Wednesday, April 23, 2014
Homeowners have many remodeling project options that can increase their home's resale value and add plenty of enjoyment as well. Today's buyers want a home that is sustainable and energy efficient so they can have a home that will last a lifetime. As a result of this, it is important to know what improvements will best increase home value without going overboard. Homeowners planning to remodel should concentrate their efforts on projects that are energy efficient and add character and comfort to their home. Luckily the economy in our area has shown significant improvements and it is a good time to start new projects.
The first thing people notice about a house is its curb appeal, and upgrading a home's siding can result in a significant increase in both curb appeal and overall home value. According to the 2014 Cost vs. Value Report, a midrange siding replacement increased home value with a 103 percent average return on investment. Since prospective buyers are looking for sustainability when house hunting, it is important to pick siding that is eco-friendly. A good siding option is Hardie Plank Cement Siding, which is made of cement, an abundant natural resource, and impervious to our local harsh weather.
The kitchen is the place where families spend the majority of their time together, making it one of the most essential selling points for prospective buyers. According to the 2014 report, homeowners can expect a 96.5 percent return on your investment on a kitchen remodel. A complete kitchen overhaul might not be necessary, but it is important to consider energy-efficient appliances that use 10-50 percent less energy and water than ordinary appliances. New kitchen appliances can add appeal and functionality to even the smallest of kitchens and are a great investment for anyone looking to increase the value of their home.
Adding a deck increases the value of any home and increases the area of the existing space by opening up new places to entertain and relax with family. Decks and outdoor spaces also make the house more appealing to prospective buyers when the homeowner decides to sell; owners can expect a 112 percent return on their investment just by adding a deck. With more and more people choosing to stay home for vacations, outdoor living spaces have become more desirable, and this is a great option whether the owner is looking to sell or just add a new space for their family to relax this season.
New Paint Job
A new paint job is one of the most inexpensive and time-effective ways to give any home a crisper and newer look. Fresh paint, in modern colors, can go a long way towards updating the look and feel of any room. In the Lowcountry, we experience more painting due to our environment. Consider painting the wood trim to prevent wood rot.