Many homeowners would love to upgrade areas of their home with a professional remodeling project but are put off by the cost. Luckily, many common home renovations can pay for themselves in added home value. If you’re looking to put your house on the market in the future, updating your home’s kitchen, bathroom, or other areas can help you catch the eye of potential buyers, increase the number of offers you receive, and raise your home selling price by tens of thousands of dollars.
Even if you’re not planning on selling your home anytime soon, remodeling projects can add a significant amount of value to your personal experience. Your home is where your family spends the most time together, so it’s nice to make it as welcoming and relaxing a space as possible.
Best Remodels for Return on Investment
Home remodels come in all varieties. If the homeowner can dream it up, it can usually be done. However, there are several common residential remodeling projects that when done well are almost guaranteed to upgrade the look and feel of your home and give you a great return on investment. Your project may include intensive work like changing layouts and floor plans or rewiring electrical systems or more DIY-friendly tasks like updating the doorknobs, light switches, and drawer pulls. No matter the scale of the upgrade, giving your home some special attention will help you—and potential buyers!—love the space.
1. Bathroom Remodel
Bathrooms are one of the most frequently remodeled rooms, and for good reason—the payoff is huge! Although big projects like replacing tiling or a tub are great, even simple updates like replacing the light fixtures, vanity, or showerhead can make a big difference. Depending on the scale, cost, and style, bathroom remodels usually have a return on investment (ROI) of 93% to 102%. (That’s right, you could even make a profit on this!)
2. Landscaping Upgrade
When clients think of home remodeling, interior projects usually come to mind. However, taking some time to consider what’s outside that home is important, too. Updating the landscaping in your home’s yard will ensure visitors get a good first impression. In fact, it’s standard practice for realtors to recommend landscaping improvements to improve curb appeal before placing a house on the market. A simple design is okay—in fact, this can be your best option since it will require less maintenance and upkeep in the future, and it’s easy to get started since local garden centers often provide free design services. Landscaping frequently results in a 100% return on investment.
3. Kitchen Renovation
Kitchen renovations are one of our most-requested remodels, and it’s not surprising since these rooms are a central area in the home but can easily begin to look dated. Remodeling a kitchen often involves applying new paint, installing a trendy backsplash, replacing old appliances, or updating the flooring material. If you don’t love your current cupboards, you can either paint or stain them for a fresh new look. If you’re looking for an even bigger improvement, you can have complete design freedom with brand-new cabinetry. Depending on the extent of your remodel, kitchen renovations can give you between a 91% and 98% ROI.
4. Attic Conversion
If your home has a large enough attic, it can be renovated to serve as a functional bedroom or office space. Adding a whole room of usable space to your home can increase its value significantly, especially in locations where the average family size is larger or the typical home may be on the smaller side. The typical ROI for attic conversions is around 93%, although you should make sure to factor in additional heating and cooling costs.
5. Front Door Refresh
Another strategy to improve your home’s curb appeal, giving your front door an update is one of the cheapest home upgrades you can do. Maybe you opt to paint your old door, turning the wood a cheery shade of yellow or turquoise, or you might decide to purchase a new door entirely that better fits the overall design aesthetic of your home. No matter which option you choose, you’re likely looking at a return on investment of around 90%. While you’re focused on your home’s entryway, you could also update the railings, window boxes, shutters, or other elements.
Home Remodeling in DFW
Lasco Remodeling and Construction has been providing the Dallas-Fort Worth metroplex with top-quality remodeling, construction, and custom cabinetry services for over 20 years. We can help you with home remodeling projects large and small! Contact us today to learn more or let us know about a project you have in mind.