Your home is more than a place to live. Buying a home is the biggest investment most people ever make. That means you’ll want to make the most of that investment.
I know what you’re thinking…
You want to build an Olympic sized swimming pool, a bowling alley in your basement, and why not surround your entire property with a moat…
Ok, so you’re probably not seriously thinking of anything that outrageous. But you may be surprised at how easily you can boost your overall property value with a little remodeling TLC.
Join Built to Last Co., your home remodeling contractor in West Lafayette, IN, for a few examples of remodeling projects with a major return on investment (ROI)!
What Do People Want in a Home?
When it comes to a decent return on investment, the first thing to pay attention to is current trends in the marketplace. If you have a mind for what home buyers are looking for, you’ll be that much more secure in your mission for a greater ROI.
As millennials make up more of the home-buying population, smart technology is becoming increasingly desirable for prospective buyers. Things like smart thermostats and keyless entry are getting more popular with younger homebuyers aiming for technological solutions to creating convenience.
Get in touch with a good contractor near you to see what options are available to turn your house into a technologically desirable home.
Create an Open Floor Plan
People are fond of open concept plans in their homes nowadays. A living room that opens out into the kitchen is a common example of an open floor plan. You can picture yourself watching TV with the family as you prepare food in the kitchen.
This brings more natural light into the home and feels more inviting as it helps bring convenience and family togetherness into your castle.
There’s a reason for the term, “curb appeal.” The exterior is the first thing people see when they look at your home, and without it being visually appealing and well-maintained, you may as well forget about attracting any buyers.
Roofing – Adding a new roof not only increases curb appeal, but it also gives your home’s value a real boost. This can be a pricey investment, but the return you get on closing day will far outweigh the initial cost.
Paint/Siding – Peeling, chipped paint or curling, aged siding is a direct turnoff for home shoppers. You can be sure to lose interest with buyers as your home’s value is also diminished.
Doors – The front door and garage door are the most visually impactful, along with bringing energy efficiency and security to your home. You will recoup the cost of these investments through things like lower energy bills and increasing resale value.
Extra flair – And if you really want to boost the value of your home, adding brick in places or adding a stone veneer is a great way to raise both curb appeal and home value for relatively cheap. Adding extra flair has practically limitless potential. It’s a great idea to look at what other people have done and consulting a designer for new ideas on how to upgrade your home’s curb appeal.
Renovate Outdated Rooms
One way to secure a weighty ROI is to fully restore an outdated or less-than-functional room. Notable renovations include kitchen and bathroom.
Kitchen Remodel – The kitchen in particular is the most important room for adding value to your home.
Let’s face it—if your kitchen is undesirable, it doesn’t matter what the rest of the home looks like. It’s a real deal-breaker.
Replacing décor and updating appliances is crucial. But it can be easy to go crazy. Many times, new fixtures, drawer handles, and matching appliances is enough to sway a buyer. And if your home has seriously outdated décor, a bigger investment may be necessary to bring your home up to modern standards.
Bathroom Remodel – Most of the time, some upgraded décor is all that’s needed to give your home’s value a boost while being attractive to buyers. Unless there’s something really wrong with the tub, shower, or toilet, you can make a gorgeous bathroom with a little fit and finish. Some new, stylish fixtures and some paint and flooring can totally transform your bathroom into a place of luxury.
Assess Your Flooring
There are plenty of things to consider when it comes to flooring. Current trends may tempt you to replace it, but it depends on your needs and the state of your current flooring.
If your carpet has seen better days, then your home’s value will suffer. Replacing it with either new carpet or hardwood flooring will give you immediate benefit. But if your carpet is fine, then it’s a matter of your goals. If you’re planning on selling soon, you might want to leave it for the new owners to decide.
If you’re wanting a sleek, modern look, hardwood flooring is a luxurious addition not only for you, but also for prospective buyers.
Your Home Remodeling Contractor in West Lafayette, Indiana
This is just the tip of the iceberg, so to speak! There are countless ways to upgrade your home to bring you a serious return on investment. But we wanted to show you some of the basics—from roof to floor—that’ll bring value to your home, whether you’re planning on staying awhile or you are looking to sell.
If you have any questions about what all is involved with a particular type of home remodeling project or you’d like to get one off the ground, get in touch with Built to Last Co. in West Lafayette, Indiana at (765) 543-5776.