Remodeling and updating rooms
in your house can improve the enjoyment of your home as well as increase the
quality of your investment. Having a home your are proud of and enjoy everyday
can be priceless, but not all projects have the same financial payback. Below are some projects that not only improve
the look of your home, but also tend to have a high return on your investment.
1. Give Kitchen Cabinets A Fresh Look
Re-facing your kitchen cabinets
is an easy cost-effective upgrade that will cost between $6,000 and
$15,000. Small kitchen upgrades can
recoup 85% of the cost if you decide to sell the home.
2.
Update Kitchen Counter Tops
Have
your kitchen countertops seen better days? Natural stone counter tops, such as
granite, have dominated the market for some time, but cheaper, traditional
materials are now making a comeback.
Improved
laminate countertops are the more affordable options at $25 to $50 per linear
foot. For a more expensive designer
look, concrete or recycled glass might be attractive options.
3.
Reroofing
Roofing
is labor-intensive, so it's not cheap. The typical cost of laying a new roof on
a mid-sized house is between $12,000-$15,000. Slate costs more.
But
most roofing shingles now come with a 20-year warranty, and upgraded shingles
often come with a 30-50 year warranty. A new roof can make a big difference in
the curbside appeal of your home. Just as important, having a sound roof can
prevent other maintenance problems that can lead to very costly repairs. Most
roofing upgrades will recoup around 63% of their cost when you sell, according
to experts.
4.
Modernize Bathroom Sinks
Bathroom
sinks and vanities have become home fashion statements of late, with the rising
popularity of sleek stand-alone bowl sinks or sturdy, under mounted
vanities. Replacements can cost anywhere
from $1,000-$3,000, plus installation.
Faucets
range in price from $200-800. If you can afford the extra cost, consider going
for it. When you sell your home, your upscale bathroom remodel should return
around 70% of your investment.
5.
Swap Out Toilets
Toilets
fit over present plumbing, and are fairly easy to install. Toilets cost between
$200-$800. Tub prices run between $350-$1,200. A big catch: removing the old
units generally costs between $300 and $700. But a midrange bathroom upgrade
like this will typically recoup 78% of your costs when you sell your home. When
considering a new toilet, shop for modern units that conserve water.
These
updates can be done with limited disruption in the normal use of your home. It
is important to hire a licensed and bonded contractor to make sure the
improvements are done correctly and that you are not liable for any injuries
that might occur while the work is being done. Then just sit back and take time
to enjoy your new look.
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