Get The Most Out Of Your Home Renovation

home improvementExperts predict that nearly 10.5 million remodeling and replacement projects will be completed this year.  Although 65% of homeowners are remodeling to maintain their homes, 30% are doing so to improve its resale value.  Regardless of your reason for remodeling, it’s a great time to make improvements to your home.

3 Renovations With The Biggest Returns

1.  An attic bedroom has a return on investment of 73%.  However, it’s one of the most expensive renovations to undertake, with an average cost of $50,148.

2,  Kitchens offer an average return of 66% of costs.  A mid range minor kitchen remodel has a return of 72.1% and an average cost of $19,588.

3.  Bathrooms offer an average return of 62% of an average cost of $16,552 for a mid range remodel.

Get More Out Of Your Living Spaces

Many homeowners are interested in creating multi-functional rooms that can meet the changing needs of their families.  Here’s how to make the most of your spaces:

  • Maximize your space.  Go through the house, and donate what you and your family don’t need or use.  This will improve the flow and functionality of your home.
  • Transform a room with furniture that does double duty.  End tables, coffee tables and seating often feature compartments or drawers to store toys, paperwork, bedding etc.  Additionally, Murphy beds can be pushed into the wall when not in use , freeing up floor space.
  • Put small spaces to use.  Turn an unused closet or corner of a room into a small office, homework area or laundry room.

The average remodeling project costs $44,734 and has a return of 57.7% when the home is sold.

The alternative to remodeling is finding a new home that already has the upgraded things you are looking for.  Make sure that you don’t over renovate your home for the neighborhood and it becomes the most expensive house in the area.  If you feel that a new home would be the best option, call me at 239-601-3174 so that we can start the search for your new home and let someone else renovate your present home!  Or maybe that new buyer will be happy with it just the way it is.  Beauty is in the eyes of the beholder!

Remember, it is always toasty in Naples and you deserve your piece of Naples sunshine.

 

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