4 Improvement Projects That Add Value To Your Home
According to realtors and remodeling experts, the value of home improvement investments is higher in 2013 than it has been in years, and the increase in value for Wisconsin and the Mid-West is better than much of the country. That means you’ll get more of a return on investment for your remodeling dollar than you would have last year, making it a great time to start planning out improvements for your home. To help you maximize your return on improvement, here are four projects that are certain to add real value to your home.
Upgrading the Kitchen – No other single room offers more of a return of on investment than the kitchen. A kitchen can often be a make or break factor, so having a great kitchen can help you seal the deal. Fortunately, there are many levels of improvement that can be done to a kitchen, ranging from quick fixes to full remodels, so you can still add value with a small budget. Repainting backsplashes and cupboards, and replacing the flooring are relatively easy projects that can make a big impact. Stainless steel appliances and granite countertops are pricier, but they’ll give any kitchen a modern look. Though if your kitchen is really hurting, then a full remodel is the way to go. Although it won’t be cheap, you should be able to get most, if not all of that investment back when selling your home.
Upgrading the Bathroom – Like the kitchen, there are a number of different improvement projects for bathrooms that will recoup your investment dollars and appeal of your home. Upgrading to new faucets and hardware is one of the simplest bathroom projects you can take on and will go a long way to increase appeal. After that, consider replacing old flooring for new tile and putting in new countertops. Again, a major bathroom remodel can get expensive, but bathrooms also generally have a near full return on investment when improved.
Finishing the Basement – With some hard work, you can convert a cold, dark basement into an inviting space that will add square footage and value to your home. When planning your basement remodel, make sure it includes a bathroom, as that will greatly increase the value you’re adding. After finishing the basement, you should be able to recoup at least 70% of your investment, and you’ll benefit from the boost in your home’s appeal to potential buyers.
Replacing Windows and Doors – Upgrading to new windows and doors will build the value of your home on many different levels. New windows and doors will add thousands of dollars to the sale price of your home. Plus, the increased energy efficiency of your home from composite windows will start paying you back immediately. They’ll also add major curb appeal to your home’s exterior, and the wood look will add beauty to the interior, drawing in potential buyers.
So take advantage of this upswing in value by improving your home in 2013. It’s never too early to start planning, so start now! And if you’d like to know exactly how much value new windows and doors can add to your home, contact us for a free in-home consultation.