14 Remodel Projects That Increase Home Value

24 REMODEL That Increase Home Value PROJECTS 14 How do you increase your home's value? Learn about the average costs of popular remodeling projects and their estimated resale value. Garage Door Replacement $1,595 RESALE VALUE Ş1,410 COST RECOUPED 88.4% JOВ COST Top 3 tips when choosing a garage door: Choose a style that complements your home and the theme of your neighborhood. To save energy, consider buying an insulated garage door if your garage is attached to the house. If you live in a high wind or hurricane-prone area, make sure your garage door can withstand the elements. Siding Replacement (Vinyl) $12,013 $9,694 COST RECOUPED 80.7% JOB COST RESALE VALUE Top 3 tips when choosing the right siding material: As different kinds of siding require different amounts of maintenance, consider the amount of time you are willing to spend on maintenance. When choosing the siding material for your home, remember that some siding materials will last longer than others. Consider the cost per square foot per year to fairly compare different siding materials. Deck Addition (Wood) JOB COST $10,048 $8,085 COST RECOUPED 80.5% RESALE VALUE Top 3 tips when choosing the right material for your deck: Think about the amount of maintenance that is required for different materials for a deck. Find a decking material that is suitable for the climate of your region. Know that some materials can get so hot in the sun that you are unable to walk on them barefoot. Minor Kitchen Remodel $19,226 RESALE VALUE $15,255 COST RECOUPED 79.3% JОВ COST Major Kitchen Remodel JOB COST $56,768 $38,485 COST RECOUPED 67.8% RESALE VALUE Top 3 tips when remodeling a kitchen: Consider how much capacity you need for appliances like refrigerators and dishwashers to avoid too little capacity being a constant nuisance. 00. In work areas, walkways should be at least 42 inches wide for one cook or 48 inches for multiple cooks. When buying new fridges, ranges, and dishwashers, stick with the same brand to make the kitchen look consistent. Window Replacement (Wood) JOB COST $11,341 RESALE VALUE $8,937 COST RECOUPED 78,8% Top 3 tips when installing or replacing windows: Consider life-cycle costs of windows (energy, maintenance, painting, cleaning and all other costs associated with owning and maintaining the windows) when replacing windows rather than just the immediate cost. Consider hiring a pro to properly install the windows as poorly installed windows can cause windows to have shorter life spans, have difficulty opening and closing, and ultimately decrease the energy efficiency of your home. Avoid buying non-brand names as these might not be available if you need to get a window replaced in the future. Brand Converting an Attic to a Bedroom $51,696 RESALE VALUE $39,908 JOВ COST COST RECOUPED 77.2% Top 3 tips when converting an attic: Visit your local building department and find out if you need permission to make any structural changes to your home. Install windows in the attic to reduce the need for electric lighting which will also make the space more welcoming. Be clear on the function of the new room and how it will need to be structured before you start buying things for it. Basement Remodel $65,442 $47,639 COST RECOUPED 72.8% JOB COST RESALE VALUE Top 3 tips when remodeling a basement: Make sure you install enough artificial light to make the basement a nice place to be. Before starting the remodeling project, make sure the ceiling isn't too low for the room's purpose. Changing the ceiling height can prove to be costly. When remodeling a basement, consider the materials you choose knowing that water damage is more common in the basement. Roofing Replacement JOB COST $19,528 RESALE VALUE $13,975 COST RECOUPED 71.6% Top 3 tips when installing or replacing a roof: Make sure your roof is properly vented. If your roof is not vented well enough, it can lead to excess heat build-up and damaging moisture collection. Choose materials that match the slope of the roof to avoid your roof and home becoming susceptible to water penetration. Make sure that your roofer gives your roof the proper amount of overhang to protect it from wind damage. Bathroom Remodel JOB COST $16,724 $11,707 COST RECOUPED 70.0% RESALE VALUE ... Bathroom Addition JOB COST $39,578 RESALE VALUE $22,875 COST RECOUPED 57.8% Top 3 tips when remodeling a bathroom: Always use a licensed plumber to avoid costly problems later on caused by bad plumbing. Use materials (paint, flooring etc.) meant for the bathroom that can handle moisture. Make a detailed budget as bathroom remodeling can end up being expensive due to the different trades involved in the project (carpentry, plumbing, electrical, tile setting). Garage Addition JOB COST $52,382 RESALE VALUE $33,938 COST RECOUPED 64.8% Top 3 tips when building a garage addition: Consider what you will use the garage for so you structure it the right way and you allocate enough space for everything. Make sure you conform to building regulations regarding proper ventilation of fumes such as exhaust. Design the garage addition so it complements the rest of the house, both the inside and the outside. Family Room Addition JOB COST $84,201 $53,955 COST RECOUPED 64.1% RESALE VALUE Two-Story Addition JOB COST $161,925 $103,848 COST RECOUPED 64.1% RESALE VALUE Top 3 tips when building home additions: When planning your upgrades, make sure the new space matches your overall home design to add the most value possible to your home. Check with local community groups and the local building department that your home improvement plans are allowed to avoid the cost of having to undo them later on. Talk with an architect about your budget before the design process begins to create a realistic plan within your budget. This infographic was made available by ContractorQuotes.us Sources: http://realtormag.realtor.org/home-and-design/architecture-coach/article/2014/07/9-basement-revamp-mistakes-avoid http://www.bhg.com/home-improvement/deck/ideas/choose-the-right-material-decking/ http://www.bhg.com/kitchen/remodeling/planning/kitchen-design-guidelines/ http://www.doityourself.com/stry/finishing-an-attic-6-mistakes-to-avoid#b http://www.facilitiesnet.com/windowsexteriorwalls/article/Window-Replacement-7-Mistakes-to-Avoid-Facilities-Management-Windows-Exterior-Walls-Feature--1449 http://www.harryhelmet.com/the-10-most-common-roofing-mistakes/ http://www.hgtv.com/design/decorating/clean-and-organize/top-25-biggest-renovating-mistakes-pictures http://www.hgtv.com/remodel/outdoors/top-six-exterior-siding-options http://www.hometips.com/buying-guides/garage-doors.html http://www.remodeling.hw.net/cost-vs-value/2015/ https://trustedpros.ca/articles/general-contracting/how-to-avoid-the-most-common-home-addition-mistakes %24