The Plus and Minuses of Remodeling Projects


Updating and remodeling projects can increase the usable space in your home and increase your enjoyment of your home. Accordingly, Remodeling Magazine urges when planning projects to keep in mind which ones will add the most value to your home considering the expense of the project and which might add considerably less.


Plusses:


Garage door. Especially if your garage door is presented to the front of the house, replacing a garage door for functional and esthetic reasons is a good expense. If the replacement upgrades the curb appeal the return on investment will be close to 100%.


Minor kitchen remodel. Creating a better flow and replacing appliances and fixtures establishing a new, fresh look will maximize the return on investment by an average of 80%.


Adding a wooden deck. Adding a wooden deck can immediately change the flow and feel of your home as it expands the living area outside. Your return on investment will average 75%.


Minuses:


Expensive master bedroom additions. These suites can become very expensive by adding all the trendy must-haves. Fireplaces, huge closets and tricked out master bathrooms. Expect to re-coup only 59% of the cost.


Expensive kitchen remodel. The cost of a gut kitchen remodel can easily elevate to huge numbers. In the end an expensive kitchen remodel is something that a buyer will want to really love. If it isn’t to their taste it becomes a detriment. You may only retrieve 59% of the cost.


Stone patios. A plus to extend the living area of a home, but the cost can be up to 5 times more compared to the cost of a wooden deck. Expect to recapture in the neighborhood of 50% of the cost in increased value of your home.