Five Remodeling Projects That Will Improve Your Home's Resale ...

Five Remodeling Projects That Will Improve Your Home?s Resale Value

Many homeowners like to dream big when it comes to remodeling projects. After all, what is a home if not your own personal playhouse? However, while you might really enjoy the tiki bar and hot tub you installed in the backyard, or still think that transforming your basement into a bowling alley was one of the best ideas you?ve ever had, extravagant or unnecessary renovations do little to improve your home?s resale value to prospective buyers. For homeowners who always keep one eye on the bottom line, these five projects offer the type of maximum return on remodeling dollars they can appreciate when it?s time to put the house on the market.

Flooring

Whether you decide to install new hardwood floors or just simply have your current floors refurbished, remodeling your home?s flooring can provide you with a 75% return on investment for each dollar spent. Hardwood floors are very popular right now in new home construction, and provide a smart alternative to worn or faded carpet. Additionally, if a room in your home seems rather outdated or feels small, installing new hardwood floors can help to brighten up that room, while also making it feel larger.

Kitchen

One of the most used rooms in any house, remodeling your home?s kitchen can provide up to an 80% return on investment depending on the improvements made. Since outdated appliances and out of style countertops will only detract from your home?s appeal to many prospective buyers, you can get a jump on improving your home?s marketability by choosing to replace these items. A newly remodeled kitchen will also help to distinguish your home from the rest of the market, while also increasing your home?s value.

Bathrooms

Bathroom renovations can range from the mild (new fixtures, tile, and paint) to the extreme (transforming a half bathroom into a full). When deciding on what type of bathroom renovations to make, consider your home as a whole. If your house already possess two full bathrooms, transforming a half bath into a full might not be the best use of your remodeling dollars. Also keep in mind that while you may prefer bathing in a shower stall or claw foot bathtub, not all prospective buyers will share your opinion, and you may want to consider this prior to completely tailoring your bathroom to your own preferences.

Closets

One of the biggest complaints many homeowners hear about their property when trying to sell is the lack of available closet space. Remodeling or adding space to bedroom and hall closets can help keep your home out of the small closet club, while keeping prospective buyers with a serious shoe collection still interested.

Green Energy Upgrades

No single remodeling project will provide you the type of return on investment than making your home a little more green. According to the green energy website GreenandSave.com,?programmable thermostats can provide a 150% return on investment; high pressure, low flow shower heads can provide a 111% ROI; and hot water heater blankets can provide 120% ROI. Not only can green energy upgrades make your home more desirable to prospective buyers, they can also save you money on utilities as you attempt to sell your home.

About the Author

Timothy Lemke writes about home improvement for machining Portland shop API/AMS, whose custom work can provide unique style to any home.

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