When a South Florida homeowner wants to renovate his/her home in the hopes of increasing its value, it is wise to know which renovations will enumerate their financial expenditure. Be cognizant that the average garage addition can cost more than $50,000, an average bathroom remodel can cost more than $16,000, and adding a master suite or second floor can easily cost six figures, according to the National Association Remodeling Industry.
If the kitchen is over 15 years old, upgrading the appliances, cabinetry and flooring to contemporary ideals will net you more money at time of sale. The kitchen is the “heart “of the home and a simple updating can increase the value. Do not put in Wolfe or Sub Zero appliances if it is not warranted. Remodeling’s “Cost vs. Value” report showed the national average recuperation was 79%.
Painting is a swift, easy and inexpensive way to invigorate the home. You can transform a room with paint. It will make a room look clean and bright, but it can also change your viewpoint on the home and its atmosphere.
Replacing the front doors can change the front of the residence and improve overall curb appeal, Consult with a decorator or architect and learn which styles and materials work best for your home’s design.
Change over to energy-efficient appliances, LED lights and tank less water heaters. These items will contribute to a smaller carbon footprint on the environment and save homeowners money, and contribute to a smaller carbon footprint. According to Remodeling’s “Cost vs. Value” report a ”tank less water heater can be installed for approximately $4,200 in a 2,200 square-foot home, and LED converter bulbs can be bought for about $14 per light.” The water heater alone can save about a fifth of the electric bill annually. A switch from incandescent to LED bulbs can save an average homeowner just a couple hundred dollars per year. Energy-efficient upgrades can have an almost immediate impact on a home's bottom line.
Bathroom renovations are usually worth the money invested. According to the same report from Remodeling, an average bathroom renovation can cost a homeowner approximately $17,000 and worth every penny spent.
A home renovation should be about more than just the value you will eventually regain, but the enjoyment it will bring. A home is more than an asset; it is the place where you reside and build memories.