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Home Remodeling and Resale Value
When done properly, home remodeling projects will increase your home's value. However, if a project is done incorrectly or looks unprofessional, it can cause headaches, frustrations, and a loss of equity and time.
Using Contractors vs. DIY Remodeling
Before you begin your home remodeling project, calculate the estimated time and financial costs. This should include the cost of materials, tools, and required local permit fees. A list of specific building codes is available with your local government; this will help you find out just how much those permit fees will actually be. If you need your project completed quickly and professionally, you may want to consider hiring licensed remodeling contractors. Contractors are often a good choice for larger projects since they know mandatory codes and permits, save time, and can keep within your planned budget. Keep in mind it is always suggested to go with reputable contractors and to get written estimates before agreeing to work with a contractor.
Projects that can boost resale value
The National Association of Realtors reports that the curb appeal is the most important factor of home remodeling. Adding vinyl siding and vinyl windows can be an inexpensive way to give your house a little facelift. The Cost versus Value Report by Remodeling Magazine reports that the average payback of vinyl siding recoups 84% of the cost while vinyl windows have 79% return on investment. Vinyl windows are good marketing to buyers because they tend to be energy efficient, thereby reducing utility bills. Vinyl siding replacement is a larger project and should be completed by remodeling contractors in order to save time.
Kitchen remodeling updates are also among the most visible home remodeling projects for increasing home value. Major kitchen remodeling can yield an 83% return on investment, according to the same report. Installing kitchen cabinets is a precise process that can be a DIY project or you can choose to utilize licensed remodeling contractors. Installing kitchen flooring is another way that you can spruce up your kitchen while adding value to your home at the same time.
Related Articles:
Home Improvement Projects Can Increase The Value Of Your Home
Five Small Home Improvement Projects That Pay Off Big
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