Boost Home Value

7 Renovations to Boost Home Value

When the time comes to decide on renovations, it can be difficult to prioritize your options. And chances are, there are a lot of projects on your wish list. To help you narrow it down, we’ve put together a list of seven popular, cost-effective home renovations. From a whole new roof to a simple coat of paint, these projects will have great returns—whether you want to sell your home or Boost Home Value AND settle in.

1. Roofing to Boost Home Value

If your roof is over 20 years old — or if you’re itching to update it for style and curb appeal — a total replacement may be in order. It’s a big project, but it’s one that will pay off. A roof replacement can yield returns as high as 68.4 percent, according to Remodeling magazine’s 2018 Cost vs. Value Report — making a new roof a good investment for future resale. According to HomeAdvisor’s True Cost Guide, a new asphalt shingle roof will cost $1,700 to $8,400, while a tile roof will range from $8,000 to $60,000. Consult with a roofing pro to review your options.

2. Kitchen Remodel

A kitchen can make a big difference in the livability of your home, Boost Home Value And it can also make or break a sale. Clunky old appliances and “well-loved” countertops might keep buyers from seeing any potential to make the space their own. And these same details can take the joy out of your own morning routine. If you’re tired of dealing with the same-old, same-old, consider a few small upgrades, like updated lighting and appliances, to breathe life back into the space. A small remodel will likely cost around $5,000-$15,000, according to HomeAdvisor’s True Cost Guide. A more substantial kitchen renovation will cost around $21,000-$22,000. The good news is that big-ticket kitchen remodels offer returns averaging 53 to 81 percent, according to the 2018 Cost vs. Value Report. Hire a professional kitchen remodeler for the most impressive results.

3. Painting

Don’t be afraid to take a small risk in sprucing up interior paint—and exterior paint, if needed. But consider the atmosphere of the rooms you’re painting, and be careful about entering into tacky territory with bright primary colors and mood-altering shades. A red dining room, for example, may be too exciting for an environment that is supposed to be relaxed. And it may also deter future homebuyers should you ever decide to sell. There are lots of neutral colors you can use to enhance your walls without reducing your chances in a future resale. In 2017, Zillow reported that the most appealing colors for homebuyers are light blues, taupe, grey and griege. Most homeowners pay just under $2,000 to paint a home interior, according to our True Cost Guide. They pay just under $3,000 to paint a home exterior.

4. Bathroom Remodel

Upgraded bathrooms are one of the most sought-after elements in a home — both for buyers and homeowners renovating for themselves. The options for remodeling this space have grown to meet all varieties of budgets, which means that a sleek new bathroom is right at your fingertips no matter how much you want to spend. Even better: Bathroom remodels offer an ROI as high as 56 to 70 percent, according to the 2018 Cost vs. Value Report. The typical bathroom remodel costs between $6,000-$14,000, but even small upgrades of around $2,500 can make a big difference. Get in touch with a bathroom remodeler to discuss the possibilities.

5. Windows

Windows aren’t just for ventilation anymore. If you have still have standard, single-pane windows, you’re probably spending too much on your energy bill. Single-pane styles allow for excessive heat transfer and UV radiation. Plus, they’re easily broken and unlikely to be sealed well against drafts. You can upgrade to double-pane, triple-pane and reinforced or tempered glass windows for optimal efficiency, Boost Home Value and receive a 70-75 percent ROI, according to the 2018 Cost vs. Value Report. And HomeAdvisor’s True Cost Guide reports that the average cost to install windows is $2,500-$7,500. A professional window installer will be in-the-know about the latest technologies, and can help you pick the right materials for your home and climate.

6. Landscaping

Professional landscaping is one of the biggest ways to build your curb appeal. Realtors highly recommend it, as it is said to yield an ROI of over 100 percent. This investment can also boost home value by up to 20 percent. HomeAdvisor reports that homeowners spend an average of $3,000 to have a new landscape installed. And outdoor living areas with fire pits and lighting are a great way to amplify the appeal. Of course, it’s important to keep the yard balanced. It’s easy to over invest in a beautiful landscape when a simpler design would do.

7. Flooring

Hardwood is one of the most popular flooring options. And, as engineered hardwood has become more durable and made to mimic more varieties, the look is more attainable than ever. Installing hardwood flooring TO Boost Home Value has a potential ROI of 70-80 percent, according to the National Association of Realtors’ 2017 Remodeling Impact Report. And, according to HomeAdvisor’s True Cost Guide, wood flooring installation costsaround $4,500. Whether you have old carpet or creaky wooden floors, consider this upgrade to raise your home value and interior aesthetics. For a carpet upgrade, you’re looking at installation costs averaging $1,600. Hiring a flooring professional will guarantee that your flooring is installed correctly, and that the proper preparation and care is taken.

Northern Colorado is a great place to live! For more information, please give me a ring or email me today. I would love the opportunity to earn your business and partner with you in regards to your Real Estate needs.

If you are looking to purchase, I can show you how to save a lot of money, as much as 10% on the purchase and finance of your next home.

Contact me today to learn about ALL of my strategies to get you the BEST price for your home in the SHORTEST possible time, with the least amount of Brain Damage!

Paul Ross  970-217-3245

RESIDENT REALTY

SOURCE: HOMEADVISOR.COM

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