People have all kinds of reasons for remodeling their homes, whether it’s to update an outdated system, improve aesthetic appeal, boost curb appeal or a combination of things. Regardless of the specific reason for undertaking a remodel, most homeowners do want to ensure that they will be getting some return on their investment. In other words, it’s important to consider whether a given remodel is going to improve the value of your home in the long run. Otherwise, you may be putting a lot of money into home remodeling in Midland, MI that won’t help you out should you ever choose to sell your home. Consider some of the most beneficial remodels—as well as the projects that won’t add as much value—so that you can make the most out of your investment.
Remodels with good returns
Some remodeling projects provide outstanding return on investment. Among the most beneficial include:
- Aesthetic improvements: Things like siding and roofing repair or landscaping that noticeably improves the appearance of your home’s exterior are usually worthwhile investments in your home. Your home’s exterior is often the first impression that a potential buyer takes in, and it can play an important role in their decision to purchase.
- Kitchen remodels: Kitchen remodels are some of the most common home renovations, and for good reason. Since the kitchen is such a heavily utilized room, people want to maximize its appeal and its function. A buyer will often base their decision to purchase on the quality of the materials and appliances in a kitchen.
- Master suite expansion: Homebuyers place a lot of value on the master bedroom or suite, and additions can make it an especially appealing space in your home. Consider expanding your current master suite with a bathroom remodel, or add an entirely new master bedroom to your home.
Projects that aren’t worth the investment
Other projects, while they may benefit you personally, are less likely to attract prospective buyers. Some of these include:
- Small additions: Minor additions aren’t likely to add significant value to your home in the long run. Instead of completing a few small projects over time, consider one larger, unified project that will really make a difference.
- Unique or novelty additions: Additions and renovations that could be characterized as unconventional or novelty will likely not add to your home’s value significantly, and may even detract from its appeal. Consider the fact that spaces that are designed for a very specific purpose, like a children’s room with an indoor play structure, may give some buyers pause unless they have preferences and needs that are similar to yours.
- Pools and spas: Even though a pool is a great place to relax and have fun with family and friends, you are unlikely to see an increase in your home’s value that is anywhere close to the amount you will spend on installation and maintenance.
Learn more about home remodeling in Midland, MI
If you want to find out more about the value of different types of home remodeling in Midland, MI, speak to the professionals at Tri City Remodeling. We are proud to be a family owned and operated remodeler with decades of experience providing customers with a wide variety of home renovation and improvement projects. Call us today to find out more about what we can do to assist you.
Categorised in: Home Remodeling
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