Better Home and Gardens just released the results of a national survey asking two distinct sets of homeowners what they want to change in their home for 2018. The value of all renovation projects this year actually fell, because the cost side of the analysis rose. A severe labor shortage, combined with extraordinary demand for building products, especially after multiple natural disasters, have caused remodeling prices to skyrocket. The simpler the project, and especially one utilizing less labor, the higher the returns.
Low-cost home improvements, known as weatherization , that make your home more energy efficient and lower your utility bills. Many homeowners are opting to renovate their home to accommodate their changing requirements or to fix it up before they sell with the hope that it will add to the market price of the property. While home improvement projects can really add to the appeal and practicality of a home, some will add more value onto the bottom line than others.
Rooms that don’t fit with the floor plan. Converting the back patio to a family room may be a perfect way to add more space to your home but, if your dining room window now looks into the family room, it probably won’t be well loved by buyers. Series Description: Home improvement projects include building a fence, cleaning vinyl siding and painting interior walls. Get ideas to add value to a home with this free video series on home maintenance.
Imagine the sense of achievement and pride you’ll have in your handiwork everytime you show off that beautifully tiled bathroom, stylish Master Chef kitchen, or quirky attic extension. Whole-house generator. Power failures are a reality for more homeowners. Stationary generators can usually power the entire property. A professionally installed unit can range from $7,000 to $15,000, according to Porch , a website connecting consumers with home service pros. The Generac 6241 , $3,500, excluding installation, is a top pick.
PeachtreeRemodeling magazine, in its “Cost Versus Value Report,” offers a region-by-region market analysis of specific projects and the paybacks of each in terms of selling your home. An example: Replacing old windows with vinyl models at a cost of $11,066 increased the resale value by $7,920. So, 71.8 percent of the expense is recouped. Older houses can often have a separate toilet and bathroom, which can put buyers off, so if this is the case in your home, you might consider installing a toilet inside the bathroom, if you have the space.