6 Home Renovations with High ROI

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Remodeling ROI for your home

If you are trying to decide which home projects you should do first, or if you are considering listing your home soon, you may be interested to know which home renovations give you the best bang for your buck. You may be considering updating appliances, carpeting, and paint to be the place to spend the money, but, don’t be so quick. According to a recent article in US News and annual reports in Remodeling Magazine, you may be better off spending your money in other areas instead.

Here are six great projects to consider that offer the best return on your investment.

Kitchen Remodel

It is true that the hub of any home is the kitchen. A kitchen remodel can recoup anywhere from 65- 80% and add value to your home quickly. It is a crucial selling point for most buyers as well. When remodeling your kitchen, consider upgraded modern countertops, cabinets, flooring, and lighting. You do not necessarily need to make a complete overhaul of the kitchen, however, consider at least a few of these options to get that updated look. If the kitchen is closed off from the rest of the house, look at opening up a wall to allow for an open concept. This may mean the difference between a quick sale or one that sits on the market for months.

Bathroom Remodel

Another prime area for investment is the bathroom. Remodeling a current bathroom will recoup a higher return than adding a bathroom. However, according to Remodeling Magazine and the National Association of Realtors, if you only have one bathroom and multiple people are sharing it, an additional bathroom may mean the difference between a sale or not.
When considering upgrading your current bathroom, updated tiles, tubs, sinks and cabinetry is vital. Increase lighting and space where possible. If adding a bathroom, the placement of where this bathroom is can be significant. Many people enjoy having an en-suite to the master bedroom. Your High Quality Contracting, Inc. remodeling expert can help design the perfect bathroom for you.

More Square Footage

According to the National Association of Realtors, a homeowner can expect to recoup upwards of 69% for refinishing a basement, attic, or other space in a home. By increasing the livable space in a home, you can assure that you will dramatically improve your home’s value.

Research the going rate per square foot for living space in your area to get an estimate for the value of the increase.

New Windows

Remodeling Magazine states that you should not invest in the top of the line for a window upgrade if you are planning to sell. Instead, invest in a midgrade product that is energy efficient. It increases the possibility for a faster sale, as well as brightens the room. You can expect to recoup upwards of 74% on vinyl replacement windows.

Added Insulation

2017 Cost Vs. Value Report in Remodeling Magazine reports that the number one ROI investment into your home was professionally installed attic insulation. Because of the substantial improvements in insulation products becoming more energy efficient and lasting longer, this upgrade makes sense if you are planning to stay or leave. Not only do you lower heating and cooling costs, but, you ROI is roughly around 108%.

Updated Home Siding

This one is just common sense. Updating your home siding can improve many aspects of your home as well as enhance the chances of a sale. Realtors insist on creating curb appeal when selling your home, first impressions count. So what is the ROI for the siding change? That depends on the product you choose as well as making sure it is professionally installed. The foam-back provides at least three times the R-Value as the hollow-backed siding. This reduces the overall heating and cooling budget for the home. The price is higher than the hollow-backed siding, but, it pays off in resale value and energy costs. Choose from a wide array of colors and textures to meet the structure of your home. If you are a little unsure as to what products would best fit your home and budget, one of our siding experts can help you decide by explaining the options.

There are many other projects that you can do around your home that have a good ROI; however, these are our top 6 for this year. If you are considering selling your property, give us a call and set up a free consultation. High Quality Contracting Inc. can assist you in deciding which projects might best help you increase your resale value.

 

2018 Bathroom Remodeling Trends

bathroom remodeling

 

Welcome to the latest and greatest bathroom remodeling trends for 2018 with a home bathroom remodel. Bathroom remodels historically are an excellent home investment with a high ROI. HGTV boasts in a 2017 article that the ROI on a bathroom can bring as much as 100% at resale. So, what do you have to lose?

Enjoy the great comforts of a beautiful and functional bathroom with some of the hottest bathroom trends for 2018!

Spa Showers-

Let it rain! Hand showers, body sprayers, and rain showerheads bring the latest in shower fixtures to your home. In an overall bathroom floor plan, increasing the square footage and adding a tiled shower which features a bench and nooks for comfort. The raining showerhead and other spa features can make each morning a bathroom dream to start your day off on the right foot. Image the elegance and simplicity of the space with the function of the rainforest. Now that’s living!

Individual Vanities-

Sharing is caring, except when it comes to bathroom space. Then it is each man/woman on their own. We all want our private areas to get ready, and individual vanities with sinks are the perfect way to share a master bath yet still keep your personal space. Avoid cluttering the countertops with plenty of storage for both of you. Outlets can be installed inside of drawers to keep the top clean and bright as well. There is a wide range of excellent vanities available that allow for individualized spaces.

heated flooringHeated Flooring-

Bare feet on a cold bathroom floor is never fun, so why not heat things up with heated flooring. There are a variety of products out now that range in price and features including anti-fungal properties. Electric in-floor heating mats installed under the tile are relatively inexpensive to run compared to forced air over the long run. There are two types of radiant floor heating systems including hydronic systems and electric radiant floors. Both work well under most conditions.

Tucked-Away Toilets-

Hot in 2018 is the tucked-away toilet. This is mainly placing the toilet behind a fogged glass, decorative screen, or half wall to allow for extra privacy. You do not need a lot of room to make your commode more private as even the smallest space can provide the required room. Also, do not worry that this will make your room seem claustrophobic as there are ways to create the feel without significant barriers.

Furniture Looking Cabinets-

Basic cabinetry has taken a new twist with pieces that contain sculpted legs, paneling and other unique features that create a furniture look rather than the traditional bathroom vanity. These pieces come in a variety of styles from very sophisticated to match an elegant theme to cute country themes.

Subtle Colors-

Invoke a feel of relaxation with neutral colors this season. Gone are the days of glaring or dark colors. Subtle colors do not mean boring by any means. Creating a fresh feel with tile arrangements, recycled glass, or metallic mosaics to spice it up.

vessel sinkVessel Sinks-

Vessel sinks are made from an array of materials such as glass, marble, tile and cast iron. They also are styled in a variety of shapes such as round, leaf, square, and more. The collection seems endless making the space a focal point of the room. Vessel sinks work exceptionally well with furniture looking cabinetry.

 

To get an estimate on your bathroom project for 2018, contact us here.