Why No One Talks About Remodeling Anymore
Home Improvements Ideas
When planning a home remodeling project or even making a new addition, one consideration you should keep in mind is the possible return on your investment. Even in the present housing market, you can increase the value of your home by the right home improvement. Despite of the fact that the housing prices have drop in the last years, the return of investment for home improvements has remained quite stable. Thus, there is a good financial reason to remodel your home or make an addition. Although getting back your financial investment is not your primary reason for your home remodeling project, you should also consider this when deciding which project is best for you.
In most cases, home improvements that add appeal to the look of the house have higher returns when sold.
Add or Replace the Siding
Besides improving the look of your home and reducing maintenance and repair, the right siding can also offer additional insulation, that lessens the cost for heating and cooling. Of the different kinds of siding, adding first-rate fiber cement siding recovers most value when you resell your home, with 86.7% return of investment. Fiber cement siding have a variety of surfaces and finishes, quite same as stucco or wood, but it is termite resistant and fireproof.
The mid-range vinyl siding offers the second best return of investment of 80.7%, followed by upscale foam-backed vinyl. Vinyl is the most commonly used siding which comes in different colors and finishes and make you customize the look of your home. Meanwhile, the foam-backed vinyl offers a very good insulating protection and you can save a lot of money.
Replacing the Windows
The first rate vinyl windows mostly tops the traditional wood replacement, but all of these projects offer a return of investment of between 76% and 79%. Replacing your windows can also save you money when it comes to heating or cooling your home, and making this particular project is a great decision even if you do not expect on selling your home anytime soon. Additionally, you can save hundreds of dollars on the expenses of your project if you look into the Federal energy tax credits when you buy a high-efficiency replacement windows.
You can recoup 81.8% of the first cost when you install a deck, and apart from that you can enjoy in your yard. Maintenance-free decks of pressure-treated wood often constructed of Southern yellow pine last for a long time.
Kitchen and Bathrooms
Whether minor or major improvements to your kitchen, it is a great investment which often adds between 76% and 80% to the value of your home. Refacing of kitchen cabinet is gradually becoming popular and can add more value to your home than complicated changes.