Save More Money with These Home Enhancement Projects
If you are planning to remodel your home or build a new addition, you must of curse consider the return on your investment. In the housing market nowadays, the value of your home can be raised by the appropriate home improvements. Despite of the flop of housing prices in the last years, the return of investment for home improvements has continued to be fairly steady. Hence, it is a great idea to build an addition to your home or remodel it rather than trading up to a new one. Although getting back your financial investment is not your primary reason for your home remodeling project, you should also consider this when deciding which project is best for you.
In most cases, home improvements that add appeal to the look of the house have higher returns when sold.
Adding or Replacing the Siding
Besides improving the look of your home and reducing maintenance and repair, the right siding can also offer additional insulation, that lessens the cost for heating and cooling. Among the various kinds of sidings, adding the best fiber cement siding reclaims most value when reselling your house, with a return on investment of 86.7%. Fiber cement siding have various surfaces and finishes and it is also resistant to termite and fireproof.
Following the fiber cement siding is the mid-range vinyl siding with a return of investment at 80.7%, and the third is high-end foam-backed vinyl. Vinyl is a popular type of home siding that offers a wide variety of finishes and colors, great for customizing the look of your home. The foam-backed vinyl provides a good insulating protection, increasing your savings.
Replacing the Windows
The first rate vinyl windows mostly tops the traditional wood replacement, but all of these projects offer a return of investment of between 76% and 79%. You can save a lot of money for heating and cooling your home if you replace your windows, doing home remodeling project is just a financially wise decision even if you do not intent on selling your home yet. Additionally, you can save hundreds of dollars on the expenses of your project if you look into the Federal energy tax credits when you buy a high-efficiency replacement windows.
You can recoup 81.8% of the first cost when you install a deck, and apart from that you can enjoy in your yard. Maintenance-free decks with a pressure-treated wood made from Southern yellow pine, can last longer.
Kitchen and Bathrooms Improvements
Either it is a minor or major improvements to your kitchen, it is still a good investment with usually an additional between 76% and 80% to the value of your home. Refacing of kitchen cabinet is gradually becoming popular and can add more value to your home than complicated changes.