Whether you are looking to renovate your home in preparation for a sale or are simply checking to see that you are making a sound investment, understanding the value of different home improvements can be very useful. The list below has been created to help you better organize your upcoming home improvement project by showing you the most valuable home renovation ideas.
1. Bathroom Remodel
Studies have found that minor bathroom remodels return, on average, 102% on the investment spent. You do not have to gut the bathroom completely, but just making small fixes can make a big difference. For example, you could replace the showerhead, the vanity, and the lighting fixtures.
Upgrading your landscaping can be a very cost-effective investment that offers an average return of 100%. The reason that landscaping is so valuable is that it can help you make a positive first impression. Investing in landscaping does not have to involve big purchases or hours of labor. Just keep your landscaping clean, crisp, and simple to upgrade your curb appeal.
3. A New Garage Door
Installing a new garage door, like those from Gate Expectations, is one of the most valuable home improvements that you can make. This is especially true if you are installing wooden garage doors on an existing motorized system. Reports show that you can expect to yield 98% of your investment on a new garage door.
4. A Kitchen Remodel
You do not have to completely remodel your entire kitchen to receive a return on your investment; a minor kitchen remodel can return 98% of an investment. For a successful minor kitchen remodel, you should start by replacing all of your appliances with new, energy-saving models. Then you can give the kitchen a new coat of paint and upgraded lighting fixtures. These simple changes should be enough to add a significant amount of value to your home.
5. Replace Your Front Door
Replacing your front door can return just over 90% on your investment. The reason that such as small change can be so influential is due to its effect on your home’s curb appeal. If you do not want to completely replace your front door, then you can always opt for a new coat of paint instead. When you are choosing your new front door color, you should stay in keeping with the period of your house and the local area. It is also worth considering which colors are most appealing to buyers. For example, teal, purple, grey and black have been found to be the most universally appealing front door colors.
6. Install a New Deck
Studies have found that adding a porch or decking to your home will offer an average return of investment of 90%. The reason that adding a porch or decking is so useful is that it adds to the square footage of your home, which can bump you up into a higher price category.
7. Renovate Your Basement
Renovating your basement adds value to your home for the same reason as adding a porch because it increases the size of potential living space. If you choose to remodel your basement, you can expect to see a return of 90%.