Remodel
Your Way to
a Bigger ROI
Your guide to interior and exterior
upgrades that are most worth the
time and investment.
Homeowners remodel, redesign and restructure their
homes for many reasons. Even a newly constructed
dream home needs improvements over time.
Common renovation projects include upgrading worn-out
surfaces, finishes and materials, or adding features and improving
livability.
However, many find the idea of taking on a remodeling
project too overwhelming. Thirty-five percent of U.S.
homeowners would rather move to another home than
remodel their current home, according to research by the
National Association of Realtors.
Taking on projects is often worth the investment and
time. The same study showed that 75% of homeowners
who remodeled had a greater desire to be at home when the
project was completed. Others reported incresed enjoyment
in their home and a major sense of accomplishment.
Satisfaction aside, there are financial implications that
may influence how you prioritize home renovations. Learn
which interior and exterior upgrades could bring the biggest
return on investment with the leading in-demand projects
identified by the National Association of the Remodeling
Industry and the National Association of Realtors.
Exterior Upgrades: Improvements to your home’s structural
features and exterior elements drive the greatest returns
on your renovation dollars.
New Roof: Your home’s roof takes a beating from the elements.
Upgrading this protective feature is one of the greatest
investments you can make with an estimated 109%
return on value. There’s a reasonable expectation for longlasting
results, and you’re likely to see some improvement in
your home’s energy efficiency.
Garage Door: A new garage door is another exterior feature
that’s likely to bring a strong return. A new door may be
an opportunity to create a new look for your home, but it
could also improve the function of a worn-out door.
Updated Siding: Enhancing an architectural element like
siding is another way to improve your home’s aesthetic
appeal while making it easier to maintain. Thoughtful
material selection is key, as fiber-cement siding brings a
slightly higher return than vinyl selections.
Interior Upgrades: Although many improvements inside
the home tend to be based on your personal tastes
and lifestyle, you can still reap the benefits of undertaking
certain high-return projects.
Wood Flooring: Refinishing existing wood floors or installing
new ones could bring at or near a 100% return
on investment. The project improves a home’s aesthetic
appeal, eliminates possible signs of wear and modernizes
the living space.
Sustainable Considerations: Not only does improved
quality or quantity of insulation help reduce energy
bills, it’s an investment you can expect to recoup a
large percentage on. Similarly, replacing the HVAC
may be necessary if the old unit is failing to perform. It
can also improve energy efficiency and result in better
functionality and livability.
Livable Spaces: Adding square footage always helps a
home value, especially when you can convert unused,
unfinished space into a cozy living area. Complete
kitchen remodels with modern touches and upgraded
features provide a big return while improving function.
Find more advice to maximize the value of your next home
improvement project at remodelingdoneright.com.
Source: National Association of the Remodeling Industry
+ HOMESTYLE
28 Central Florida Lifestyle | March 2020
/remodelingdoneright.com