Get The Best Return On Your Investment
Investing in home improvement projects can have a huge return. Good decision-making and planning will get you the best return on your investment, whether the goal is to create a more enjoyable living space or to put the home on the market.
Thinking About The Big Picture
While homeowners often have big visions for renovation projects, a look at the big picture followed by practical steps to achieve those goals can make all the difference.
The big picture view can help homeowners do things in a logical order. For example, don’t paint and replace the floors and then tear out the kitchen. It is always best to check the home’s exterior — roof and siding — before remodeling an interior space. Many homeowners will start with the interior of the home and leave the exterior in bad shape. The danger with this is that a storm can come through and ruin everything. If you are planning something elaborate – especially if it’s a sizable project – getting an architect or designer on board is vital.
Smart Home Remodeling Will Add Market Value
For the highest return on your investment, we recommend replacing the front door. A nice front door will completely dress up a home. And when you figure out what it costs to do a project versus what you gain in value, adding a new front door actually comes out at the top.
New countertops and fresh paint make a big difference in both kitchen and bath spaces. We suggest updating the bath with an upscale shower and replacing worn, dated fixtures to give the area a modern look and feel, considered a plus by homebuyers. These rooms also need attention from homeowners who plan to age in the home. Make sure the doorways are wide enough and check counter heights in case a wheelchair is ever needed.
Replacing a home’s windows with new energy-efficient designs benefits not only homeowners who plan to stay in the house, but becomes a selling point to interested buyers.
Hire A Contractor You Can Trust
The best way that homeowners can make the most of a remodel is by hiring a qualified contractor and spending time upfront communicating exactly what is wanted before any work gets started. It is important to find a contractor you will trust to be in your home and do the work. Do your homework, making sure references are recent.
A good contractor will spend time assessing your project. Some homeowners want to keep up their homes for resale, and some just want to enjoy the space. If you’re going to stay for a while, the home needs to function for your family.
For more information on what home improvement will add the most return to your investment check out one of our most recent articles:
Remodeling Investments Pay Off in More Than Dollars