Thinking of remodeling a kitchen or bathroom in your home? Looking to add something new and exciting? Many of our customers are not sure what projects are best for resale or how much is smart to invest into their home. There are definitely certain projects that will add more value to a home.
Kitchen and bathroom remodels are the most common projects and can bring a great payoff at resale time. On larger projects, it is important to keep in mind how much you spend; your budget should be relative to your home’s value. If you have a leaky roof or faulty electric, then addressing those issues should be first, and then move forward with the other projects.
An amusing statistic is that replacing the front door brings the most added value. On average 90% of the amount you spend on a new door adds to your home. Replacing windows, doors, and adding insulation can add value plus make your home more energy efficient.
It is also necessary to think about design. If you add unusual design features, then it might not be a good selling point. It is always a good idea to keep in mind how your project will be received by a potential buyer.
Most importantly, if you are not moving soon, then you can enjoy your remodel and get the added pleasure of the improvements.
Keith is the owner of Precision Home Development; and believes that his key to success is in the relationships he builds with his clients. Keith began his construction career 1999 with Classic Stellar Homes, a luxury home builder, where he was a construction manager in Scottsdale and Phoenix. The construction boom in Phoenix was occurring at this time, and sometimes Keith was managing as many as ten new home construction projects at once. The homes that he built ranged in size from 2,800-15,000 sq. ft. This experience gave Keith the tools to build a strong team of subcontractors through respect and reliability. Keith works closely with many of the exclusive design firms in Scottsdale, and has built homes and completed remodels though out the Phoenix area.