Whether you are looking to sell your home or just want to give it a value-laden refresh, some remodeling options have a better return on investment than others. Maximize your budget by sticking with projects that increase the functionality and value of your home.
1. Kitchen Remodel
Remodeling the kitchen is one home improvement project that generally gets a good return on the investment. You might opt to tear out the existing kitchen and start over fresh. If you have a home in a higher-end price range, a complete remodel can be worth the investment, although you aren’t likely to recover the entire project cost. There are plenty of smaller changes you can make to spruce up a slightly outdated or less-than-functional kitchen. These budget-friendly options will add charm and warmth to the room without sacrificing your budget.
2. Water Access
Nothing says South Florida real estate like proximity to water and making that more accessible can increase your home’s value. If you live directly on a waterway, marine boat lifts and docks are an excellent investment. They offer recreation spaces, convenience, and an added layer of protection for watercraft.
3. Entryway Refresh
First impressions do matter and changing up your front door with a new one that adds interest and style can make a big difference in how your home is perceived. Consult with a designer or architect to find a style and color that complement your home’s design.
4. Efficiency Upgrades
Changing out older appliances, heating systems and fixtures for newer energy-efficient ones can add substantial value to your home. For example, a tankless water heater may have a slightly higher initial cost than a traditional one, but lower operational expenses will mean you recover your cost ad see savings relatively quickly.
While ROI shouldn’t dictate every remodeling project, your home should be viewed as an investment. From minor swaps to major renovations, projects to increase your home’s value can be found in every size and budget range.
