With the New Year in full swing you are setting your sights on goals and projects for 2021. Somewhere on that list of intentions is likely a home project or two, or three, or ten!
Whether you plan to sell your home in the future or live in it for years to come, consider improvements that bring enjoyment to your home now, but for which add value in the future. Minor upgrades can create excitement for loving your home today, with big ROIs for a potential sale or refinance.
These top home improvement projects continuously stand out as some the best return on investment projects in the marketplace. And the greatest part, these are not exhaustive and expensive renovations. Many of these projects you can do yourself.
A MINOR KITCHEN REMODEL can uplift the look and feel of the entire house. Kitchens are the heartbeat of the home, the place where we do the majority of our day-to-day living. According to Google search, it is the most used room in the house. Since many kitchens in modern homes are part of an open floor plan, the time stamp on your kitchen can make the rest of your home feel dated. Market data suggests that the kitchen is the one room homebuyers have the most concern over when making buying decisions. A simple kitchen remodel can bring a seller around an 80% ROI.
For a minor remodel, leave the kitchen cabinets in place but revive them with a fresh coat of paint and new hardware. Replace the countertops. Choose a durable surface material that fits your needs but for which also has a good return value. See these countertop rankings for durability, price and resale value. Finish your project with a new sink and faucet, the perfect complement to your newly painted cabinetry and countertop installation. If your budget permits, consider appliance upgrades to energy-efficient, stainless steel models.
A shabby looking bathroom can be a real eyesore to an otherwise beautiful home. Market research suggests MINOR BATHROOM REMODELs can bring homeowners around a 64% return on their investment. To make minor but impactful upgrades to your bathroom modernize fixtures such as shower heads, sinks, faucets and lighting. Replace all cracked and damaged tiling. Paint or refinish cabinets and install new hardware. Clean all grout from surfaces and caulk areas prone to water penetration around showers, tubs, and vanities. Renew the look of your bathtub and toilet with resurfacing glaze. And, if your budget permits, consider replacing the countertops, especially if they are out-of-date and worn.
REPLACEMENT WINDOWS are consistently found on top ten lists for home improvements year-after-year. Why? Because they have a high rate of return for homeowners. A replacement window project can yield a homeowner around a 73% ROI. Plus, many window projects replace outdated windows with energy-efficient models, translating into an immediate savings on heating and cooling expenses. Window projects can put stress on your wallet, so it is important to consider whether you need to replace all of your windows are just a few.
If you are looking to improve the aesthetics of your home and save money on energy costs, window replacements are among the mostly highly rated for your return on investment. Check out this article for a more in-depth look at the added value of new windows.
At the basic level of home improvement projects nothing is more aesthetically significant than fresh paint and flooring.
PAINTING the interior of your house is one of the cheapest, simplest and most effective improvements you can make to your home. If making other value-add improvements is simply not in the budget this year, at the very least, consider a paint job.
Every home feels the impact of wear and tear. Interior walls bear a great burden of those nicks and dings, holes and fractures. Plus, a coat of paint can enhance the look of any room despite unfashionable fixtures and accent pieces.
If you are selling, painting is nearly a requirement, with 36% of the marketplace reporting that they painted the interior of their home before selling.
FLOORING upgrades are another common project homeowners undertake to improve their interior space. 26% of homeowners reported making some type of flooring enhancement to their home before resale.
A flooring upgrade will give your home a cleaner feel and a more attractive appearance. Hard flooring like wood and stone will yield the highest ROI but are also the most expensive. Options like engineered hardwood and laminate are good mid-range choices, with carpet and vinyl at the lower end of the resale spectrum. For more flooring recommendations explore this article on the best flooring for resale value by Realtor.com.
If replacement flooring is not an option, consider a good old-fashioned deep clean or restoration. Refinishing hardwood floors will revive surfaces marked by scratches and dents. Carpet cleaning will lift stains and restore a material’s original color and texture.
Need help making some decisions? Webfoot’s team of painters and carpenters want to make sure you love your home every day you are in it. Contact us.
We love sharing our expertise in interior painting, window installation and carpentry services with people who are committed to making their home seriously great.
*ROI sources obtained from:
Zillow – Best Home improvements to Increase Value
Bankrate – What Renovations Add the Most Value to Your Home?
American Pacific Mortgage – 2020 Home Improvements with the Highest ROI