3 Remodeling Projects with the Best ROI

Remodeling projects can be a lot of fun, they can breathe new life into a home, make a room feel completely different, add value, and make your home more functional.

Remodeling projects can be a lot of fun, they can breathe new life into a home, make a room feel completely different, add value, and make your home more functional.  Whether undertaking a small remodeling project or a large remodeling project, it is important to set a budget, determine what is most important to you in finished project, make a plan for execution and it is important not to forget considering what the potential ROI will be.  The ROI, or return on investment, for any given remodeling project can vary significantly.  Those with an unlimited budget may not be overly concerned with ROI but the average remodeler will want to see that the investment they are making in their home will be recouped by adding value should they eventually decide to sell their home.  It is easy to see all of the trends in home design and décor today and not want to change everything, implementing the latest trends and chic styles, but it is important to not just think about trends but what will add true and tangible value to your home.  It is also important to hire a qualified contractor or handyman to help you properly complete your remodeling projects, ensuring the end result is done well and professionally which will also add value to any project.  Below are 3 home remodeling projects that have the best ROI.

1. Front Door Replacement
   • When you think of exciting remodeling projects that make a big impact and have a great ROI, an entry door may not be the first thing that pops into your mind. But, amazingly, according to a study conducted by Remodeling, a steel entry door replacement has a 96.6% return on investment!  Your entry door is the gateway to your home, it is the first chance to welcome a guest and give them an impression of your home so not only will a remodel of your front entry provide great ROI but it will give your home a significant aesthetic boost and enhance curb appeal.
2. Kitchen Remodel (Minor or Major)
   • The kitchen is often the place that everyone gathers during a party, or it functions as the heart of the home for your family – a place where you eat, do homework, have a long chat or more. Whether you want to give your kitchen a facelift or a totally new look, a kitchen remodel is not only something you will enjoy but that will give you a great return on your investment.  A minor kitchen remodel (primarily cosmetic upgrades such as cabinet refacing) provides an 82.7% ROI!  Major kitchen remodels (such as replacing cabinetry, countertops, etc.) provide a 74.2% ROI!  Not only will a kitchen remodel look beautiful and be a more enjoyable place to spend time but many prospective home buyers cite the kitchen as one of the most importance influences on their decision to purchase a home.
3. Bathroom Remodel
   • Your bathroom can be a place of utility or it can be a place of both form and function – an oasis that is like your own personal spa experience right at home. A bathroom remodel that includes replacing fixtures such as the tub, toilet, vanity, flooring, etc. provides a 72.5% ROI.