Improving your home is an investment, and not knowing where to spend your money for the best value is a common issue for many homeowners. Its important to consider your needs in the present and plan for the future, as in, how will this improvement pay off in the end?
Knowing how to invest your money into your home is a valuable lessonliterally. Here are some high-value areas of your home in which to consider making improvements:
Outdoor Living After a Wisconsin winter, youll surely want to spend as much time outdoors as you can. If you enjoy being outside but you dont feel like you have a place to do so, consider upgrading your outdoor space with a deck or sunroom addition. Both add versatility to your living space and allow you to enjoy your yard in a defined entertaining space. In Milwaukee alone, homeowners found that a deck addition recouped 73% of its cost, per Remodeling Magazines 2017 Cost vs. Value report. If youre satisfied with your backyard but would like to add additional living space to your home, The National Association of Realtors found that adding a sunroom recouped anywhere from 70-80% of its investment. Not only are you adding space for your family with a deck or sunroom, but youre making an investment that youll see down the road if you sell your home. These are add-on items that not every home has, and their presence is attractive to buyers who will remember your home for its amenities.
Window Replacement If youre noticing a higher utility bill or your windows are looking outdated or damaged, investing in new windows pays dividends in the future. Replacing your windows not only has immediate value in reducing your energy costs and creating a more efficient home overall, but it increases the resale value of your home if you decide to sell. According to Remodeling Magazines 2017 Cost vs. Value report, replacing your wood windows in the Madison area has a 90% return on investment when selling your home. Not only are you keeping your home structurally sound by protecting it from the elements, youre creating an attractive feature to homebuyers who arent going to want to deal with replacing windows soon after buying a house. This is a summer improvement that isnt as high maintenance as changing your floorplan, but adds tremendous value to your home.
Bathroom Remodels Bathrooms are generally one of the most expensive types of home improvement projects. Theyre also areas where potential buyers can see if youve invested your money or not. If you have an older bathroom, its not only inconvenient for you to live with outdated features, but buyers also look at bathrooms as focal points of their potential new home and place a lot of value in its aesthetic. If you do want to make improvements, remodeling a bathroom in the Upper Midwest region brings returns of upwards of 60% on your investment, per the National Association of Realtors. Remodeling a bathroom is a sure-fire way to see your investment pay off in the future.
Investing for You and Your Future There are plenty of options to consider if youre looking to make improvements to your home during the summer season. Having the facts for a home remodeling project is important, but be sure to remember that its not just the future value of the project that matters, but the value youll get as a homeowner when youre enjoying your new space. If youre considering making an investment into your home, the experts at Tundraland can help turn your design ideas into a reality. They offer free, no-obligation consultations to plan your remodeling project with the guidance of knowledgeable professionals. Theyll help you create a space that youll enjoy with your family today, and the housing market will appreciate in the future.
Read more:
Invest in Your Home with a Summer Remodel - Fox11online.com
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