Even if you plan on living in your home for many years to come, any time you think about renovations, the return on your investment should be at the top of your list of priorities. After all, no one really and truly knows what the future will bring! Children grow up and have their own children, and suddenly the house is too small during the holidays! Job layoffs and promotions are a fact of life, and selling your home quickly at a good profit is always something you want to be able to do!
Contractors and architects alike advise that you always focus on basic home maintenance before you go and pick up countertop samples. For example, replacing the siding on a home gives close to a 93% return on that investment, while replacing roofs and windows can give you approximately an 80% ROI. The consensus is that a buyer will want to be able to assume that the basic systems in your home are solid: that the roof doesn’t leak and the HVAC will work well during the hotter and/or colder months of the year. Maintenance of the basic living conditions in a home can be extremely costly, and few home buyers will want to take that on right away.
The more luxurious items, such as steam showers and granite counters, will pay off, and bathroom and kitchen remodels continue to be two of the best investments that you can make in your home. These are the rooms that new home builders splurge on, so when a buyer is shopping, they are hoping to find those spaces in an older home as well.
As you consider home improvements and what you will want to do, always take the actual value of your home into account. You don’t want to spend ten or twenty thousand dollars for a futuristic kitchen with two refrigerators and the best oven/stove combo money can buy when your home is going to sell for $200,000. That doesn’t make any sense.
Here are the home improvements that will give you the biggest bang for your buck:
Call us here at Ascension General Contractors if you are ready to start renovating or adding space to your home! You can reach us by phone at (615) 750 2345, or visit our website: Ascension General Contractors