Renovating your home is one of the best ways to make it feel more like your own. It can also modernize it and make it more valuable. For some, home renovations prepare a home for flipping, but for others, it’s about making the home they live in more valuable. There are a few key areas to focus on when renovating your home to ensure you get the most value from your investment. In this article, we will discuss eight home renovations that add tremendous value to your home.
1. Garage Door
Not only garage doors, garage floors are also an important part of your home’s curb appeal. Many homeowners don’t know what concrete garage floor repair involves and what they should do after. Concrete garage floor repair is when experts or homeowners fix surface imperfections, like cracks. For cracks in your garage floor, experts recommend using an epoxy, polyurethane, or polyurea repair product that is sandable.
Garage doors are an important part of your home’s curb appeal. If your garage door is old, dented, or otherwise in poor condition, it can bring down the value of your home. Replacing your garage door is a relatively inexpensive way to increase the value of your home. In terms of value, you can expect to recover up to 97.5% of the cost, making it one of the most worthwhile investments you can make in your home.
Some common garage door styles include wood, steel, and aluminum. You can also choose from various textures and colors to find the perfect look for your home. The replacement cost can be between $2,500 and $10,000 depending on the material, style, and size of your garage door. If you plan to hire a professional to install the garage door, expect to pay an additional fee for the labor.
2. Kitchen Remodel
The kitchen is often referred to as the heart of the home. It’s where families gather to cook, eat, and socialize. It’s also one of the most important rooms in your home when it comes to resale value. According to Realtor.com, 80% of homebuyers consider the kitchen to be the most important room in the home.
A kitchen remodel is a big investment, but it’s one that can pay off in terms of both pleasure and value. The average ROI for a kitchen remodel is somewhere between 54% to 59% on average, though this varies from state to state. In states like California, Hawaii, and Washington, the ROI is often up to 93%. When planning a kitchen remodel, it’s important to keep the following in mind:
- The size of your kitchen
- The layout of your kitchen
- Your budget
- The style of your home (contemporary, traditional)
Some kitchen remodel ideas include:
- Installing new countertops
- Refinishing or painting cabinets
- Updating appliances
- Adding or removing an island
- Changing the layout
- Installing new flooring
3. Central Air
Central air is a must-have in many parts of the country. If you live in an area with hot summers and cold winters, central air can make your home much more comfortable. When installing a central air system, you can expect to pay between $6,000 and $15,000 depending on the size and complexity of your home. It will also depend on the type of air conditioner you choose, and whether or not you need to install ductwork.
When installing central air, you’ll need to hire a company like Williams Comfort Air to install the system. The company will also need to do a load calculation of your home to determine the size of the air conditioner you’ll need. The increased value can offset the cost of central air it adds to your home. Not everyone will notice whether you’ve replaced your system or not, but they will certainly notice whether or not it is old and inefficient.
4. Energy-Efficient Windows
Windows are an important part of your home’s curb appeal, but they also affect your home’s energy efficiency. If you live in an older home with single-pane windows, you’re likely paying more for heating and cooling than you need to. Replacing your old windows with new, energy-efficient windows can help you save money on your utility bills and make your home more comfortable.
You can expect to pay between $300 and $700 per window, depending on the size and style of the window. The type of glass will also affect the price. If you live in a colder climate, you may want to consider windows with argon gas. This type of glass is more energy-efficient and can help keep your home warmer in the winter.
5. Solar Panels
Homes with solar panels installed are much more valuable than those without. Solar panels are a great investment, not only because they can help you save money on your energy bills, but also because they increase the value of your home.
Installing solar panels will cost you between $15,000 and $30,000 depending on the size and complexity of your home. The price of solar panels has come down significantly in recent years, making them more affordable than ever.
An 8 kW solar system can generate enough electricity to offset the energy usage of an average home. This system can raise the value of your home by nearly $50,000; a significant amount, even considering the amount of money invested.
6. Siding
Old, beaten-up siding can really drag down the value of your home. If you’re looking to improve your home’s curb appeal and increase its value, replacing your siding is a great place to start. There are many different types of siding available on the market today, from wood and brick to vinyl and fiber cement. The type of siding you choose will affect the price.
Vinyl siding is the most affordable option, but it’s not always the best choice in terms of quality. Wood siding is more expensive, but it adds a lot of character to your home. The best siding is fiber cement, which is durable and looks great. In both cases, you can expect to recoup up to almost 70% of the siding cost when you sell your home.
7. Gutters
Gutters are an important part of your home’s exterior, but they’re often overlooked when it comes to home improvement projects. Gutters play a crucial role in protecting your home from water damage. They help to divert rainwater away from your foundation and prevent flooding in your basement. Replacing old, damaged, or missing gutters can help to improve the value of your home. Gutters typically cost between $3 and $6 per linear foot, making them a relatively inexpensive home improvement project.
Endnote
These are only a few of the home renovations that can add value to your home. There are many other projects you can undertake to increase the value of your property. When planning a home improvement project, be sure to consult with a real estate agent or appraiser to get an estimate of how much value you will add to your home. Be sure to consult with a qualified contractor to get the job done right.
