Before you begin a home remodeling project, it’s good to know what kind of return you can expect on your investment. Here’s a list of the top four remodeling projects in terms of the added value they bring to your home.
1. Replacing Your Garage Door
Based on this year’s projections for New England, replacing your garage door will yield the single greatest payoff of any home remodeling project. On average, the cost you recover will be close to one hundred percent—and may even exceed your investment.
2. Adding a Stone Veneer
Adding a stone veneer to the front of your home is a smart way to maximize your curb appeal with a reasonable investment. Stone offers a great accent to your existing siding, especially when focused around your home’s entryway. You can expect your return on investment to come in around 94 percent—plus you’ll enjoy your home’s fresh new look.
3. Replacing Your Siding
New siding is another cost-effective way to give your home a facelift. Whether your current siding is visibly worn or could just use an upgrade, a replacement will help boost your home’s value. Lower expected ROI averages come in at just over 75 percent; but you have the potential to add up to 90 percent of your investment to the listing price of your house. And if selling isn’t in your future, you’ll rest easy knowing your new siding is preparing your home for all the elements Mother Nature can throw at it.
4. Updating Your Kitchen
If you’ve been thinking about some kitchen remodeling, this may be your year.
According to the Remodeling’s 2018 Cost vs. Value Report, your return on investment will hover just over 80 percent. Start small by replacing your cabinet fronts and trading your old appliances with updated, energy-efficient ones. Or, step things up by investing in custom kitchen cabinets, which provide unparalleled style, quality, and craftsmanship. Consider installing new flooring and countertops, a fresh coat of paint, and a sink to tie the look together.
Enjoying Your Remodeled Home
Your home is an important part of your life. Remodeling can make it more comfortable and enjoyable for you—whether you plan to sell it in the future or remain in it through your golden years.
Home Remodeling and Renovation in NH’s Lakes Region, White Mountains, and Western Maine
If you live in New Hampshire’s Lakes Region, the White Mountains, or Western Maine, contact Cormack Construction’s award-winning professionals about your home remodeling and renovation needs.