. You can easily make a few upgrades in that space. Consider replacing the toilet and faucets with water-efficient models, updating the shower head, and adding new countertops to the sink. While you may spend a few more dollars on this project, it can help you sell your home on the open market.
When someone looks at your home, they will notice the windows. You have a couple of replacement options to add more return on your investment. Vinyl windows are a popular choice. Many homeowners recoup about two-thirds of the cost of new windows when they use these options. Additionally, these windows are great energy savers and can help you save money on your cooling and heating bills. Vinyl is a great choice because you can find plenty of options that will match your home’s existing exterior.
Wood is another option for a window replacement. These frames are slightly more expensive than vinyl, but many homebuyers are looking for those luxury touches on the home. Wood is one selling point that buyers will love. Plus, it will boost your curb appeal, adding more value to your home.
Homebuyers want places where they can live and relax, and a deck could fulfill those needs. When you have a finished outdoor patio, it is a plus on the buyers’ wish lists. Homebuyers are looking for remodeled outdoor spaces so that they don’t have to spend money on refinishing a deck or patio. With that, a new deck can be a great selling point for your home. You have a few options for materials. Wood decks are easy and less expensive to install. However, there is more upkeep involved with these decking materials. Overall, you can recoup about two-thirds of the costs when selling the home.
Composite materials are another common option for homeowners. These decks are highly durable with low maintenance needs. You never have to worry about splintering, warping, or rotting like a wood deck. These decking materials are more expensive, which can lower your investment return.
Improve the Landscape
If you want an easy renovation project, start outside with the landscaping. You can plant a few colorful shrubs, add a wooden planter box with flowers, and place bee-friendly plants in your outdoor spaces. Creating a cheery and beautiful landscape is an eye-catcher for those potential homebuyers.
These are some of the best home renovation projects that can add resale value to your house. From replacing windows to countertop replacements, these remodel are a great way to attract buyers to your home. If you want to find an experienced company to handle your kitchen or bathroom renovations, reach out to Marble Concepts. We have been in business for over 30 years, and we have a variety of stones that will look great for any countertop project. Schedule a consultation by calling 215-396-7393.