Glen Miller the Home Doctor is a professional in home improvement and handicap construction. He provides home renovations, handyman services and specialized handicapped remodeling throughout Livingston County, Washtenaw County and Oakland County. Glen is an expert in all fields of home upgrades for age in place renovations and various home upgrades including kitchen and bathroom transformations.
Tuesday, August 30, 2016
Home Improvements and Their Return On Investment
Every update done to your home has a return on investment at resale that should be considered before tackling it. Below you will find the average ROI you can expect when contracting popular home renovations.
Minor Bathroom Updates Average ROI 102% – Renovations to a bathroom that do not include redoing electrical or plumbing range around eleven thousand dollars. This includes replacing the tub, tile surround, flooring, toilet, sink, vanity and fixtures. If the tub is going to be too difficult to replace consider updating the tub by re-glazing the surface. Fresh glaze allows a tub to appear brand new. A fresh coat of paint and updated shower curtain or doors really add to the any bathroom renovation.
Updated, Simplified Landscaping Average ROI 100% – Hiring a landscape designer really pays off when it comes to landscaping. For the most part it is safe plan three quarters of your budget for materials and one quarter on the design and installation. Check around your neighborhood to determine what is appealing to the exterior of homes that are similar to yours. A bit of color can really enhance the landscape. For a grand impact choose one color and vary the heights of the landscape plants. Don’t allow the landscape to become overgrown. Keep it charming and simple. Walkways and water features are other attractive features that add interest and visual appeal.
Minor Kitchen Renovations Average ROI 98.5% -Most kitchens can be completely renovated without changing the floor plan of the space. To maximize your renovation dollars re-face cabinets and drawers, change out the sink and fixtures, cabinet hardware, flooring and countertops. Additional lighting will add substantially to the kitchen. The overall value of your home before the minor renovation will also determine the materials you should use. For homes over three hundred thousand dollars can be updated with higher valued materials like granite, glass and stone. Consider your flooring choice as well depending once again on the value of the home.
Exterior Improvements Average ROI 95.5% – The curb appeal of your home really sells itself. Updates to the siding can really change the appearance of your home while helping to lower maintenance. Wood siding requires real maintenance whereas vinyl siding only really requires a spring power washing every other year. Another renovation that contractors suggest when updating your home’s exterior is the addition of a new entry door. Fresh paint to exterior columns can really freshen up the space as well. Add some seating and lighting to really add to the return on investment of your exterior renovation.