With home prices continuing to rise, your home is a great investment. Whether you plan to stay in your house for a long time or plan to sell in the near future, there are a number of upgrades that you and you family can truly enjoy and will net you a decent rate of return.
Basements – People who love to entertain at home are opting for upscale luxury basement renovations. From wet bars to big screen tv’s or in-home theaters with movie style seating, home owners are going all out converting basements to recreation areas. A well-planned basement renovation will net you as much as a 70% rate of return on your investment.
Decks – An outdoor entertainment area is one of the most desirable features home buyers are looking for. Especially multi-level decks that include built in cooking stations. Whether you choose wood like cedar or redwood or choose a composite, deck additions can help your home sell faster and allow you to recoup anywhere between 65 to 75% of your initial investment.
Attic Insulation – More and more people are becoming energy conscience making attic insulation an amazing investment, Houses lose the greatest amount of heat through their roofs. Insulating an attic with fiberglass insulation runs approximately $1,300 but can increase your home value by as much as $1,400 giving you a net gain of 5%. Save money, save the planet and make a great investment in your home!
Kitchens – A kitchen can be expensive to remodel but offers a good ROI. Even minor kitchen renovations can make your home a more enjoyable place to live. Depending on the scale of your kitchen project, you can expect your ROI to be somewhere between 65% and 85%
Masonry Siding – Refresh your homes’ exterior and improve your curb appeal by choosing masonry veneer. With over a 90% ROI, it’s one of the smartest decisions a homeowner can make. You’ll find there are dozens of brink and stone veneers to choose from. For the best results, make sure you have it professionally installed by an expert.
Roofing – A new roof on your house will translate into a 70% return on the cost of the new installation. Old and worn roofs not only turn away potential buyers, some mortgage companies won’t even offer a home if the roof is in need of repair or replacement.
Bathrooms – If your bathroom is old or out of date, consider an upgrade. Minor upgrades can potentially net you a full 100 percent of your investment back.
Extra Bedrooms – You can turn a 3-bedroom house into a 5-bedroom house by converting an attic into bedrooms and potentially a new bathroom. Extra bedrooms and bathrooms are more desirable to new home buyers than dens or recreation rooms and can net you back as much as 95% of your investment.
Your home is probably the biggest investment you have. Improving that investment with upgrades you’ll enjoy, and that will pay off in the long run is a smart move.
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Olson Cement Work & Construction
20135 Ecorse Rd.
Taylor MI, 48180