4 Renovations That Can Boost Your Home’s Value
Whether you’re planning on selling or simply remodeling, some renovations add value to your home.
Resale value is dictated by many factors, including the size, state, and location of your house. Updating certain rooms and fixtures also adds to the value.
In today’s blog post, we take a look at four renovations that can boost your home’s value.
1. New Windows
Windows are an important aspect of your home.
They should be replaced every 15 to 20 years. Older windows don’t seal properly, letting hot air out and cold air in, and vice versa.
Adding new windows to your house can add value with a 76% return. That means you’ll earn back about three-fourths of your window investment when you sell.
2. Finished Basement
A finished basement adds a lot of value to your property because you can list the home as having more livable square footage.
The size of your home is dictated by the space in which you can comfortably live. Unfinished basements don’t count in this final number.
Finishing a basement can add about 50% of the value to the rest of your home. That’s a big price jump. Finished basements are most valuable if renovations include extra bedrooms or bathrooms.
A new bathroom adds about 5.7% value to the property, while a new bedroom adds up to 15%, depending on size.
3. Install Hardwood Floors
Hardwood floors are a popular floor-covering option, and they come with a big payoff.
Like windows, you can expect to get back around 75% of the cost of installation when you sell. Hardwood floors are beautiful and long-lasting. If well cared for, you can expect to keep your floors to go 30 years between refinishing.
Hardwood floor installation costs fluctuate based on market price and the square footage of your home.
Chat with a professional to get a precise estimate.
4. New Roof
The value and longevity of a roof are dictated by the materials used and regular maintenance.
A composition single roof can last anywhere between 12 to 20 years, while asphalt shingles range between 15 and 30 years.
Replacing a roof during renovations adds value to a house for many reasons, including:
- Eventually, the roof would need to be replaced by the new homeowner.
- Roofs safeguard against internal damage.
- Replacing old roofing makes your home more energy efficient.
- New roofs are aesthetically appealing, adding to curb appeal.
The cost of a new roof depends on the size of your home and the material you choose to install.
As always, consult with a professional contractor to determine which home-improvement direction you’d like to take.
The Len Roofing & Remodeling Difference
When we say that we’re a top-quality home remodeling and roofing company that serves the North Shore and surrounding Chicagoland area, we back it up. We do more than simply cover the basics: we show up on time and nail it. For more information or to schedule a consultation, call 847-768-6000 or visit our contact page.
