The housing market has seen a rough time the past decade, and many homeowners are wary of investing money in their home without a guarantee of return. Remodeling is a good way to boost the value of your home, but with remodeling costs slowly rising, it may feel like a gamble.
Smart homeowners look for remodeling projects that will get them the most bang for their buck and help them increase the value of the home.
REMODELING COSTS AS AN INVESTMENT
Many homeowners don’t realize it, but money spent on home repairs and upgrades is an investment, and you can choose to invest your money in a way that gets returns, or a way that costs you in the long run.
Choosing your upgrades carefully can help you see the most value for your money, and can boost the value of your home. Cosmetic updates can be an important part of these upgrades, but it’s important to also ensure that all basic systems in your home are working.
THE MOST EFFECTIVE REMODELING PROJECTS
Buyers are looking for a home that they can take for granted. This means that the HVAC system is in good working order, the windows and doors have been upgraded for well-insulated models that cut energy costs, the roof is solid and without leaks, the foundation is solid, and the plumbing throughout the house is leak-free and in good repair. Handling these remodeling costs now could help you in the future if you plan to sell.
Investing in a new HVAC system and regularly maintaining it can help you see a return later. Preventing costly water damage repairs is also important, so you should have your roof inspected and repaired. Your pipes can also cause damage if they’re in poor repair. Your plumber can perform an inspection and detect any leaks or potential issues that should be addressed to protect your home’s value.
You shouldn’t discount cosmetic upgrades either. Both the kitchen and bathrooms are good choices to update since they can often attract a buyer.
New home builders often splurge on these important spaces, and you can as well. These are both high-traffic areas of the home, and both are easy to remodel. Upgraded tile, cabinetry, and fixtures can greatly boost the appeal and value of your home. These areas are the most expensive areas of the home to build, but updating these rooms can often net you a return of 100% of your initial investment, or possibly even more.
REMODELING FOR INVESTMENT AND ENJOYMENT
Overall, it is important to remember that no amount of returns on your investment is worth living in a space that you hate. Unless you are planning to sell in the near future, remodel your home to your own tastes. You can’t measure the value you get from enjoying your own home’s beauty and functionality.
The Twin Home Experts have offered the Los Angeles area friendly customer service, quick response times, and high-quality work for more than 35 years. Our team of Van Nuys HVAC and plumbing professionals can help you realize your dreams for your home, and we offer affordable and honest work, performed by highly trained technicians. Our 24/7 emergency services are here to help you in the event of a home emergency.
Contact our team to schedule a service. Call (818) 927-6309 today!