Have Your Cake and Eat it Too?
A home is an investment, and if you play your cards right you can get a pretty hefty return on your investment when it comes time to sell. The trick is to zone in on the projects that can offer the highest ROI (return on investment), and as of right now, the big three are bathroom remodeling, basement finishing and/or basement remodeling, and kitchen remodeling. All of these projects will not only increase your quality of living, but have also been proven to result in higher selling prices.
According to real estate agents and comparisons of homes sold in both the Loveland and Fort Collins area, these types of remodeling projects most often increase the value of a home beyond the construction costs. Imagine spending $8000 to make a few changes in the bathroom and discovering that it raises the value of your home by $15,000. Your mileage may vary, but these are the key areas that homebuyers are looking at.
Basement Finishing and Remodeling
A basement remodeling project literally increases the amount of square footage in your home. You can configure the new space to add additional bedrooms, bathrooms, a sewing room, office space, home gym, theater room, another living room or anything else you can imagine. A house with a finished basement maximizes the interior living space and offers a great return on your investment. Basement remodeling brings a finished basement up-to-date with clean fresh flooring, refinished walls and plenty of lighting.
A modern, functional, well laid-out kitchen is always popular with homebuyers and it’s one of the best ways to command top-of-the-market pricing for your home. You might choose granite countertops, custom cabinetry, or even the addition of a center island fully equipped with a stainless steel sink or cook-top range. No matter how fancy you get, investing in the kitchen always pays off. Upgrading to modern appliances also reduces energy usage.
Bathroom remodels are also a wise investment. Let’s face it; nobody wants to purchase a house with a funky old and outdated bathroom. If you click on “our work” at the top of the page, you will see a few examples of our latest bathroom remodeling projects that were very cost effective to complete, and have increased the value of our client’s homes.
So why put off that remodeling project any longer? Call today for your free, no-obligation estimate!
The HandyManual was created to help homeowners such as yourself learn valuable tips and tricks about increasing the value of your home and maintaining/protecting your investment. If you have a topic you’d like us to write about, let us know! We’re always on the lookout for new and fresh ideas.
Happy Home Improving!