Home Improvements That Are Worth the Cost
Very few homeowners realize that every home improvement project does not offer a satisfactory ROI (return on investment). In fact, many upgrades that you make around your dwelling end up costing a lot more than they are worth.
If you love the outcome and home improvements are useful to ‘you,’ even overpriced upgrades may be worth it. However, if you think you may want to sell your house in the near future, make it a point to choose renovations that increase its value.
Here in this post, we will discuss eight home improvements that are totally worth the cost:
- Garage Door Replacement
Replacing an old garage door with an upgraded model can yield you a high percentage in recouped costs especially if you are able to reuse the existing motorized opener.
Upscale garage doors available today are made from durable materials such as steel, aluminum, wood composites, etc. Some materials may also offer energy-saving insulation.
Wooden garage doors look great but do keep in mind that wood is not weather-resistant. If it’s your heartfelt desire to get a wood garage door, you may want to consider fiberglass or wood composite.
- Roof Replacements
According to NAR, replacing an old roof recovers more than 100% of its cost at resale. So, if your home is 15-20 years old, it’s time to replace the roof.
Even if there are no noticeable signs of leaks or damages, you may want to provide the next homeowner the assurance of a new roof. Roofs do require replacements at some point in time; consequences of waiting can be costly, including mildew stains and ruined walls.
Nowadays, energy-efficient choices are more popular with homeowners; white metal roof, for instance, is 50-60% cooler than a black asphalt shingle roof.
- Window Replacements
Old and dilapidated siding can date the overall appearance of your house, and not in a good way. Therefore, siding and vinyl window replacements are considered valuable renovations. In order to make a siding upgrade look great, make sure not to ignore the trim.
Complement the new siding with low-energy vinyl window replacements for the best results. Replacing old windows with energy-efficient alternatives can also save you hundreds of dollars each year in heating & cooling costs.
A full window replacement isn’t always necessary. A specialist can help identify rotting frames or condensation between panes to ascertain which windows require replacement. Finally, you can go for custom window treatments to enliven and elevate a room.
- Wood Deck Addition
Homebuyers are always on the lookout for properties that have a dedicated space for entertainment and that includes outdoor areas such as backyard deck or patio. If your house does not have one already, maybe it is time to add one. Do keep in mind that a backyard patio or composite deck addition will not yield as much ROI as a wood deck addition. For added function and stability, consider adding a wooden railing as well.
If the budget allows, you may also consider adding a covered terrace in your home improvement project. This will make your house look bigger; homebuyers tend to imagine wooden decks with covered terraces as extra living spaces.
- Install Hardwood Floor
Hardwood floor is more expensive in comparison to wall-to-wall carpet. However, the hardwood floor sure looks more elegant. In the long run, it may save you money too. A hardwood floor can last up to 25 years while wall-to-wall carpet can at most last up to 10 years.
- Kitchen Remodel
Homebuyers want to buy residential properties that have upgraded kitchens. They do not want to spend a ton of money on such home improvements after purchasing the property. You may consider installing new countertops, painting cabinets, upgrading flooring, updating sink & faucet, and putting in energy-efficient appliances.
When it comes to kitchen remodeling, there is no limit to the amount of money that you can spend. But instead of a major upscale kitchen remodel, you may just go for a minor kitchen remodeling project to recoup maximum of the cost in average resale value.
- Bathroom Remodel
A bathroom remodel is certainly not a low-cost or weekend home improvement project. But you will get back almost as much as you spend. Just make sure you stick to upscale fixtures and neutral color pallets. Even a mid-range bathroom remodel that includes upgraded tiles, lighting, counters, toilet, and fixtures, can add great value to your house.
As people grow old, they tend to look for houses having bathrooms with support bars, walk-in showers, lowered light switches, and even wheelchair accessibility. Making such additions to your bathroom to make it ‘universally-accessible’ can help the elderly in your family and ensure a satisfactory ROI when you sell the house in the near future.
- Consider Reupholstering Furniture and Upgrading Window Drapery
Smart homeowners know that the cost of reupholstering sofas, chairs, and other furniture items is considerably lesser than the cost of buying a new piece of the same quality. Since you can choose custom fabric and trim, it is possible to have a high-quality furniture item gel with an upgraded (or evolved) home décor.
Custom window draperies can also elevate the aesthetic appeal of your home. While reupholstered furniture and window draperies will offer the coziness and comfort until you live in the house, a prospective buyer in the near future is also more likely to appreciate the ambiance.