Many home improvement projects won’t affect your home’s value, especially in a down market. In fact, some of these even detract from the asking price. Knowing which projects can add significant value to your home allows you to make the most of your investment. Southern Home Remodeling, the top home remodeling contractor, shares our top four.
Basement Remodel. A successfully finished basement can definitely impress potential buyers. According to Remodeling magazine’s “2017 Cost Vs. Value Report”, a basement remodel has a 73.4% return on investment, making it an excellent project to invest in. If you have no plans of selling yet, your family will benefit from the increased living space that the basement provides. You can turn this into a cozy family recreation room, a practical laundry room, or a second living room.
Bathroom Renovation. With a recoup of 66.7% and years of practical use, bathroom remodeling is one of the most cost-effective projects. When planning for your remodel, be sure to focus on aesthetic appeal and efficiency. This way, you can maximize your investment. Additionally, working with a professional like Southern Home Remodeling ensures that you receive the best possible results.
Wood Deck Addition. If you want to expand your living space but don’t have the budget for a remodel, you can invest in a deck addition. While a composite deck also pays off, a wood deck has a higher recoup at 75.5%. A deck not only boosts your home’s value but also enhances its beauty. It also provides the perfect space for barbecues, family gatherings, and romantic dinners.
Minor Kitchen Remodel. As defined by Remodeling magazine, a minor remodel consists of cabinet replacements, new hardware, and energy-efficient upgrades. Your kitchen is a good place invest in because it’s usually considered the heart of the home. It also has a great return on investment of 73.9% and is possibly the most fun project on this list. After all, you get to choose different materials, colors, and textures to create a space that reflects your personality and lifestyle. Just be sure to work with an expert in kitchen remodeling to help guide you through the process.
Looking for an experienced remodeling contractor? Look no further than Southern Home Remodeling. We have been helping homeowners achieve their dream homes for over 35 years. We serve communities in Birmingham and the surrounding AL areas. Call us today at (205) 434-0883 to learn more about our services or to schedule a free consultation.