Home Improvements Ideas
If you are planning to remodel your home or build a new addition, you must of curse consider the return on your investment. In the housing market nowadays, the value of your home can be raised by the appropriate home improvements. Despite of the flop of housing prices in the last years, the return of investment for home improvements has continued to be fairly steady. Hence, it is a great idea to build an addition to your home or remodel it rather than trading up to a new one. Although getting back your financial investment is not your primary reason for your home remodeling project, you should also consider this when deciding which project is best for you.
In most cases, home improvements that add appeal to the look of the house have higher returns when sold.
Adding or Replacing the Siding
Aside from enhancing the appearance of your home and minimizing the maintenance and repair, the right siding can provide extra insulation, which can reduce the expenses for cooling and heating. Adding upscale fiber cement siding can redeem most value when reselling your home, with an 86.7% return of investment. Fiber cement siding have a variety of surfaces and finishes, quite same as stucco or wood, but it is termite resistant and fireproof.
Following the fiber cement siding is the mid-range vinyl siding with a return of investment at 80.7%, and the third is high-end foam-backed vinyl. The most common type of home siding, the vinyl comes in a variety of colors and finishes, which is great if you want to custom your house. Meanwhile, the foam-backed vinyl offers a very good insulating protection and you can save a lot of money.
Basically, upscale vinyl windows exceeded the traditional wood replacements however, all these projects have a return of investment of between 76% and 79%. Replacing your window can save you money on cooling and heating your home. So doing this particular home remodeling project is financially a great decision even if you are not planning on selling your home anytime soon. Additionally, you can save hundreds of dollars on the expenses of your project if you look into the Federal energy tax credits when you buy a high-efficiency replacement windows.
Installing a deck can regain 81.8% of the initial cost to build one, as well as add to good deal to your enjoyment of your yard and home. Maintenance-free decks with a pressure-treated wood made from Southern yellow pine, can last longer.
Kitchen and Bathrooms
Whether minor or major improvements to your kitchen, it is a great investment which often adds between 76% and 80% to the value of your home. Today refacing of the kitchen cabinets is very popular, it also adds more value to your home compare to the more intricate alterations.