Updating your home on a regular basis is one of the best ways to assure an eventual selling price that reflects the work you’ve put into it. As you consider remodeling projects to do this year, look at both the value they’ll provide for you and your family and what will provide the best return on your investment (ROI).
Although the top ROI of attic insulation isn’t very glamorous, if your home is inefficient due to insufficient insulation, you’ll be putting money back in your wallet each month if you get this remodeling task taken care of. Potential buyers often ask about utility costs, so high bills could be a deal breaker. Some smaller remodeling projects that have a decent ROI include replacing the front door and garage door and beefing up the landscaping to boost your home’s curb appeal.
When it comes to choosing a remodeling project that also improves your enjoyment of your home, you can’t beat kitchen renovations and bathroom renovations. A kitchen update will usually provide a ROI of 65 to 80 percent of its cost, depending on the quality of the upgrade and the complexity. Bathroom renovations also provide a decent ROI. You really want to add this one to the list as it is a critical upgrade in a one-bathroom house where that bathroom really has to shine. Thinking of adding on another bathroom? You’ll only get about a 50 percent ROI on that, but you will definitely have more interested buyers as a one-bathroom home isn’t very popular these days.
If you would like information about remodeling your kitchen or bathroom, give us a call at The Gallery of Stone. We are experienced with both kitchen renovations and bathroom renovations with a wide variety of countertops and cabinetry to choose from. We are experienced direct granite fabricators, which will make your remodeling project unique and beautiful.