Whether you’re an aspiring home-flipper, or you want to build sweat equity, it’s always a good plan to play smart when you renovate at home.
1. Posh Garage Doors
The Cost vs. Value report shows that a new and high-end garage door replacement will recoup over 97% of an average $3.6k investment. If our eyes are the window to our souls, garage doors are the window to our homes. After all, a home is priceless, but a house is worth what the market dictates.
2. Decked Out
Getting a wood deck addition costs an average of just over $13,300 based on the Cost vs. Value 2019 report. Besides the aesthetic appeal and great entertainment value, a wooden deck addition usually recoups over 75% of its value on resale.
3. Kitchen Cozy
Napoleon said that an army marches on its stomach. Your home’s kitchen is undoubtedly the center of family gatherings and special occasions. Your kitchen is also where you go when you get tummy rumbles! Cost vs. value weighs in again: an average midrange kitchen renovation will set you back about $22,500 and you’ll see over 80% of that investment come back to you at sale time! Plus, a remodel is the perfect time to get the most efficient ENERGY STAR rated home appliances. Getting a nice-looking dishwasher that saves money on every use sounds like a win-win!
4. The Porcelain Throne
We don’t know where the fathers of philosophy did all their greatest work – but we like to think that maybe if Plato were around today, he would have dreamt up some of his masterpieces on the the think tank. It may sound funny, but the bathroom is the one place where everyone can feel like royalty, sitting atop a porcelain throne. If you are looking for royal returns on your renovation, consider a mid range bathroom remodel. Cost vs. Value estimates a cost of just under $20,500 and a return of over 67%. If you ever seek refuge from a crazy life in the restroom, you’ll have a hard time finding a better home renovation opportunity than your own sanctuary. Check out Inspired Home Improvement to see how affordable home renovation can be for you.
5. Honorable Mention: Solar Panels
The home sales pros at Zillow calculated that homes with solar panels sell for over 4% more across the United States. If you’re thinking about installing solar panels, look no further than Easy Solar Prices to find the best rates for installation. Going solar doesn’t just make your house more attractive to potential home-buyers, it also pays dividends every month with lower electric bills. Plus, it’s not too late to grab ahold of solar tax incentives as you go green!