When remodeling your home it is not only important to think about what is functional and what will work for you, but also what will add the most value to your home. There are some projects that will add more value to your home when you go to sell. Here are the top 5 remodeling projects that provide the best return.
Kitchens
Kitchens are often the epicenter of a home, which makes them a great investment.
Kitchens are like the heartbeat of a household. No matter how comfy your couch is, or how appealing your dining room is, everyone always gathers in the kitchen. It is where you prepare and store your food. For these reasons kitchens are at the top of the list of remodeling projects that provide the best return upon investment.
Along with topping the list of remodeling projects that provide the best return, there are also nearly an infinite amount of projects that can go into a kitchen remodel. There are smaller projects you can do yourself if you are on a budget or more extravagant elements that will give your kitchen a more luxurious feel.
Luxury is definitely a trend surrounding kitchen-remodeling projects. There are many ways to obtain this luxurious feel. Starting with kitchen countertops. A countertop can make a big statement, and there are several different materials that can help you make a desired statement. A beautiful granite slab, or piece of marble will give your kitchen a high end lavish feel, while a recycled countertop may show your off your commitment to the environment. A more usable countertop like a laminate may be the right material for you and your family as it is extremely durable. Whatever you choose a countertop can be a beautiful centerpiece to your kitchen that reflects your personality.
Stoves/ovens are an important element to incorporate in your home remodeling project. With the right stovetop you can give your kitchen that restaurant kitchen feel, and provide you a higher level of cooking capability. You can compliment a beautiful stovetop with the addition of other appliances like a refrigerator or dishwasher in a matching color or style.
Your sink can also make quite a statement. Sinks have grown significantly in popularity, and therefore the different styles and types of sinks you can purchase have also grown. A stainless steel sink, or a copper brushed sink can add both functionality and beauty to your kitchen-remodeling project.
Bathrooms
The money you spend on a bathroom remodel is money well spent for it will provide you a tremendous return on your investment when you go to sell it.
Extravagant bathroom features that used to only be seen in upscale hotels, or very expensive homes, are now showing up in houses all across the country. There are many different ideas that range in price. From swapping out your vanity, to installing heated floors there are so many options that you can do to add value to your bathroom that will both allow you to enjoy your investment, and see a return on this investment when you go to sell.
Basements
An instant facelift to any house is refinishing the basement. This initial investment will pay off because it gives your house the added room that the next family or individual is looking for when you go to sell.
An important piece of home renovation is working with what you have. Refinishing your basement is a perfect example of this, for the space is already there. A finished basement is a great place to add an additional living space, or an extra bedroom that adds huge value to your home. A finished basement also provides a great entertainment option. A bar, game room, or home theater are all great options for a finished basement.
Additions
Additions make our list for providing the most bang for your buck because they transform your home. Additions come in many different sizes. They allow your home to turn from a two-bedroom home to a three, giving your home more value when you eventually sell.
A great addition idea is a porch. A porch will add tremendous value to your home and depending on how you wish to use the space, and the climate in which you reside, may be a great option for you. A sunroom, or a three season porch not only add tremendous resale, but provide a higher level of functionality which you can take advantage of while you live there.
Additions simply give you more space, which gives your home more value. If you live in an older home, you may want to invest in raising your roof. Many older homes have bedrooms on the top floor with low ceilings. By raising your roof, you immediately add more space and therefore more value.
Exterior
Decks provide the perfect transition from your interior space to your exterior living space and outdoor landscape.
Exterior home improvements always add value to your home. This is especially true when it comes to adding on or creating exterior living spaces. Outdoor living spaces have become exponentially popular recently, and with this popularity the return on investment has also grown.
Decks are a great way to add value to your property. Decks are a great way to enjoy a summer evening, or give you a great view of your landscape. Decks add a great place to grill out, eat, and provide a nice transition from your interior to your exterior space.
Patios are also a great exterior addition that will provide you a great return. They are also a great choice for if you need flexibility to work within a budget. Concrete slabs can now look more custom by just simply adding the right concrete stain and adding some patio furniture. Or if you have a bit more money in your budget you may want to incorporate some natural stonework, or an outdoor fireplace to give your patio that wow effect.
A final tip that will help gain, and retain your property is by simply maintain your home. Preserving what you already have is huge in sustaining or adding to your property value. Some maintenance may be easy, like just adding a new paint coat, and some like adding new siding may take more time, and be more expensive. It is important to update your home as the years pass. For instance, you may need a new roof. This can be costly but is necessary both in the preservation of your home, and in adding value. Water heaters, furnaces, are going to need to be replaced, not only for your comfort, but for the added value it provides for resale.
