Get the Best Return on Your Home Remodel Project
higher returns. Owners can enjoy their improvements until they decide to sell, knowing their investment will increase the home’s value.
Of course, exactly which strategies give the highest returns is a question many homeowners have. While buyers are drawn to fantastic kitchens and baths, if you’re exterior leaves something to be desired, you may never get the buyers inside. With that in mind, let’s look at some projects with the highest gains for your investment.
Replace your front door:
Through the years, the project that has shown the best profit for your money has been to replace your front door. Substituting that old wood door with one made of steel averaged a 96.6 percent yield on the investment. It’s a low cost, energy efficient upgrade that’s virtually maintenance free.
Replacing old siding:
Nothing gives more curb appeal to your house than clean, well-cared-for siding. In fact, your home can take a 10 percent value loss due to an old, tired exterior. Whether you choose fade-resistant vinyl, high quality fiber-cement or energy efficient foam-backed vinyl, you’re sure to get your money’s worth through an approximate 80 percent to 83.8 percent return.
Wood deck additions:
Instead of a sunroom addition, which can be expensive to build and costly to heat and cool, consider patios or decks. With an increase in the popularity of outdoor living, decks are in the top of long-term return winners. With a low cost of only $8 - $30 per square foot and an average rate of 87.4% return on investment, decks are the way to go.
Attic bedroom remodel:
Converting an attic into a bedroom adds square footage to living area without changing the home’s impression. Remodeling costs are kept to a minimum because the walls, floor and ceiling already exist. It’s a smart investment with an overall average rate of return of 79.4%.
Although kitchen and bath rejuvenations are good, they can be expensive. The more money you put into a project doesn’t mean it will pay back in greater amounts. More often than not, making minor improvements as opposed to a complete overhaul can yield more dividends. The key is not so much to spend less with your home remodel, but to spend more wisely.
About the Company:
Jeff Wilder is the owner of J.A. Wilder Builders. It is one of the leading custom home companies in Tennessee which has been established in 1979. J.A. Wilder Builders specializes in providing superior custom homes of outstanding quality for more than 30 years. They have been serving the Tennessee area with amazing custom home services and craftsmanship in each and every home they build.