Best Improvement & Remodeling Ideas to Increase Home Value
Whether you’re planning a home remodeling project, improving your home prior to sale or seeking more enjoyment and functionality from your space, your overall goal should always be to increase your home’s value. According to Remodeling Magazine’s annual Cost vs. Value report, certain home remodeling projects deliver a higher return on investment than others.
Here are several ideas that can increase the value of your home in 2019
Most homeowners consider their kitchen to be “the heart of the home” and updates to this key room pay off. While kitchen remodels are high on the list of value increasers, it’s important to keep things in perspective with regards to the look of the rest of the home. Quality will almost always win out over flash when it comes to ROI –avoid making your kitchen fancier than the rest of the house (and your neighborhood!) Your kitchen – size, style, and quality should match the rest of your home.
A good kitchen upgrade almost always includes high quality kitchen cabinets, and make the most of the available space with islands, finishes, and energy efficient appliances that lend themselves to a broader color palette. The right lighting fixtures can transform a kitchen or any space, but should be balanced with natural light from quality windows that make the space cohesive and bring the outdoors in to the right degree.
Energy Efficient Window Replacements
Quality windows that are designed to enhance the space can bring a high return from both an aesthetic and energy savings perspective. High quality brands like Anderson and Marvin make windows an architectural enhancing element with quality materials and construction. According to HGTV, you can anticipate recouping 60%-90% of your costs when you invest in energy-efficient windows!
Andersen in particular are known for their Energy Star-rated windows. Windows with a high rating can save you up to $500 a year in heating and cooling costs by making your home more energy efficient, according to Energy Star.
Decking & Outdoor Living Improvements
Outdoor spaces such as quality decks can increase home value considerably when the materials, construction, and design are of good quality. Leading composite manufacturers like Trex and Timbertech Azek open nearly infinite design possibilities that match beauty with durability to ensure a deck that retains its value, looks and usability over a long life.
While bathroom remodels can be a little trickier due to size, layout, and fixture choice considerations, they can also still bring significant realized value. You just need to be sure that the design and product choices are geared towards universal appeal.
Energy efficiency is a common theme in terms of enhancing the comfort and value of your home, so insulation can bring a steady return on investment as it lowers heating and cooling bills. Although it may not have that element of visual excitement, it is a potentially very affordable upgrade that can change how you enjoy your home throughout the year.
Renovations That Are Less Likely to Increase Value?
Of course, there are plenty of renovations that have a lower potential for increasing the relative value of your home. This includes swimming pools, gourmet and large “restaurant style” kitchens, sunrooms and extravagant landscaping. What these remodel projects all share is a very high dollar price and an uncertain appeal to the broadest potential homebuying base.
Regardless of what renovations you’re considering, its best to keep in mind that not every remodel will bring a high return on investment as markets fluctuate. By keeping quality, energy efficiency and incremental improvements as the guiding force, your reach will never exceed your economic grasp and the resulting renovations will be beautiful, practical, and add value.
Start Your Home Renovation Today!
Builders’ General has been helping New Jersey homeowners get it done since ‘31. Looking to kick off your home improvement project? A professional from Builders’ General can guide you every step of the way. Contact us for a free consultation and we’ll get you on the right track towards a fantastic indoor or outdoor space.