This week I repeat information on remodeling…If you like to read about home improvement ideas etc., you will like a National Association of Realtors website called “House logic”. (Site address is listed at the end of article.)
I especially liked Realtor Magazine article I read about “Future Proofing” your kitchen. I personally like wood cabinets, but they say stick with white, shaker style cabinets. I still like granite and they recommend Carrarra Marble countertops ( had to “Google” that to see it!) Interesting info. Pictures and the full article:
Planning to improve your home? While some remodeling projects are necessary to update systems or repair damage, others are discretionary—and when planning those discretionary projects, it’s helpful to know if they will add to the value of your home when you sell it.
Every year, Remodeling Magazine compares the average cost of 30 popular remodeling projects against the value they retain at resale. Below are the five upscale remodeling projects that yield the best return on investment (ROI)—and some may surprise you.
· Garage door replacement. At an average cost of $3,140, this project will add $2,830 to the resale value, for an ROI of 90.1%.
· Vinyl window replacement. With an average cost of $14,725, this will add $10,794 to the resale value, for an ROI of 73.3%.
· Wood window replacement. At an average cost of $18,087, this project will add $13,050 to resale value, for an ROI of 72.1%.
· Adding a “grand entrance,” consisting of a new fiberglass door with dual sidelights, has an average cost of $7,971 but adds $5,545 to the resale value, for an ROI of 69.6%.
· A major kitchen remodel that averages $119,909 will add $73,707 to resale value, for an ROI of 61.5%.
Some projects popular with luxury-home owners—bathroom remodels or master suite additions—surprisingly don’t add as much value, with ROIs of 57.5% and 57.2%, respectively.
1. Curb Appeal…especially an attractive front door. Fresh paint, a new door and/or new hardware. Landscape that is in good order: mulch, trimmed bushes, trimmed trees.
2. New Paint…”A new coat of paint is like a facelift! Wood should be repainted every three-seven years, stucco 5-6 years.”
3. “Anything” eco-wise: Replacing appliances with low-water, low energy options. Tankless hot water heaters, front-loading washing machines, new insulation in the attic. “ALL SMART MONEY OPTIONS.”
4. New Flooring especially hardwood flooring.
5. Up-to-date Kitchen: without a major remodel…just changing cabinet doors, countertops, and flooring can help, as well as energy saving appliances.
6. Bathrooms: “Kitchens and bathrooms are what sell a house”—an old realty saying. Swap out sinks, hardware and/or regrout.
7. Upgrade the outdoor space. Create an outdoor living space.