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Home Renovations that increase ROI

Home Renovations That Increase Return-On-Investment

Many homeowners make renovations with the hope of recouping some of the money spent on the project upon selling the house. Unfortunately, while many home upgrades raise a property's value, few offer a significant return on investment (ROI). If you are a homeowner thinking about making any renovations or improvements, prioritize those that would yield the highest return.

Building Projects That Increase Your Property's Worth

Here are some building projects that can help increase the value of your property:

Kitchen Remodels

Improvements made to the kitchen are worthwhile. To attract buyers, many sellers are updating and revamping outdated kitchens. It's best to take it slow and steady while renovating a kitchen. Upgrade to a more contemporary, energy-saving kitchen faucet, install new cabinet hardware, and switch out inefficient light fixtures.

Instead of buying new cabinets, consider painting the existing ones or working with a refacing firm to have the boxes refinished and have new doors, drawer fronts, and hardware installed. Your kitchen's appearance will be enhanced by these minor changes.

New Windows

If you want to improve the look of your home and increase its energy efficiency, insulation, and longevity, consider replacing all of the windows. There are a few ways to maximize return on investment (ROI) when remodeling this area, but vinyl or wood replacements are often the best bet. Vinyl can be less expensive and simpler to care for, but wood is still the material of choice for traditional-style homes.

In the southeast, vinyl choices also often offer a greater ROI. If lowering your energy bill is a top priority, the Department of Energy has compiled a list of the Energy Star criteria and necessities to assist you to make an eco-friendly transition.

Enhance the Curb Value

It's important to make a good first impression. Curb appeal may be improved in a variety of ways, from just washing the siding to more complex renovations like installing a new walkway. It's not necessary to spend a lot of money to get good results. Changing out the entrance door is a simple and low-cost approach to updating the look of your property. Clean up the landscape by trimming shrubs and mulching around trees.

What’s more, create some visual interest with a flower garden or colorful plant containers. Get out the scrub brush and get rid of the years of grime that have accumulated on your home's exterior. Put some paint back on the worn spots. Don't overdo it, just like the majority of the stuff on this list. Simply adding some shrubs and plants in strategic locations throughout your lawn and garden will do wonders for your home's value.

Replace Garage Door

The concept that replacing your garage door is a high return on investment (ROI) project is common knowledge among homeowners. While the cost of a new or improved garage door may vary based on the environment and weather patterns in your area, it will indeed be one of the best ROI improvements you can make, returning an average of 80% of the cost. If the current motorized opener can be put to good use again, the return on investment will certainly rise.

Boost Energy Efficiency with Home Insulation

You can get a home inspector to see whether your home has poor insulation or poorly ventilated windows and doors. It all adds up to greater energy bills for the homeowner. Making simple changes like installing new insulation in the attic is a good place to start.

To avoid energy loss, seal spaces around doors, windows, light switches, and electrical outlets. Potential purchasers may be put off by the home's drafty single-pane windows. The installation of Energy Star-rated windows and other home insulation projects can reduce the cost of heating and cooling a home. If you upgrade to anything that has earned the Energy Star label, you may be eligible for a green energy tax credit.

Summary

Most home renovation projects do not result in a rise in property value that is large enough to cover their expenses in full. Hence, it's recommended that homeowners prioritize those renovations, insulations, and improvements that will have the greatest impact on their quality of life. Also, you can improve your home's ability to heat and cool by installing properly insulated walls. With all the insightful ideas provided above, you can get the most out of every improvement and recoup most or all of their investment when it's time to sell.

Do You Need Professional Insulation Services? Call Us Today!

Contact us today at Koala Insulation for all of your various home insulation needs. Our experienced team can offer you the ideal insulation solution that meets your needs, budget, and can increase your home’s value. We’re proud to serve clients throughout Nashville, Brentwood, Murfreesboro, Franklin, Mt. Juliet, Madison, Green Hills, Hermitage, La Vergne, and Smyrna, Tennessee.