Home remodeling has become an extremely popular home trend. Not only did the number of home remodelers increase in 2017 but the amount of money spent on remodels increased as well. Remodeling a home brings added value to your life, but it can also add value when it comes time for resale.
Home updates, no matter what they are, cost a great deal of time and money, so when putting money into your home, it’s nice to know that the projects you choose will yield a good return on investment.
1. Updated Exterior Siding
Start your remodel with your home’s exterior. Your exterior siding remains one of the most important protective elements of your home, not to mention that new siding instantly elevates your home’s curb appeal.
Curb appeal has become a major interest of potential home buyers, which is why siding yields an immense return on investment. Fiber cement siding can provide a nearly 80 percent return to homeowners, with vinyl following closely behind.
Potential homeowners don’t want to stress over maintenance in their new home, so opting for fiberglass and vinyl siding means opting for less stress on exterior maintenance. Be sure to hire a contractor who knows the proper installation methods for fiber cement if you select this siding option. Improper installation can lead to water or other problems and means your siding will not look its best for resale.
2. Replacement Windows
Replacement windows instantly add a variety of benefits to a home and yield a greater than 70 percent return on investment. Installing new windows automatically updates the look of the interior and exterior of the home, and the right window will make a home more energy efficient.
Replacement windows add curb appeal and elevate the interior look of a home. They enhance both the exterior and interior look of a home, while also adding protection. Windows allow natural light into your interior, while also protecting your home from exterior elements. Therefore, investing in low-maintenance and energy efficient windows will bring you a great return.
Replacement windows bring peace of mind and comfort to potential home buyers. Not to mention that energy efficient windows will yield a high return on investment through lowered energy bills and increased comfort. Drafty windows will greatly lower the value of a home. Homeowners desire a comfortable and beautiful space to go about their everyday lives as well as relax in. Choose windows that provide energy efficiency, durability, resistance to the elements, and beauty such as fiberglass or Ultrex.
3. Bathroom Addition
If you desire more space and want to add onto any area of your home, add onto your bathroom. Bathroom additions have the highest return on investment for any home addition project, yielding nearly a 60 percent return on your investment.
Bathrooms experience a lot of daily traffic and have a great need for functionality. Additional space for extra vanities, a larger shower, a tub addition, more storage, or altering a half bath into a full bath will add immense value to your home and lifestyle — something potential buyers are greatly interested in.
If you are going through the process of a bathroom addition or remodel, it remains worthwhile to consider adding energy efficient products to the space. Not only does this save you money on electrical and water bills, but potential homeowners are also increasing their desire for energy efficiency.
4. Steel Entry Door
A new front door can elevate the entrance of your home immensely. It’s the first element guests and potential homebuyers see when they enter your home, so having a nice door is key. But more specifically, homeowners are seeing the greatest return by installing a new steel front door.
Steel frames and doors are extremely durable and low maintenance. Coupling a high traffic area with one of the strongest building materials on the market means having a door that lasts and doesn’t need to be replaced as easily. Steel doors also have a great resistance to exterior weather elements, protecting your home instead of needing to be protected.
The average homeowner sees up to a 92 percent recuperation of cost on a steel door while other front entrance renovations yield up to 67 percent recuperation, making a steel door one of the best investments you can add to your home.
5. A New Deck
Decks add the value of extended usable space. Installing a deck provides a home with an outdoor entertainment area or lounging space. A majority of homeowners are placing greater value on outdoor entertainment areas, giving a new deck a return of up to 80 percent on homes.
Outdoor living has become such a popular trend for the modern homeowner, that patios and other options are available for outdoor living spaces. However, decks have proven time and time again to provide homeowners with the greatest outdoor living return.
When installing a deck, take into consideration the size of the deck in relation to the size of your house. Homeowners look for decks with enough space to cook (whether with an outdoor kitchen installed in the deck or with a grill) and entertain. Ensure the deck has enough space while not overtaking your home’s exterior or yard.
Begin Your Remodel Today
If you are ready to update the exterior of your home with top-notch siding, windows, or a new deck, we at Lakeside Renovation & Design, are ready to help. Our highly qualified team can elevate and update your exterior to get you a great return on investment.
We know how valuable your home is, and we have been helping homeowners elevate their exteriors for over twenty years. Contact us today for a free consultation and quote.
