Top 3 Home Remodeling Projects for Big Return on Investment
For most homeowners here in Western Pennsylvania, it’s often difficult to pick and choose priorities from what seems to be an ever-growing wish list of home remodeling projects. Finding the sweet spot between financial return on investment and maximizing living spaces for your current family needs is usually one of the most difficult parts. The amount of emphasis put on ROI can vary depending whether your family will be calling your current house home for many years, or putting it up for sale in just a few. Either way, it’s helpful to know what home remodeling projects bring the biggest bang for your buck. Let’s take a look at the top 3.
The Kitchen Remodel
The kitchen is the heart of the home...and the pocket. Whether it’s an entire remodel with upgrades galore or a modest makeover, renovating your home’s kitchen is a solid investment. In fact, some statistics say that the kitchen project can cook up returns north of 84%. "For potential buyers, the kitchen is the room that can make or break the sale. An upgraded, attractive kitchen can make your home irresistible,” says Kristen Hampshire of HGTV.
Even if your not planning to sell in the near future, it may be possible to compromise between getting exactly what you want and staying more “safe for resale” with your design decisions. Speaking to experienced home remodeling contractors in Allegheny and Butler County, PA and/or in advance can help you avoid some common pitfalls of kitchen remodels.
A Bathroom Remodel
Second only to a kitchen remodeling project, bathroom updates never go out of financial style. With some returns above 80%, ROI and updated living spaces really can go hand in hand. Choosing classic design elements and features that don’t go out of style like double sinks, good lighting, shower seating, and ample storage are key to driving up return. A warm, inviting master bath is an essential part of home value and a quick way to improve your family’s living space today.
Outdoor Living and Landscape Projects
Curb appeal and backyard landscaping projects are solid remodeling investments in Western Pennsylvania as well. A study by Realestate.com suggests that if done correctly, landscaping updates can bring over 145% return on investment. Not too shabby for a project that also makes your house the talk of the town. Expanding the living space of a home is the one of the best ways to increase value, and today that can mean expanding beyond the walls. Outdoor kitchens, paver patios, composite decks, outdoor fireplaces, and landscape structures like pergolas are all home runs in home remodeling.
Sometimes when it comes to your home, you just want what you want. Once the above core living spaces are updated, it may be time a bit of luxury for your Western PA home. And if your planning on staying in the home for a long time or forever, go ahead and paint those walls lime green and get that inground pool. After all, return on investment may be best measured in memories created in the new living spaces in your home.