Getting the Best Return on Investment from a Remodel

There are two reasons why people are focused on home-improvement. One group of people want to make their house a comfortable place for them to live in for years to come. Others are looking to sell their house and are hoping that by making some renovations they will be able to add value to their home.

In order to do this, you need to have a good idea of the cost of the repair compared to the value that it adds to your home. Not all home repairs provide the same value to the home. For example, if you replace your garage door, it may cost you in the area of $3,500. However, it will up the value of your home by $3,400 approximately. This means that when you resell your home, you are recouping 98 percent of the money that you invested in the home. You are also enhancing the curb appeal of your home, making it more attractive to potential buyers.

Another project that has a good return on investment is a wood deck addition. When home improvement contractors Latrobe PA add on a wood deck, homeowners could expect to spend a few thousand dollars. However, they are usually able to recoup more than 80 percent of their investment when they sell the home. This is because a deck adds usable space to the home. People like the idea of being able to sit out on their deck and barbecue while enjoying good times with friends and family. It is also something that adds curb appeal to the home.

Kitchen remodels also provide a good return on investment when it comes time to resell. Some people think that in order to recoup their money they need to do a major kitchen remodel. That’s not really the case. You could do some minor work that has a major impact, such as removing old appliances and putting in energy-efficient models or updating the sink. These things add value to the home that you will recoup during the sale of the home.