Wondering which remodeling projects will add the most value to your home? You’re not alone. Many homeowners are looking to increase their property value with home remodeling. However, there are so many types of remodeling projects to choose from, and it can be hard to decide.
In this blog post, we will outline the top remodeling projects that add significant value to a home, along with essential factors to consider to maximize your home remodeling investment.
How to get the most bang for your buck on your home remodel?
The most successful home remodel project is the one where you get a lot more bang for your buck.
The benefits of home remodeling are numerous. However, not all home remodeling projects are created equal. Some add aesthetic value, while others are more practical or functional in nature. Popular choices when it comes to remodeling a home include a kitchen makeover, or adding a bathroom, guest bedroom or home office. Whichever is your priority, if the goal is to increase the resale value of your home, you would gravitate toward projects that are considered moneymakers and avoid those that are a cash drain.
Every home is different and the projects you add to your home remodel list will depend on your unique lifestyle needs. For optimal value, it is recommended to remodel your home once every 15-20 years.
Top home improvement projects that boost value
Speaking from our professional expertise, these are five top remodeling projects that yield good returns on your investment and add the most value to your home in 2023:
1. Kitchen remodel
The kitchen is one of the most frequently used spaces in a home. Kitchen upgrades can increase your home value in numerous ways and also improve your lifestyle. A new kitchen does not necessarily translate to a significant overhaul. A few choice upgrades can improve function as well as aesthetics. New lighting, installing a kitchen island, changing the flooring and new trendy countertops are some of the common upgrades included in a kitchen remodel.
2. Creating functional spaces
Are there any unused spaces in your home? Turning these into functional spaces is a well-used method for boosting value in a home. An empty basement, attic or unused nook can be converted into spare bedrooms, or a home office or gym.
3. Bathroom remodel
Another room that a potential buyer looks at closely is the bathroom. Adding value to your home does not always mean a full bathroom remodel, but also minor updates can spruce up a tired-looking bathroom. If the bones of your bathroom and functional layout are sound, then replacing the tub or sink or updating to energy-friendly faucets, fixtures, showerhead and lighting can save you money on your utility bills as well as improve your ROI.
4. Exterior updates
When thinking about home improvements, it is normal to focus on areas within a home, but it is important not to exclude the exterior. Installing a new front door and windows, and repairing the roof, are upgrades that improve security and add value.
5. Deck installation
Make your outdoor spaces more inviting by installing a deck. A deck that is professionally built can add huge value to your home at little cost. Consider a deck with outdoor seating; you will have a welcoming area to spend time with family and friends.
Sitting down with experts from a home remodeling company to discuss how to remodel your home for more functional or aesthetic value is a great way to decide which remodeling projects would best suit you and your home.
Factors to consider when choosing remodeling projects
Here are some factors to consider when choosing remodeling project:
- Budget: Your budget defines how much money you’ll spend on the remodeling project, so be sure to choose projects that fit your budget.
- Your needs: Define what your priorities are. Do you need functional updates or want to refresh outdated areas? This decision will influence your choice.
- ROI: Consider ROI if you plan to sell soon; focus on projects with the highest Return on Investment.
- Remodeling trends: Research local remodeling trends to make informed decisions about your chosen remodeling project.
- Contractors: Contact several local contractors, request quotes and references, and then make your final decision. Rely on skilled professionals like general contractors in Phoenix, AZ, to keep your home remodel project on track. The process of prospecting and selecting general contractors for your projects might be challenging, so make sure to read our guide on how to choose the best contractor in Phoenix for your specific project.
Why choose AZ Neighbor for quality home remodeling projects
At AZ Neighbor, we have worked diligently to build a reputation as a home remodel company Phoenix Arizona, renowned for quality, integrity and reliability. We are a professional and friendly team committed to go the extra mile to exceed our customers’ expectations. Give us a call today to discuss your ideas for transforming your home.
