6 Types of Home Remodeling That Are Your Best Investment
Grow Your Wealth with These Home Improvements
Your Kansas City home is one of your biggest investments, so it only makes sense to spend your remodeling dollars wisely. While remodeling your home can improve your comfort and enjoyment, certain jobs will get you a greater return on your investment.
Wondering how to invest your renovation budget? Here are six remodeling jobs that will get you the best return on your investment, according to Remodeling magazine.
Who would have thought that prospective buyers would place that much importance on new doors in a home? Homeowners can expect to recoup over 90% of their investment with exterior door and garage door replacement. Not only will having new, secure doors help with the energy efficiency of the house, but they also contribute to curb appeal.
The kitchen is known as the heart of the home, and there is a good reason for that. Buyers notice a kitchen that has a thoughtful layout and quality finishes, and they’ll pay more for it. However, don’t think that you need to do a complete overhaul of your kitchen to get the best return on your investment. In fact, a minor kitchen update will be effective too. Make sure to choose classic finishes, such as contemporary fixtures and wood cabinets.
Prospective homebuyers really value outdoor space and are particularly keen if a home has a nice deck. Composite decks are lower maintenance and will last longer, but from a return on investment point of view, a wooden deck may provide a similar effect for less money upfront.
Investing money in a bathroom remodel is money well spent. Whether you are updating current plumbing fixtures or adding a bathroom, buyers are willing to pay for these extras.
If you’re trying to pick and choose between which of your bathrooms should get the most attention, attending to an ensuite is a good move.
Roofs are expensive and have a limited life span, which is why home buyers are willing to pay a premium for a high-quality new roof. In terms of the best return on investment, asphalt shingles recoup costs well.
Don’t forget that your roof also adds to your home’s curb appeal and exterior decor. The color can make a statement.
Weathered, damaged siding not only makes your home prone to water damage, but it also looks dated and uncared for. Installing new siding makes your home airtight and looks more appealing.
Stay on trend and invest in manufactured stone veneer for your home’s exterior. It’s relatively low cost and easy to install. It requires very little maintenance afterward but will really draw buyers in and help you get top dollar.
Getting the best return on investment with your remodeling budget doesn’t necessarily mean that you need to spend a lot. Small jobs can impact your bottom line just as well.