What Home Renovations Increase Value?
People do East York home renovations mainly for two purposes: to live in a better place or to sell their home. Not all home improvements give a better return. A recent survey has indicated that projects that are energy efficient, less costly and requires low maintenance brings out the greatest return. So, you should invest in such projects. East York renovation contractors are experts and if you hire them, they will always look for long term profit for their clients. So, they suggest projects that will increase the chance of homes being sold at a high price. There are many renovations projects that are not profitable but here are dome home renovation ideas that will increase the value of your home.
- Replacing the front door
Your front door secures your house and welcomes your guests. If your front door is worn out, you should get it replaced. Replacing your old door with a new one will enhance the overall appeal of your house. This will change the look of your home completely. It will yield a real payback. It will cost you only about $2,000 to install a new door, and you will recover 75% of the cost at resale.
- New siding
If you have worn siding, it can decrease your home’s value by 10%. New siding shows that the house is in an excellent condition. Fiber-cement and vinyl are good siding options. Vinyl siding is durable and cheap. These are easy to install and requires low maintenance. They have fade-resistant finishes and lifetime transferable warranties. A vinyl siding has a median cost of about $12,000, and it will give you a return of 83%. Fiber-cement siding is also a good option and will give you a payback of 79%. But it is expensive than vinyl.
- New Garage Door
A new garage door will boost your home’s aesthetic appeal. You can expect an 87% ROI on your investment in a new garage door.
- Kitchen Upgrade
You can upgrade your kitchen with new countertops, cabinets, flooring, and energy efficient appliances. You will get 67% of your money back with kitchen remodeling.
- Adding a deck
People now love outdoor living spaces. By adding a deck, you can expand your living space at an affordable cost. It will cost you only $8 to $35 per square foot. It will make your house more attractive to the buyer.
- Having an extra bedroom
You can change your attic into a bedroom. The remodeling costs are low in this case as you already have the floor, ceiling, and the walls. Most buyers will be happy to see an extra bedroom in the house.
All these renovation projects will increase the value of your home. With the help of the best East York home renovations company, you will be able to sell your home at a much higher price than before with these simple improvements.
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