The 4 Best Remodeling Projects for Return on Investment (ROI)

 

“Why does it cost so much?!”

Your home is your safe haven. It holds and shelters you, your family and everything you value. It’s more than just a place where you’ve built your life, though. It’s an investment—and can be a costly one at that. At SEA Construction, we aim to offer the best services at the best prices. Sometimes, however, even the best price might still seem too high.  

Several of our clients ask us why home remodeling is so expensive. Here’s the short answer: it’s expensive in the short term, but some remodeling projects actually pay for themselves with the value they add to your house. Making changes to such a big investment can feel like a gamble, but we’re here to show you which remodeling projects are the best in terms of your ROI.

 

Best Remodeling Projects for ROI

If you want to give your house a facelift without spending a fortune, we’ve got some investment-savvy project ideas you should consider. These projects add so much value to your house that, according to the Remodeling 2016 Cost vs. Value Report, some can return over 100% of the initial cost. That’s right—they could actually help you make money. Here are the top four projects for thrifty remodeling:  

Insulate your attic: Insulating your attic is one of the least expensive, and most practical, home projects. This project costs less than $1,300 and will return approximately 94%* of that cost in added value to your house. Moreover, because the insulation will prevent any air leakage, you’ll save even more money on your utility bills. In fact, you can save 15% on your heating and cooling costs, on average, by insulating your attic. This simple project is just one way you can make your home more energy- and cost-efficient.

Replace your garage door: Another great project to consider is replacing your garage door. For a mid-range garage door replacement that has a 10-year warranty, the price is around $1,700, and the ROI is approximately 94%.* An upscale garage door replacement, with a lifetime warranty, costs less than $3,200 and returns, on average, 98%.* Spruce up your home and make it the envy of the neighborhood with a new garage door that’ll basically pay for itself.

Add a new stone veneer: A new stone veneer for your home’s façade will add substantial value to it. The stone will make your home more water- and weather-resistant, as well as add a nice textured aesthetic. The initial cost is around $7,500. But, with a return of 101%,* this project will actually make you a bit of cash in your home’s value.

Make a minor kitchen remodel: Spice up your kitchen with a minor remodel that includes, but is not limited to: a new wall oven, cooktop, slide-in refrigerator, mid-priced sink and faucet, and a laminate countertop replacement. This project costs less than $21,000.* (Ouch. We know, still quite a sum of money.) Here’s the best part, though— the return on this project is a whopping 112%.* Yes, you read that right. The short term costs have major long term gains.

 

SEA Construction is here to help you through every step of the process in your remodeling projects. We know getting started is the hardest part. That’s why we’ll help you figure out what projects are worthy of your hard-earned dollar and devise a plan.

When you hire us, we take the guesswork out of remodeling, so you’ll never feel like you’re gambling with your house projects. What you want is exactly what you’ll get when you work with us. Call us today to get your remodeling project started!

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* © 2016 Hanley Wood Media Inc. Complete data from the Remodeling 2016 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.

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