There are plenty of reasons to remodel your home, but whether you want to modernize your kitchen or add more usable living space, one of the most important things to consider is how your project will affect the value of your home.
No one wants to throw money away at something that will not pay off, and Ideally, you want to undertake a project that not only makes your life more comfortable and convenient but also provides a significant return on investment or ROI.
So, if you are thinking of starting a new home remodeling project and want to maximize ROI, here are the types of projects that have the potential to add the most value to your home.
Home Additions
While adding an addition to your home may not be the first thing that comes to mind when you think of remodeling, there is no doubt that these projects have the highest potential payoff. However, additions affect the value of a home much differently than most other remodeling projects, so it is essential to understand precisely how this works.
The exact ROI a home addition initially has can vary dramatically depending on whether you are adding bedrooms, bathrooms, or any other type of living space. Still, in general, these projects usually only add about 50-60% of the initial investment back into the value of the home upon completion. This may not sound great, but it does not stop there.
The square footage and number of bedrooms and bathrooms a home has are some of the most critical determining factors to a home’s value, and as the value of your home increases over time, the value of all that extra space added by the addition will increase with it. This means that the longer you wait to eventually sell your home, the higher the ROI on the addition will become.
Bathroom Remodels
If you are looking for a remodeling project that pays off right away, bathroom remodels are some of the best. Luxurious, modern bathrooms are some of the most in-demand features of any home, and with ROI that can range anywhere from 90% to over 100%, they can provide an instant boost of value to your home.
The best part about these is that you do not need to tear up your whole bathroom and start from scratch. Complete bathroom remodels do pay off in the end, however, even minor upgrades like giving it a new paint job or tiles, installing a rainfall shower head, or replacing your old vanity with a more stylish one can go a long way to increasing the value of your home.
Kitchen Remodels
The kitchen is often said to be the heart of the home and is something that potential home buyers pay particular attention to. Because of this, there is no doubt that a kitchen can make or break a home, making kitchen remodeling projects another great choice for homeowners looking for a remodeling project that will pay off.
From minor upgrades like installing more modern appliances, staining cabinets, and adding new countertops to major redesigns that open up the room and add everything from kitchen islands, dining nocks, and custom cabinetry, the are plenty of things you can do. But, no matter what you decide on, you can expect your kitchen remodel to provide anywhere from a 90% to 100% ROI.
Attic Bedroom Conversions
Bedrooms are a big selling point for any home, and with many homes having a ton of unused space in their attics, converting your attic into another bedroom is a no-brainer that instantly pays off. And that is not to mention that the extra bedroom can provide an excellent place for guests to stay or the extra space your family needs to avoid outgrowing your home.
No matter what your reasons are for converting your attic into a bedroom, you can expect that these types of projects will add somewhere around 90-95% of your initial investment to the value of your home.
Decks, Patios, and Porches
Outdoor living spaces are another highly demanded feature for potential home buyers all over the country, and if your backyard is going unused, you are wasting a ton of potential. Building a new deck, patio, or porch can add a ton of usable outdoor space that you and future homebuyers can enjoy, and if done right, they can be a huge selling point that drastically increases the value of your home. In general, the ROI on these types of projects tends to be around 90%.
Basement Finishing
There is no better way to drastically increase the amount of living space in your home than by finishing your unfinished basement. Unfinished basements have a ton of potential and can be transformed into anything from more bedrooms and bathrooms to new living rooms, games, and more. Depending on what you decide to do with your basement, you can expect a newly finished basement to have an ROI of around 90%.
Windle Design & Construction: The Leading Remodeling and Home Additions Contractors in Bryn Mawr, PA
Are you looking for a company you can trust with your next remodeling project? Look no further than Windle Design & Construction. As the leading full-service construction company in southeastern PA, we are proud to offer comprehensive residential construction services that make it easy for you to transform your existing home into your dream home.
We know that homeowners want to ensure that their remodeling projects pay off, and we are dedicated to providing top-notch design services and high-quality work that ensures your next project is a success.
With so many successfully completed projects and countless happy customers all over southeastern PA, if you are looking for a company you can trust to bring your remodeling project to life, there is no better choice than Windle Design & Construction.
Contact Windle Design & Construction Today
Are you ready to get your next home remodeling project started? Give us a call. Our friendly team is always here and happy to discuss the ideas you have for your next project. We even offer free estimates, making it easier for you to nail down your budget. So, do not push off your next remodeling project any longer. Call Windle Design & Construction and schedule your free consultation today!
