What are the Best Renovations to Add Value to my Home.
At Powell Builders we do more than build custom homes. We love helping clients with additions and renovations to their existing home! Remodels should make your living space more functional, more visually appealing and increase the value of your home. In our opinion, these are the top renovations projects that will add the most resale value to your home:
Don’t stop reading! When people see the words “kitchen renovation’ they get scared, stop reading and block the idea of a huge renovation out of their mind. We get it, living through a major kitchen renovation can be a nightmare. We have good news; you can do minor renovations to your kitchen to make it more appealing and add value to your home. Minor kitchen remodels result in a 98.5% return at resale. The average cost of a kitchen remodel without changing the floor plan ranges from $14,000-$15,000. This kind of remodel is perfect for homes that are dated but can be revived with a small updates. This type of renovation includes re-facing cabinets and drawers, switching in newer appliances, sinks and fixtures, laminate countertops and resilient flooring. If your home is worth more than $500,000 you should consider spending a little more money and go with stone or trendy glass counter tops to appeal to higher end buyers. Brighten up the space with new lighting and a fresh coat of paint! You can also add more decorative details without busting your budget by changing the drapes and window moldings. Making these minor updates will make your kitchen more enjoyable for your family and more appealing for potential buyers.
We have all been to that house that has been one house that is stuck in the 70’s. Don’t be that guy who is holding on to his pink bathtub hoping for it to come back in style. Replace that old fiberglass tub, tile, floor, toilet, sink, vanity and fixtures. This renovation will cost you about $10,500, but it will yield a higher return rate. If your existing tub isn’t pink, and is in good condition, save some money by cleaning it up and re-caulk it yourself. Use a softening agent to get rid of the old caulk, apply new caulk and fill the bathtub with water after you’re done. Filling the tub with water will stretch the caulk while it dries. Make your bathroom feel bigger by replacing dated wall coverings and adding a fresh coat of light colored paint.
Gone are the days of wall to wall carpeting. Carpet collects pet hair, dust and dander and are so difficult to keep clean. Buyers want to see easy to clean, hard wood flooring, not your dingy old carpeting. On average, quality hard wood flooring ranges from about $2-$8 per square foot. It may be tempting to save some money and install new flooring yourself, but keep in mind that one little mistake could ruin your floor. You can still save money by hiring a pro for the installation, but do the sanding and sealing yourself.
Remodeling doesn’t have to be a huge project and can add value to your home if it is done correctly. Recruit your family to help, teach your kids a new skill and have fun transforming your house into a home.