Will A Home Remodel Increase The Value of My Home?
One of the biggest questions homeowners have when considering a home remodel is “Will my remodel provide a return on my investment?” Of course, this can mean different things to different people. For some, success means creating a new space that contains all the elements you’ve dreamed of for your ideal home. For others, achieving a direct improvement of the financial value of the home is the goal. Here we look at the remodel projects that significantly improve your own comfort and quality of living, while also providing the greatest return in terms of your home value.
When it comes to the most popular and successful home remodels, both in terms of improving comfort and adding to home value, it’s hard to beat kitchen and bath remodels.
A kitchen remodel is on the to-do list for many homeowners. A modern, inviting and efficient kitchen space is more comfortable and appealing. This is true for both you as the homeowner and for any potential home buyers. The kitchen is the hub of family life, cooking and entertaining. A new kitchen remodel certainly adds both functional and material value to your home. Regardless of whether you’re thinking of selling your home, a kitchen remodel not only provides a comfortable and modern entertaining and cooking space to your home but also boosts your home’s overall value.
Are your bathrooms currently inadequate, old or overcrowded? A bathroom remodel can truly pay dividends for the comfort of your family and guests. A bathroom remodel can also add significant value to your home. Fresh and modern bathrooms really lift the impression of a home, while shabby and outdated bathrooms can greatly detract from a home’s appearance and value. For a remodel that really gives a return on investment, a bathroom remodel can really be the ideal choice.
Wood decks for outdoor living and entertaining are a surprisingly effective value add for a home. Adding a deck to a home is an average of 82 percent return, compared to 66 percent for adding a bedroom. At the same time, the cost of adding a deck is about one-third of adding a bedroom. These structural additions clearly give an outstanding return on investment among other remodel projects.
The Most Important Factor
When choosing a home remodel that adds comfort and value to your home, high-quality design and workmanship is essential. Choosing the highest quality remodel contractor for your project is the most important step that can really ‘make or break’ your remodel when it comes to adding value to a home.
When it comes to deciding on the remodel that will add the most value to your home, it’s important to do your research and consider the trends in your local area. Kitchen and bath remodels are usually a safe bet. Discussing remodel ideas with a local design build contractor can help you understand what the most worthwhile remodels are local. It’s also important to consider the style and condition of your existing home. This can affect which type of remodel offers the greatest return on investment.
By talking with a local remodel contractor, you can better understand the quality of their work, and which type of remodel best suits your needs, providing the greatest improvements to your quality of life and overall home value.