More and more homeowners are tackling home improvement projects to renovate and remodel their existing homes. Many people simply enjoy the challenge of working on their own homes to make them more beautiful and comfortable. Homeowners often cast a keen eye on the value of their real estate as well, realizing that making certain improvements can boost the price tag of a house when it’s time to sell. The specific market value of a property is an important factor when determining how much value a project will add to a residence. Many home improvement projects are simple in nature, and they don’t involve significant expenditures. These renovations can often have a positive impact on the value of a home.
Explore data that includes the job cost, resale value, and return on investment for common home improvement projects such as siding replacement, window replacement, kitchen remodeling, basement remodeling, bathroom additions, updates to landscaping, and garage additions.
No-Regrets Remodeling (PDF)
No-regrets remodeling involves making improvements to a house without making expensive or dangerous mistakes. Remodeling should enhance efficiency and comfort while adding value to the house.
Green Home Remodel (PDF)
An environmentally conscious remodeling project can lower utility expenses, reduce maintenance, and enhance the sustainability of a home. Lowering the impact a structure has on the environment can be an effective way to enhance home value.
Bathroom and kitchen remodeling generally top the list of the most lucrative home improvement projects that will enable homeowners to recoup their investments.
Performing minor repairs to the kitchen with improvements like replacing fixtures, painting walls, and replacing appliances will cost between $8,000 and $9,000. Consumers can expect to recoup about 88 percent of this expenditure.
Home Remodeling (PDF)
The homeowner who performs the work involved with a home improvement project themselves can recoup even more money due to the savings in labor costs.
Adding manufactured stone to either the exterior or interior of a home can boost a home’s appearance and popularity. This home improvement project may be an effective way to raise real estate value.
Predicting future home values is speculative. Therefore, homeowners seeking to increase the value of their house with home improvement projects must gather data and plan carefully to ensure the desired results.
Increasing living space by adding a bedroom and updating amenities in kitchens and bathrooms are two of the most effective ways for homeowners to increase the value of their homes.
Adding a deck is an effective way to increase home value. Homeowners often recoup the value of their investment by as much as 110 percent.
Remodeling a bathroom makes this space more enjoyable for a homeowner. Consumers undertaking this type of project will also increase the future resale value of a home significantly.
Installing solar panels makes a house more environmentally sustainable. This improvement also enhances the value of a home.