Whether you intend to keep living in your home or you plan to sell it, it is a good idea to learn which renovations will bring you the best return on your investment. Keep in mind that returns tend to fluctuate based on which improvements are presently trending. Home upgrades that were valuable a year or more ago may not be quite as rewarding in the current market.
One of the big compromises that new homeowners must learn to make is between upgrades that enhance their enjoyment of their property and those that increase the property’s value to potential future owners.
Below are some of the remodeling projects that can bring you a good ROI today.
Garage and Entry Doors
One of the more longstanding trends is the value of curb appeal projects. These continue to have greater benefits when you compare them to interior projects. Anything that you can see from the curb is beneficial, but garage doors and front doors are some of the best performers, according to the 2019 Cost vs. Value Report from Remodeling Magazine. When it comes to the front door, a replacement can be beneficial, but sometimes all you need is a coat of paint, says Bob Vila. The impression presented by a new (or new-looking) front door can influence how a home buyer perceives the rest of the home.
Kitchens and bathrooms are said to sell houses, and that is particularly evident when it comes to kitchen remodels, which are considered to be among the most profitable home improvements. While it is possible to spend well over $100,000 on a major upscale remodel, you will recoup more of your investment from a minor midrange remodel.
A wood deck will increase the square footage of the home’s living space and — if it is well designed and constructed — improve its aesthetic appeal.
If you decide to increase your home’s value with any of these upgrades, contact us today at Vera Roofing & Construction.