When considering where to spend your hard-earned money, not all home improvement projects offer the same return on investment. The following projects are areas where you can update your home while also boosting its resale value. At Owens Construction, we feel that educated and empowered homeowners make the best possible client, which is why we offer tips and advice on improving your home's appeal, function and value.
Adding a Bathroom
For many prospective buyers, the number of bathrooms that a home offers is a top priority. Too few bathrooms and many people won't even give your home a chance. Adding a bathroom is often easier and less expensive than people think. Bathrooms can be carved out of extra space in a bedroom or dining room or can be placed in underutilized spaces such as closets or under the stairs. The experts at HGTV estimate that homeowners can recoup between 80 to 130 percent of the cost of adding a bathroom. Costs can be controlled by shopping for fixtures that are discounted by big box home supply stores or looking for reclaimed options on community websites or at stores such as Habitat ReStore.
Remodeling the Kitchen
For most families, the kitchen truly is the heart of the home. It is an area where both form and function play important roles. Prospective buyers always evaluate a home's kitchen, as this is also one of the more expensive parts of a house to remodel. By doing the work for them, you can attract far more buyers to your property. Begin by assessing the fixtures and appliances, and replace those that are failing or dated. A fresh coat of paint in a carefully chosen color can add a great deal of visual appeal to the kitchen, and many floorplans are perfect for a bold accent wall. When approaching a kitchen remodel, be sure that the finished product is in line with the rest of the home, and that you don't go overboard.
Build a Deck
Extending the family's living space into the outdoors is important to many buyers; a beautiful deck addition is a great way to accomplish that goal. There are a multitude of deck plans to choose from, in virtually every shape and size. Costs vary widely, depending on the size, materials and whether or not a homeowner can complete the project on their own. According to experts, it is possible to reclaim 65 to 90 percent of the cost of adding a deck. Keep in mind, however, that a shoddily built deck can turn off potential buyers, so consider hiring a pro for this project.
Update the Plumbing
Another home improvement project that is often better left in the hands of a professional is plumbing updates. Issues with your home's plumbing will come up in any basic home inspection, and many buyers will not risk purchasing a home that is in need of costly repairs; any plumbing issue, even a small one, will cause buyers to question the condition of the entire plumbing system. Consider replacing old or worn plumbing with PEX. Today's options allow new plumbing to be installed without the need to tear into large portions of drywall.
A free estimate from Owens Construction is a great place to start with any renovation. We can give homeowners the information they need to make an informed choice. Contact us to get started today.