Home improvement projects do not always payoff as an investment, but then we seldom undertake a project for purely monetary reasons. More often than not we want to remodel a kitchen or bathroom, convert a garage or do some other project simply to make living a little "better". The increased value of our home is of secondary consideration. Nevertheless, it is a consideration and is a very effective way of increasing the value of a home.
The goal of most home improvement projects is generally to add more space or light to an existing room or to improve and modernize the house or apartment utilities such as kitchen, bathroom, garage, or heating. Home improvement projects such as these not only preserve or even enhance the value of a property but often add a higher degree of safety.
Return On Investment - A Brief Guide
The following is presented as a guide only to assist you in deciding which project to undertake first if money is a consideration and multiple projects are being planned.
- Kitchen remodel (minor) in Connecticut = 125%
- Kitchen remodel (major) in Kentucky = 92%
- Bathroom remodel in Oregon = 90%
- Bathroom remodel in Missouri = 96%
- Master bedroom in Florida is 86%
- Basement remodel in California = 98%
- Exterior paint in Pennsylvania = 90%
Kitchens - A Place To Start
Kitchen remodeling may include such items as new or re-faced cabinets, counter tops, flooring and appliances. Redesigning your kitchen to enhance work flow in meal preparation will make cooking a much more pleasant experience and add to the resale appeal of your home. Obviously, kitchen remodeling can be a major renovation project, however there are many do it yourself home improvements that can be done in the kitchen. Vinyl laminate flooring is ideal for a small budget kitchen home improvement job.
Bathroom Are Going Upscale
If you are trying to increase the value of your home by improving just one room in the house, you might well want to consider5B4 the bathroom. This is definitely a place to take a hint from the current crop of new homes being built. Luxurious bathrooms are in vogue. Today, a major bathroom upgrade could and probably should be one of the most luxurious renovations you do in the entire home. Particular attention needs to be paid to the sink and counter top. Your eyesight naturally goes there when entering a bathroom. The large home improvement store such as Lowes' and Home Depot can supply you with just about anything that you can dream of today.
Basements - A Caution
Before undertaking a basement remodel be sure you have moisture under control. Damp or literally wet basements are a problem in many areas. This can usually be easily corrected by a professional but be sure to get several bids before doing this. Basement moisture control is one area noted for scams and/or shoddy, unnecessary work.
General
Home improvement is generally done with the intention of adding some space to an existing room or to add some light to the room. Keep in mind that a building permit is usually required when performing structural work or when a home's basic living area is changed.
Planning for home improvement is like planning for a war; no matter what your estimation as to cost and time is, it will probably take longer and cost more than you estimated. Unlike war, however, home improvement is usually worth it. Home imp5B0rovement is a really a good investment, producing both a better place in which to live and an increase in the long term value of your house.
Summary
Home improvement includes the repairing, remodeling, altering, converting, modernizing or adding to residential property. It is not an exact science. Any home improvement project needs to be carefully planned with professionals consulted when needed. If adding value is your prime consideration, plan first on upgrading the kitchen and bathroom which offer the best return for you home improvement dollar.
Gerry Marsh is a successful author and publishes several websites in the areas of real estate and insurance. For more information on home improvement see his Home Improvement and Kitchen Remodeling sites.
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