Now is a great time to make improvements to your home or rental property ̶ but it can often be difficult to determine where to begin, especially if the entire home needs updating.
In general, it’s a good idea to start with those projects that are likely to give you the most return on your investment. This way, you’ll be able to both enjoy your upgrade and rest assured knowing you’ve made a smart move when it comes time to sell your property.
Here are 4 remodeling projects with impressive ROI, according to Remodeling Magazine’s Cost vs Value 2014 report for Phoenix, AZ:
Basement Remodel – 87% ROI
Finishing or remodeling a basement gives a home one thing that’s often hard to come by: more space. In addition to usable square footage, finishing your basement provides your home with more functionality, like extra bedrooms (or a bathroom), more entertaining space and more storage. A basement remodel tends to be an involved process, so consider hiring a contractor to help, especially if the project requires adding windows or walls.
Entry Door Upgrade (Fiberglass) – 77% ROI
One of the most low-cost upgrades you can do for your home is also one of the best in terms of ROI. A new entry door gives your home added curb appeal as well as improved insulation. It’s also a project that anyone can do fairly easily in a short amount of time.
Window Replacement (Vinyl) – 74% ROI
New windows can do a great deal for a home’s curb appeal but even more importantly, they can keep you much more comfortable inside. Replacement windows make a home more energy efficient, helping reduce heat loss and air leakage. In fact, windows typically account for 20% of a home’s total air leaks. If you’re looking for a project that will not only give you bang for your buck but will also make your home more comfortable (and your energy bills lower!), consider replacing your windows.
Attic Bedroom – 83% ROI
This one might surprise you, but remember ̶ adding more square footage to your home is one of the best things you can do when it comes to resale value. And turning an empty storage (or unused) space into an extra bedroom ̶ or even a master suite if space allows ̶ is a great way to add more space without having to undertake an addition.
This project will require expertise from a professional, especially when it comes to insulating walls, extending HVAC and wiring electricity to the space. Hire a contractor to avoid a poorly insulated bedroom or costly mishaps.
It’s always a good idea to get professional advice when taking on a major renovation project. And, of course, always choose quality building products that will stand the test of time.
Call or visit Builders Express for expertise, materials and resources for the any of the above remodeling projects. We can help with everything ̶ from windows to doors, and more. And, Builders Express offers customers something those big box stores don’t: industry knowledge. Our staff has a background in the industry, so they can help answer all of your questions and help you find the best products for your next renovation project.
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