Home improvement can be one of the best ways to get a return on your investment, especially if you plan on selling at some point in the future. Things like replacing a roof, or the siding, or even just window replacement, can have tremendous benefits in the long run.
According to www.Energystar.gov, the website for the United States Department of Energy’s Energy Star program, replacing your standard windows with energy-efficient windows that meet the standards of Energy Star, can save you between 7% and 15%.
That’s a lot of money for replacing a few windows, and it’ll more than pay for itself in a few years.
Not only that but old, single-pane, glass windows which are present in most homes built before the mid-1990s, are very energy inefficient. They allow heating and cooling to leak out far too easily. Replacement windows will end this problem.
Replacement windows aside and siding replacement aside, there are tons of options with it comes to your home improvement that can dramatically raise your home’s value.
Contacting remodeling services to get a minor bathroom remodeling can also be a great investment. It can cost about $10,500 to replace the tub, tile surroundings, floor, toilet, sink, vanity, and fixtures. But these replacements can net $10,700 in return, a recoup of 102%.
Landscaping is another way that one can improve the value of their home, often with a return of 114% in total recoup if the right project is picked. Things like creating a pathway to your porch, or backyard, adding year-round plants that grow in your climate for beauty, even just cutting the grass, can all have a good return on investment.
The siding on your home is another issue that may be costing your home money in the long term. Things like old, worn, siding can lead to a loss of up to 10% of your home’s value if not addressed. Replacing it with newer siding can give you that money back on resale.
Especially vinyl siding, which can return 81.6% of it’s cost over the course of its lifetime.
There are, of course, other things that can be done. Turning your attic into a bedroom, or the basement into a bedroom can greatly increase the value of the home by increasing the number of rooms available