Not all renovation projects will increase the value of your home. Focus on current trends and functionality to choose renovations that not only help you, but also create value in your home. When it comes to remodeling your home in New Orleans, there are certain features that can add more value than others. From replacing your front door to adding a wooden deck, these 34 home remodeling projects can help you increase the value of your property.
When remodeling your kitchen for resale, use traditional materials and appliances, such as all-wood cabinets, commercial-looking appliances, natural wood or stone floors, and stone countertops. An attractive garage door is high on the list when it comes to recovering cash for your investment. The estimate for this work is based on the cost of removing and disposing of 16 by seven foot garage doors and replacing them with four-section doors with high-strength galvanized steel rails, and it is assumed that the motorized garage door opener is being reused. This curb appeal enhancer could help you recover almost all (93.3 percent) of what you spent on it when you sold your home, one of the few home remodeling projects that did.
Stone always provides a classic and elegant atmosphere. Replacing vinyl siding with stone veneer, even in a part of the house, such as the entrance, can greatly improve the exterior and, once again, the curb appeal of a home. The average cost estimate takes into account 36 linear feet of thresholds, 40 linear feet of corners and a steering block, and materials that include two waterproof barrier layers and corrosion-resistant slats and fasteners. This project also recovers almost all of its cost (just over 91 percent).
So what adds value to a home? Fortunately, there are many proven home renovations you can make, large and small, to increase resale value. By replacing your front door with a high-quality steel one, you can recover 65% of the cost in resale, according to Remodeling. Why? Steel doors are the strongest and most durable doors that exist, as they provide greater security, lower maintenance and greater energy efficiency. You can also paint them in the color of the front door you prefer to suit your tastes.
The cost of updating your home's siding can vary greatly depending on the size, style, and material of your home. However, this extensive project can recover 69.4% of the cost of fiber cement siding and 68.3% of vinyl siding. Of all the siding upgrades you can make, adding manufactured stone veneer to the front of your house is undoubtedly one of the most expensive. However, if you undertake this costly project, the return on investment is likely to be worth it.
Remodeling reports that an addition of stone veneer cladding can recover 92.1% of the resale cost. Adding a wooden deck provides valuable outdoor space to your home, perfect for summer barbecues and relaxing quietly in nature. While the cost of building a terrace includes multiple factors, such as size, material and labor costs, this valuable renovation can be recovered by 65.8% if resold. If the window frame shows signs of rotting or other damage, that's a good indication that you need to replace the window. In addition, window replacements are one of the most valuable renovations that can be carried out, recovering 68.6% in the resale of vinyl windows and 67.4% in wooden windows. A kitchen remodel may seem like a huge task, but in reality, a small kitchen remodel is one of the most valuable renovations you can make. Remodeling reports that a minor kitchen remodel can return 72.2% of the cost in resale. Hardwood floor repair is another valuable renovation.
It's also one of the most common repairs before selling your home. According to a Zillow report, 26% of sellers replace or repair their floors before listing their home for sale. Having a dedicated, easily accessible laundry space on the first floor of your house will make your home more attractive to buyers. In a recent Angi survey, 34% of Americans stated that they can't live without a laundromat.
However, popcorn ceilings applied before 1980 could contain harmful asbestos. In that case, it's very important that you test the roof and have an asbestos removal company take care of the popcorn roof. The increase in square footage thanks to bed and bathroom additions has a powerful effect on the resale value of your home. Remodeling reports that an addition to a mid-range bathroom can recover 53.1% of the cost in resale.
Similarly, an addition to the master suite can recover 54.7%. The National Association of Realtors reports that 21% of real estate agents would recommend that their clients install hardwood floors before selling their home, and that the value of the installation recovers by more than 100%. Energy-saving windows may be more expensive but they divert heat to keep your home cool in summer and warm in winter; they save between 7% and 15% on energy costs making them a highly desirable feature. A Zillow report revealed that 42% of Gen Z buyers and 37% of millennials consider smart home technology to be very important in their search for housing; so it's important to consider these modern and convenient upgrades when thinking about selling your home.
If your roof is old cracked or damaged; a total renovation can stop it from being an eyesore and become an attractive feature that you'll be proud to brag about; Remodeling reports that the return on investment can be up to 60.7% for asphalt shingles and 56.1% for a metal roof.
