Invest in Projects That Will Boost Your Home's Value
Many homeowners wonder these days where to sink their money when it comes to home improvement projects. This is not just a simple question, because the answer really comes down to the difference between cost and value. So what projects provide the best bang for your buck?
Installing New Siding
Part of the charm of a home is its visual appeal. Projects that increase the visual appeal of the property are the quickest way to add value. One way to do this is by installing new siding. Updating your home's siding can increase its value by as much as 10 percent and offers outstanding opportunities for long-term ROI based on the siding and design that you choose.
Small Bathroom and Kitchen Projects
Inside the home, there are two main areas that garner a lot of attention — the kitchen and the bathrooms. An easy upgrade for kitchens and bathrooms involves the use of natural stone. Beautiful travertine, marble, granite and sandstone can add a lot of drama to a room. The great thing about natural stone is that it makes for beautiful flooring, countertops and backsplashes, and you can pair it with many other materials, such as a copper sink or an onyx bowl sink for the bathrooms. A smaller project like replacing the countertops can increase the long-term return almost 80 percent.
Enhancing Curb Appeal
Want an easy way to increase your curb appeal and boost your home's value? Simply replace or repair the front door. A beautiful entryway is one of the very first things that people see when they come to your home. Let your entryway be the introduction that not only impresses people, but also welcomes them. Replacing or repairing the front door is one of the highest forms of value that you can give to your home.
Creating More Space
If you're not using your attic space or could just as easily de-clutter or invest in a storage unit, it's a great area of the home to renovate to provide more usable space. Transform the attic into another bedroom, a home office or even a bonus room for the family to enjoy some downtime. This is an easy way to create more living space without increasing your home’s footprint, keeping your costs while giving you about a 79 percent ROI.
There is a whole list of projects that range from minor to major and that boost the value of your home. If you would like more information on how to calculate the value of a project, contact Owens Construction. We are experts at creating more value in your home through beautiful remodeling projects.