If you’ve been thinking of remodeling but don’t know what projects will increase the value of your real estate, you’ll want to read this.
The question of renovation cost versus value of investment plays a major role in the project decision-making. What better place to start than with an expert real estate source who understands what those upgrades really do for the value of your home.
Not all projects are created equal. Some renovations are done purely for the enjoyment of you or your family with little consideration of the return on investment. The investment is in your happiness. Other projects, however, are done simply to increase the value of your real estate. Even more so, the typical home project has both objectives in mind. To add one more layer of complexity to the matter, the cost-versus-value issue changes year to year based on material costs, real estate market factors, and the current design trends!
Thanks to our team’s experience and sources like Realtor.com, we have a mound of information on where to start for the most value in your remodel!
Curb Appeal Projects
Your expert real estate agent will tell you over and over, first impressions matter. It is no different when it comes to remodeling. The curb appeal of your home is the first thing a visitor sees (think buyers). Here are a few home projects that will give you a higher return on investment in 2019.
- Replace Garage Door
- Add Manufactured Stone Veneer
- Install Metal Roofing
- Wood Deck Addition
- Replace Siding
Interior Projects
While the exterior home improvements rank the highest on the cost recouping scale, there are a few interior home remodels that rank up there as well. Here are a few of the highest ranking projects you can do inside the house to help increase the value of your real estate:
- Minor Kitchen Updates
- Bathroom Remodel (Keep it Neutral)
- Bathroom Addition
While these are great starter ideas, they do not cover in-depth discussions about your neighborhood real estate market conditions. Don’t start a project before talking to an expert.
If you’re thinking of jumping in on home improvement projects, talk to us about what these remodels can do to the value of your home!
(512) 676-5842
Source: realtor.com