When people think of remodeling, they usually think of ways to simply make the home look better. If you’re thinking of remodeling your Chicago home, you may want to decide beyond a mere facelift. Renovation for value and energy efficiency can offer far better returns on your investment, as noted by Erika Rawes in her article for Wall St. Cheat Sheet:
“Some renovations, of course, add more value to a home than others. Everyone has different tastes, but some features such as higher quality materials generally offer a higher return. The key is finding a project that offers the most future benefits, while also being a feature you can enjoy. Some of the more common remodels that do not fit the bill are home office renovations, with an average cost of $28,000. According to Bankrate, home offices only bring in around a 49 percent return when you sell your home. The same applies for sunroom additions. Priced at over $73,000, sunrooms only recuperate around 52 percent of that back when you sell.”
If you’re thinking of doing some remodeling for this reason, it is best to consult first with remodeling contractors in Chicago, such as DAL Builders. These established contractors have the experience to suggest ideas and options to provide what you want for your home, and give you an estimate on renovation costs. Here are some general improvements that can raise the value of your home.
Replacing your front door or your garage door may not seem like a big change, but replacing your old door with a top-notch material can significantly increase your home’s value. It improves curb appeal, and an attractive façade will make people think that the inside would be as inviting.
Steel doors, in particular, can yield a higher return on your renovation because they are more durable and secure. Home safety against intruders is a valuable prospect for potential homebuyers. Additionally, they are energy-efficient, positively minimizing heating and cooling costs.
Spruce Up Your Kitchen
Kitchen remodeling is another popular remodeling venture because it effectively increases a home’s value. A full kitchen renovation usually gives back 80 percent of its value when a house goes up for sale. However, this is fully dependent on everything looking great, which makes it important for you to work with trustworthy and experienced contractors.
Replacing appliances with new ones should be top priority as prospective homebuyers like to see fixtures that remain to be in the best shape possible. Top quality brands known for their efficiency are always a top draw. Granite countertops and stainless steel shelves easily charm buyers, especially if they make a perfect match with the rest of the interiors.
Increase Energy Efficiency
Energy-efficient homes can save you a lot on utility bills. Installing high-quality windows and doors, and replacing old ones can be profitable in the long run at resale. Going green is almost a surefire way to attract potential buyers.
(Sources: 5 of the Most Profitable Home Renovations You Could Make, Wall St. Cheat Sheet, May 27, 2014)