Remodeling Projects that Add Value to Your Home

Wondering whether to remodel your 1950s bathroom or your 1970s kitchen? What about finishing your basement and adding to your square footage? Well, all of these projects are high on home buyers’ lists, but let’s look deeper into how these makeovers can pay off.

Top of the List

Kitchen and bathroom remodeling top the list for added value in your home. When someone is looking to purchase a newly constructed home or an existing home, you can bet that the builder is splurging on the kitchens and bathrooms. Therefore, your home buyer will also be looking for those same indulgences. 

The following remodeling examples and values are for the metro Minneapolis area and are sourced from CostvsValue.com.

• 80% ROI on extra outdoor living space
• > 50% ROI on midrange bathroom remodels (includes fixtures, vanity, sink, flooring, and lighting updates).
• > 50% ROI on midrange major kitchen renovation (includes a new floor plan with updated custom cabinets, all-new energy-efficient appliances, flooring, lighting, countertops, and a sink).
• 73% ROI on minor kitchen updates (includes adding new cabinet door fronts, energy-efficient appliances, and countertop and flooring upgrades).
• 91% ROI on upgrading home exteriors. Replacing siding with a stone veneer is an attractive and trending update. 
• 93% ROI on the new front door
• 70% on window replacement

Additions

There is a lot to think about and plan for when considering home improvement and remodeling options. If you’re thinking about adding some much-needed square footage to your home, you can finish your basement or convert your attic into a bedroom or playroom. Add a grand master bath (or entire master suite), a family room, or a relaxing sunroom. All these bring value, and every 1000 square feet added to a home can increase the sale price by more than 30%, according to the National Association of Realtors. 

Country Creek Builders can help you with all the details that go into these important and valuable projects. Connect online or call us at 952-484-9812.

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