• Specializing In Helping FirstTime Home Buyers

Compare Listings

What Remodeling Projects Add The Most Value?

What Remodeling Projects Add The Most Value?

Remodeling a home, even in minor ways, can increase a family’s comfort and enjoyment. But whether or not they’re planning to sell, many homeowners considering an upgrade wonder how much the planned project will increase the value of their home.

Surprisingly, design experts say, sometimes not as much as the remodel might cost. Certain home improvements always net more bang for your buck than others—and they’re not always the most expensive projects.

For example, according to Remodeling Magazine’s annual Cost vs. Value Report last year, a new front door adds an average 96.6 percent of the amount you spent on the door to the actual value of your home—and sometimes, simply painting your existing door can bring almost as much value.

Similarly, replacing windows and/or siding with attractive energy-efficient materials is often worth more in terms of increasing a home’s value than larger projects such as a room addition.

JDDPXRealEstate Home Remodel

Also leading the list in terms of cost vs. value are kitchen and bath renovations. The report found that kitchen projects yielded a higher return than bath projects, and that even a minor kitchen remodel can add 82.7 percent of the project’s cost to the home’s value.

That’s because, remodelers note, smart shoppers can do a kitchen remodel for less money than many people assume it might cost. The average cost of a minor kitchen remodel—new cabinet doors, appliances, countertops, sink, faucet, paint and hardware—is under $20,000 nationwide, about half what surveyed consumers guessed.

StategiesTo Start Saving

A rule of thumb for maximizing value, the experts added, is to spend about 25 percent of the home’s value on a kitchen remodel, and 12 to 15 percent on a bathroom upgrade—and realize that where your home is located can make a difference. An added swimming pool, for example, will likely add more value in Los Angeles than in Chicago.

Trendy Flooring Choices

Other home improvements most likely to increase your home’s value include:

  • Wood deck addition
  • Attic bedroom conversion
  • Garage door replacement
  • Master suite enlargement
  • Sunroom or home office addition

 

Renovation Loan Information

img

Jamohl DeWald

One of my greatest joys as a real estate professional is handing over the keys of ownership to a first-time home buyer. As an experienced agent, I understand that preparation is important to avoid missteps with that first home purchase. I’m here to help with navigating the waters of those potential missteps.

Related posts

Mistakes That First Time House Flippers Make

When you binge-watch a little too much HGTV, it's easy to come to some crazy conclusions. Conclusions like, "House flipping looks easy! I should try it!"

Continue reading
Jamohl DeWald
by Jamohl DeWald

How To Dress Up Your House On A Budget

Dress up, personalize or update house. There are plenty of ways to personalize it without spending a lot of money. Check these 5 ideas.

Continue reading
Jamohl DeWald
by Jamohl DeWald

Remodeling Preparation And Dealing With The Hidden Surprises

Be ready for the remodel so you're not blindsided by things you might have never thought to prepare for when remodeling your home.

Continue reading
Jamohl DeWald
by Jamohl DeWald

One thought on “What Remodeling Projects Add The Most Value?”

  • The Best Home Improvements And The Return On Investment – JD PDX Real Estate

    November 10, 2018 at 8:10 pm

    […] What remodeling projects add the most value? […]

    Reply

Leave a Reply

Chat with me, I'm online!
1st Time Home Buyer Specialist