When you decide to undertake a home remodel select projects that boost your home value. Of course, you want to create a home that matches your personal style, but some renovations offer more return on investment than others. Spend your time and money wisely on the right home renovations.
One way to start your home remodel is with a visit to the First Coast Supply showroom and appliance store in Jacksonville, Florida, to see current trends and get ideas. Keep in mind, you don’t want to price your home out of the neighborhood. What are the current home values in your area? Select remodel projects that match the feel and price range for your home and neighborhood.
Go Back to the Basics
Before you spend $50,000 on your dream kitchen remodel, consider whether basic maintenance areas are in good repair. The foundational elements of your home like the siding, roof, windows and HVAC system matter more to potential buyers than a new kitchen.
In fact, new siding offers a 92.8% return on investment and a new roof or windows offers an 80% return at resell. Schedule inspections for your home to ensure you aren’t left with unexpected or costly repairs before you tackle other home renovations.
Kitchen renovations consistently rank among the best renovation projects to boost home values. Specifically, new cabinets, appliances and countertops add value and offer a high return. Moderate kitchen renovations have a higher return on investment than luxury kitchen updates.
Incorporating energy efficient appliances available at your local Jacksonville, Florida appliance store, not only modernizes your kitchen but also saves money on energy expenses. In addition, incorporating LED lighting and low-flow faucets save on monthly utility expenses and are appealing to home buyers.
Bathrooms also add value to homes. However, before you update your existing bathroom consider that homes with only one bathroom benefit more by adding a second bathroom than updating the existing one. In fact, adding a second bathroom can increase your home’s price by 8.7%.
Walk-in-showers are now a better choice than adding a upgraded tub to your bathroom. Home buyers desire a larger shower over a jetted tub. Like with a kitchen remodel, it’s smart to include sustainable features like reclaimed materials, LED lighting and low-flow faucets and toilets. Savvy home buyers expect modern, sustainable features and will pay more for them.
Adding square footage to your home helps to boost your property value. A study from the National Association of Realtors showed that each 1000 square feet of added space increased the sales price by 3.3%.
Sunrooms are a popular addition and can be combined with an outdoor kitchen for even more appeal and usability. As we said, adding a second bathroom brings a higher return than renovating the only bathroom in a home. Other popular home additions are bedrooms, family rooms and home theaters.
Make a Home You Love!
If you’re preparing your home to sell, it’s critical to consider how renovations will impact your property value. However, if you plan to live in your home for years to come, your renovation projects should reflect what you want in a home. Focus on making a home you’ll love that meets the needs of your family.
To get started on your home renovation project visit the First Coast Supply showroom and appliance store in Jacksonville, Florida today.