Three Projects that Will Increase your Home’s Value & Two that Won’t
If you’re planning a home improvement project, you should consider its effect on the value of your home. Some improvements add value, some do not. Now, if you are planning to stay in your home for the long term, designers encourage you to make your home the home you want to live in and love; assign less importance to the value an improvement may add. However, if you are making improvements with an eye to selling your home in the foreseeable future, some projects will add value and some may not be worth the effort.
Three improvements that will add to the value of your home:
A kitchen remodel will give you a good return on your investment (on average you’ll recoup about 70% of your investment*). This is especially true if you choose appealing, current styles and colors along with classic countertop and cabinet looks. A clean, high-end look that allows prospective buyers to imagine themselves cooking there is key.
A bathroom remodel is the best value as improvements go; you’ll recoup about 90% of your investment*. New fixtures, fresh paint, a new vanity top and fresh grout will make a big impact.
Adding a deck adds to the usable space for your home with a relatively small investment. Decks are, obviously, less expensive than a renovation allowing you to increase the value of your home even if you are on a tight budget.
Two improvements that will not add value to your home:
- Converted Garage
Converting the garage to living space may be a great solution for your family but don’t count on it to add value to your home. We live in New England, and most home buyers are looking for a garage.
- Poorly completed DIY projects
If you are not sure of your DIY competency, don’t do it. A poor job, a renovation that is not up to code or one done without the proper permitting will be noticed during an inspection. At best it will reduce your sale price, at worst it will require spending money to fix it before you can sell the home. You are better off investing the money to have the work done right in the first place.
If you are looking to make improvements to your home, Merrimack Stone and Cabinets can help you get started.
We offer a large selection of kitchen countertop surfaces including granite, marble, quartz and porcelain. We also have a selection of beautiful cabinets to choose from to create a beautiful new kitchen. We can also reduce the timeline to get your kitchen installed because when you work with us there are no handoffs; we install your cabinets and countertops, making the process well-orchestrated to minimize your waiting time.
If you are considering a bathroom upgrade, we offer an extensive selection of remnants for use as vanity tops. These stones are beautiful and affordable, allowing you to make a big impact in your bathroom.
At Merrimack Stone and Cabinets, we’re happy to help you find what you need for your renovation. You can chat with our in-house designer for fresh ideas and ask any of our knowledgeable team members about our stones, cabinets or about the process for getting your renovation completed.
We invite you to visit our showroom. We’d love to learn more about your project.
*Remodeling Magazine annual Cost vs. Value Report