Should you install that beautiful hardwood floor you have been eyeing or convert your attic into a guest bedroom? Will it be wiser to modernize your traditional kitchen or give your old plumbing an overhaul?
As homeowners, you need to be quite careful while making home improvement decisions because not all upgrades are profitable. It is sad but true. In fact, some of the most common improvements you make around the house are not worth what they end up costing. If you love them, great, but if you intend to put your house on the market in the future, you need to choose renovations that provide a good return on investment (ROI).
Here are some home improvements that will give you the most bang for your buck:
- Kitchen remodelThe kitchen is one of the most important rooms in a house, and when it comes to the costs of remodeling your kitchen, the sky’s the limit. Minor fixups, like installing new flooring, adding upgraded appliances, adding a new sink and fixtures, or refacing the cabinets and drawers, provide a recoup rate of 98.5%. Major changes, on the other hand, like creating an eating bar, provide an average of 91% return at resale.
- Bathroom renovationThere is an adage that it is kitchens and bathrooms that sell houses. While remodeling your bathroom might cost you a pretty penny, you will get most of it back. If you replace the tub, toilet, sink, vanity, fixtures, and maybe even the floor, you will be able to recoup 102%. If you replace or relocate your tub, shower, sink, and toilet, and add upscale design features like ceramic tile floor, linen closet, and lighting, you will get back 93.2% at resale.
- Deck, patio, or porch additionIf you live in a place where a deck, patio, or porch can be enjoyed all-year-round, it is a great idea to add one to your house. According to HGTV, homeowners can recoup anywhere between 83% to almost 100%. Adding an average-sized, simple patterned wooden deck offers a recoup rate of 90%.
Work with custom home builders in Houston to increase your home’s value and add to its resale price with these home improvements and more.
Get in touch with us at Hann Builders, the no. 1 Houston area custom home builders, for custom remodeling services at the best prices.