When deciding on home improvement projects, look at the return on investment of the task you would like to complete. If you plan to remain living in the home, choose projects that are useful to you and your family. Consider the requirements of the task and whether you can complete the job yourself. Let’s look at a few projects that add value to your home.
Remodel the Kitchen to Add Value to Your Home
A kitchen remodel has the highest return on investment compared to other home renovations. Every homeowner will enjoy having a useful kitchen space. Depending on whether your renovations are minor or major, you can get a 60-80% return on investment from this work.
Adding fresh coat of paint is a smart way to boost value. Creating larger, more usable workspaces, like a kitchen island, is important for a good return. New appliances are another good addition to a kitchen project. Choosing energy-efficient models will reduce the cost to power your new appliances.
Add Another Bathroom
You can earn a return on investment of 50-60% with a new bathroom. Find an underutilized space to add the new bathroom. A regular full bath with a shower will require at least 30 square feet. For a half-bath, you will need at least 18 square feet. If you want a bathtub, you will need at least 35 square feet. Install a water-efficient toilet, showerhead, and faucet to make your new bathroom eco-friendly.
Energy-Efficient Insulation Adds Value to Your Home
Adding more insulation to improve energy-efficiency is a project that can save you 15% every year on your heating costs. Insulation can be bought and installed relatively inexpensively compared to other projects for the home. Extra insulation can save you hundreds of dollars each year on your utility costs.