Home Remodel ROI Guide

Home Remodeling Projects that Offer the Best Return on Investment

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Home Remodel ROI Guide

If you’ve been thinking about remodeling part of your home and have the means set aside to do so, but aren’t quite sure what is the best return on your investment, don’t worry, we have you covered. Renovating your home can be a great way to add value if you’re looking to sell, can help you cut costs by integrating energy saving appliances and technology, and overall can make your home a more pleasant place for you and your family. It’s important to remember that you don’t have to go overboard with the renovations to upgrade your home, something as simple as switching out older appliances or painting the walls a different shade and making changes to the smaller details in your home can transform the space. Strategic updates in key areas of your home can drastically affect the overall value of your home so, if it comes time to sell, you will be in a much better position. After all, renovations can be seen as an investment in the list price of your home and we’re here to help you make the best possible decisions with ROI in mind.

Kitchen Renovation

Remodel ROI: Kitchens

Renovating your kitchen can elevate your entire home with just a few changes. Upgrading to newer appliances can greatly reduce energy costs and many new appliances have technology for water saving as well. Having a more presentable kitchen with up to date appliances not only helps boost the value of your home but can create a more inviting environment for your family. For most families, the kitchen is a point of convergence, it’s where at the beginning and end of each day everyone comes together. Something as simple as repainting your kitchen a different color, or replacing the hardware on the cabinetry can give your kitchen a brand new feel.

Laundry Room

Home Remodel ROI: Laundry Room

Compared to other appliances in your household, your washer and dryer can be some of the most energy consuming, and consequently the most costly, as well. Upgrading your washer and dryer can not only save you money but also help reduce your water usage and lower your household carbon footprint. Upgrading your laundry units can also be better for your clothing. As technology improves, our appliances are better at doing their jobs and are becoming better at preserving the quality of our clothes. Other ideas for upgrading your laundry room include adding a built-in ironing board to save space and installing a built-in laundry basket system to make your washing much more efficient and organized.

Bathroom

Home Remodel ROI: Bathroom

For many, the bathroom is like a sanctuary, and it should be treated as such. Bathroom renovations can be tricky with the potential plumbing work that will need to be done to move pipes around. In fact, the thought of the amount of work that goes into a bathroom reconfiguration is enough to scare off remodelers.  But, if you’re working with a trusted professional, you don’t have to worry about a thing.

Just like the kitchen and laundry room, adding newer upgraded appliances, such as your toilet, faucet and shower head, can greatly help save water and lower your water bill. These efficient features also mean savings for the future homeowners. Not only this, but upgraded accessories can really tie the rest of your bathroom decor together. Simple touches such as changes to the size or shape of your mirror, painting the cabinets or a more time consuming project like retiling the shower or bathtub can completely change the look of your bathroom. When looking for a house, many people want more modern appliances and up to date decor, so renovating your bathroom can be a great way to make your home more appealing to potential buyers, boosting the value of your home.

Backyard

Home Remodel ROI: Backyard

Having a well groomed yard is not only great for the value of your home but also the well being of everyone who lives there. Having a place outdoors where you can sit and relax while having a meal or reading a book is a very desirable thing to have in a home. Although on the more expensive end, installing a pool can add a lot of value to your home and can elevate your entire family’s enjoyment of your yard. The addition of tasteful outdoor patio furniture, shrubbery and fencing can all be ways to increase the value of your home while also making it an even more pleasant place to live.

Features like this add a luxurious touch to your home that will entice potential buyers. After all, who doesn’t want to feel like they’re on vacation in their own backyard? We’ve found that, in a place as sunny as San Diego, a backyard ready for entertaining is often at the top of the list for house hunters and can make or break the deal. 

Exterior

Home Remodel ROI: Exterior

When buying a home, the first thing you notice is the exterior. Curb appeal is what the home offers in terms of what we can see from the outside. In so many movies and television shows, we see images of suburban neighborhoods with white picket fences and bright green bushes with beautiful florals all around, and maybe even a fun swing set thrown in there. If you are looking to sell your home, adding greenery and flowers to your front yard can draw buyers in and invite them to come inside and explore the rest of your home. If the inside of your house is immaculate and has the newest appliances but has poor curb appeal, you will likely have a difficult time selling it. Even if you aren’t looking to sell your home, the exterior still has an impact on how you and others feel about your home when you look at it from the outside. Repainting your home, front door or fence can make it look more presentable. Even pressure washing your driveway or adding tasteful lighting to walkways can make for a functional and cosmetically enhancing change to your yard.

Remodeling your home can be intimidating, especially if you’ve never done it before, but it doesn’t need to be a huge project that takes up months of your time and leaves your bank account feeling high and dry. Making changes to your appliances and choosing to upgrade them to the newest model can save you money on your bills every month and eventually pay themselves off. Not only this, but if you are deciding to sell your home, having more up to date appliances can make your house to desirable to anyone looking to buy. As mentioned earlier, it can also make a world of a difference to change any out of date decor and even something as simple as painting your walls a different color can completely transform the space. When deciding to make changes to your home, remember that your personal satisfaction of your home outweighs any monetary value that it could be worth. If you have any questions don’t hesitate to contact us