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11 Remodels to Increase Your Home Value

National Restoration North Carolina Remodeling

A professional remodel is the perfect way to add aesthetic appeal, comfort, luxury, functionality, and increased value to your home. Considering updates but not sure where to start? We know it’s important that the time and money you spend on your remodeling projects pay off. The following projects offer some of the best return on investment.

Give Your Home’s Exterior a Facelift

It’s important to ramp up your curb appeal, and every little bit helps! Your home’s exterior is what others see, and those first impressions matter! You can give your home a welcome update with minor tweaks. 

Roofing

A roof usually needs to be replaced every 20-25 years, depending on storms, weather, age, and material. According to Remodeling Magazine’s 2021 Cost vs. Value Report, a new roof increases home resale value by a national average of nearly $17,000! It’s important to get your roof routinely inspected for wear and tear. 

Siding

Upgrading your siding can really transform your home’s exterior aesthetic and strengthen its structure by providing protection against weather, elements and pests. Fiber-cement siding is long-lasting, low maintenance and has a good exterior for insulation. Homeowners can recover as much as 69% of the upfront cost. Vinyl siding helps increase a home’s value by adding a fresh appearance, durability, low maintenance and energy efficiency and can increase a home’s value by 68% of the project’s costs. 

Fresh Coat of Paint

And don’t forget, a fresh coat of exterior paint can also provide a refreshing makeover! And you get to decide how much of a transformation you’d like with color and material. 

Stone Veneer

Other options include accents such as stone veneer which gives you a great bang for your buck, with a whopping 92%  return on investment. 

Front Door  

Does your front door look outdated? Painting your front door is a simple, easy and inexpensive way to change the look of your whole house and increase curb appeal. Think about giving it a fun punch of color. Another easy way to add style and flair to your home is by updating your mailbox and house numbers. With a clean and modern image, the first impression will be a good one. 

Garage Door

A stylish new garage door is a minimal investment that offers maximum return. It’s one of the first things people notice. A new garage door offers an ROI of 93%. 

Refresh Your Kitchen

Kitchen upgrades, whether major or minor, are a great way to increase the value of your home. It’s one of the most popular rooms in the house where you and your loved ones spend the most time. According to Remodeling Magazine, you can expect to recoup anywhere from 53% to 72% on your kitchen remodel depending on the type of renovation you do, the materials used and where you live. Repainting, refacing, replacing cabinets, adding in new hardware, swapping out countertops, adding backsplash, and installing new light fixtures will increase your home’s resale value. Don’t forget to update those appliances! Out with the old, in with the new. It’s always a good idea to get your appliances replaced when they become outdated. Not only will they look better and perform better, you’ll also have additional energy savings and even more importantly, mitigate potential breakdowns and leaks that can cause costly damage. 

Flooring Returns Maximum Value

Of all the fundamental features that can affect the value and perception of a home, flooring is often the most overlooked. When it comes to flooring, there are lots of options to choose from, and lots of factors that may influence which type is the best for your situation. According to a recent study conducted by the National Association of Realtors®, 90% of homeowners who upgrade to hardwood floors have a greater desire to be home and 77% have an increased sense of enjoyment when they are home. Refinishing hardwood floors yielded 147% cost recovery, and installing new wood floors yielded 118% cost recovery. Since engineered and solid hardwood floors offer a comparable ROI for homeowners, the choice between the two often comes down to personal preference and needs. According to a recent survey by 50 Floor, laminate and vinyl flooring options were right behind hardwood flooring as the preferred option, capturing nearly one-third of respondents. Don’t count out carpeting so fast! While many homeowners and buyers prefer other floor options, some people prefer durable carpets in rooms such as bedrooms because they like a softer surface. High-end quality carpets can last about 10-15 years, while high-quality hardwood floors are long-lasting. 

Bathroom Renovations

Bathroom remodels are another way to increase your home’s value, enjoy a little luxury, and make it more appealing to you and your property value. According to Remodeling Magazine’s 2021 Cost vs. Value Report, a bathroom model can increase your home resale value by a national average of nearly $14,000. Updating the flooring, shower, vanity, new countertops or adding storage can add major value to your bathroom. Granite and marble flooring add a fresh look and elegance. New tile can provide a major makeover. There are lots of options for showers with rain showerheads and body jets. Spa tub options range based on your space and can really add even more luxury to your space. Need more space? Adding another bathroom to your home can provide an ROI of 53%. 

Decks & Patios

Do you enjoy spending time outdoors? Depending on the materials used, decks and patios can have an ROI of more than 65%. Adding a new deck, fresh paint, outdoor lighting, space and design are all important elements to consider.  

Update Your Insulation

New, updated insulation is a major selling point for home buyers. Even though it isn’t the most  exhilarating upgrade, homeowners often recoup 100% or more of the costs associated with the installation of new insulation. Environmentally conscious buyers appreciate the energy efficiency and added comfort that new insulation offers. New insulation can save up to 10% in heating and cooling costs.

Free Consultations!

Need help on a new project? We provide free consultations and can help you design your dream space! Call our experts at National Restoration North Carolina at 980-228-9422! 

About National Restoration North Carolina

National Restoration North Carolina is your local leader in restoration, mitigation, remodeling, renovations, and roofing. As a licensed general contractor with over 20 years of experience, our expert team manages everything from A to Z to keep your property beautiful. Whether you have an emergency from a water or roof leak, fire, smoke, or mold damage, need a new roof, or want a new look or added space, we can help! We serve homeowners and businesses throughout Union, Cabarrus, Mecklenburg, Stanly, Anson, Davidson, and Catawba Counties.