When discussing home remodeling, increasing property value is always high on the list of motivations. Check out this article to learn more about maximizing your remodeling project.
Aside from seeing your ideas making a real impact within your home, getting a hefty return on your investment is the best part of remodeling your property. But that’s not a given, so here are a few tips:
Remodeling your home does not guarantee a return on your investment. Consider your long-term goals. Is this your forever home or a starter home that you plan to sell in a few years? Some home improvements will carry a hefty initial investment but recoup their value over time; these projects are best reserved for people intending to live in their homes for a while.
You also have to think about your budget and how you want to spend it. You could focus all your efforts to transform one room in your home, or opt to take on many small projects. The best house upgrades relative to impact are universal projects like interior painting, new light fixtures, and improving energy efficiency through insulation and double glazing, for instance.
Buying a home they know is going to cost them money is a huge deterrent for potential buyers. If you’ve taken on a home renovation before, you know how much of a headache the permitting process can be, especially retroactively. Maximize your return by investing in the right permits, inspections, and warranties from the get go–something that you should be doing regardless of your end goal. If the thought of permit applications makes your head spin, let us take care of it!
Remodeling your home to increase its value isn’t the time to cut corners or experiment with DIY; hire an experienced team to remodel your League City home. They execute a professional design and build process and can suggest additional ways of increasing your property value that you may not have considered, such as flooring upgrades, improved curb appeal, or smart home features. Keep it neutralThis is mostly relevant if you plan on selling your home in the near future. Homes that are too unique tend to stay on the market for longer than a “normal” house would.
To appeal to the widest pool of buyers possible, you want your remodel to be universal, not overly stylistic. Homes where striking interiors reflect an owner’s strong personal tastes
On the other hand, if this is your forever home, go wild. How much does a new kitchen increase house value? According to the most recent data provided by Cost vs. Value, kitchen renovations can recoup anywhere from 30-80% of their cost, making them one of the best home improvements to increase property value.
It’s important to remember that all renovations are different and this is an average figure. To put your renovation in the best position possible for a maximum return, make sure you hire a qualified contractor to get the job done right.
A key aspect to cultivating an increased property value is making sure you don’t overinvest on the remodel itself. Home renovations can cost anywhere from $10,000* to well over $100,000* depending on the extent of the work and overall scope of your remodeling project. To learn more about remodeling costs in League City, check out this article.
Get in touch with a local League City Remodeling Consultant to arrange an initial consultation to discuss your goals, budget, and ideas for your project!
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If you would like to find out how Refresh Renovations can support you with a high quality, efficient home renovation, get in touch today. Your local Refresh Renovations consultant will be happy to meet with you for a free, no obligations consultation.