More and more homeowners are choosing to stay in their homes and remodel. Homeowners who stay in their homes will eventually sell their home so it is important to make sure to choose a remodeling project that will get a good return on investment. Homeowners will also want to make sure to choose the right project for their living situation. The following are some helpful hints and a guide to the values of home remodeling projects.
First, you will want to ask yourself a few questions before you begin:
What is your budget?
What is the reason behind the project? Are you looking for more space? Updates?
Are you trying to improve your quality of life?
Is the goal to create more value in your home?
If you are looking to get the most resale value from your remodeling project, Remodeling Magazine has published a survey on how much some projects can increase the value of your home.
Here are just a few popular projects and their values:
Garage Addition 63.7% increase
Home Office Remodel 43.6% increase
Roofing Replacement 62.9% increase
Window Replacement (vinyl) 71.2% increase
For a full list of projects and how much you can expect to recoup you can read the Remodeling Cost Value Report by Remodeling Magazine.