Thinking about a remodeling project for your home this year? If so, there’s probably a good chance that one of the main factors in your decision is if the project will increase the resale value of your home. Our homes are quite often our largest investment, so making improvements that add value to that investment are a logical choice. Deciding exactly what project to choose can be a challenge, though. When thinking about all the features and potential additions to your home, the possibilities can be overwhelming.
Luckily, Remodeling magazine issues an annual Cost vs. Value report. Their report takes the average cost of 35 of the most common remodeling projects and compares it with the value that those projects retain in 101 U.S. cities. 22 of the projects are considered “mid-range” while 13 are considered “upscale” projects. Let’s review the 5 most cost effective “mid-range” projects from the study:
#1: Steel Entry Door Replacement
If your main entry door has been in use for a while, then you probably have begun to experience a few deficiencies. Maybe the paint or finish is deteriorating, the heat efficiency may be in decline and the material itself may be losing integrity. By replacing a wooden entry door with steel, you will have an extremely strong material protecting the entryway into your home. It will last much longer than wood and will bypass many potential problems. Installation should be complete in a single day. For a relatively small cost and short amount of time, you can ensure a great first impression of your home.
#2: Wooden Deck Addition
Adding a deck to your home allows you to expand your living space in way that promotes fun and relaxation. And in today’s busy world, that sort of space is at a premium. With a large number of jobs keeping employees indoors all day, having a convenient way to feel the sun and breeze while at home has a tremendous upside. Although new composite materials last longer and require little to no maintenance, wood has a certain undeniable appeal. Modern pressure treated lumber is still quite durable and is the most cost effective choice in terms of material and labor.
#3: Attic Bedroom
If your attic is large enough and can support the addition of a bedroom, it can be a great addition to your living space. It has built-in privacy and a unique charm and ambience. It is a way to capitalize on available space, and can sometimes avoid municipal building codes that a standard addition would bring into consideration. This particular project is definitely on the higher end of “mid-range” improvements, but with an 84.3% return rate it is still a good investment.
#4: Garage Door Replacement
If your garage door or any of the components of the opening mechanism are old or worn, you may want to consider installing a new garage door. Older garage doors are prone to cosmetic damage such as warping and overall deterioration. Installing a new one can make all the difference aesthetically and can also provide many years of carefree opening and closing.
#5: Minor Kitchen Remodel
The kitchen can often become the “heart” of the home. The look and functionality of a kitchen can make or break a potential sale faster than any other area of the home. Modern kitchens are trending toward being more open to allow for interaction with other parts of the home and also to allow for more interaction within the space itself. By staying ahead of current social and design trends, you can maximize your investment.
If you decide to undertake one of these remodeling projects, take advantage of a free estimate from your local Honey Do Service, Inc. Simply call or email your local branch and we will set up a time for our estimator to meet with you on-site and provide an accurate and detailed estimate for your project!