Home Improvement Projects and Their Costs:
When it comes to home improvement, you always want to make sure you are getting out what you put in. Before you go ahead with your project ideas, just stop to think: “How will this benefit me?” Many home remodels can either hurt you or help you depending on what the housing market looks like. Make sure you know which projects are good investments and which projects you should avoid. The following are some of the best home improvement ideas to increase property value.
Kitchen Remodel: The kitchen is a great place to start when working on home improvement projects. The kitchen is usually the first thing a person notices when entering a home. Not only is it enjoyable to remodel the kitchen for your own pleasure, but also the return on most kitchen remodels is more than half and sometimes all of your investment. The average cost to remodel your kitchen can be anywhere from $18,000 to $54,000, which ranges from minor changes to more drastic changes. Painting, adding an island, and updating flooring, cabinetry, and faucets are all great places to start with your new kitchen remodel.
Additional Bathroom: Adding another bathroom to the home is a very smart home improvement option. The bathroom is right up there with the kitchen when it comes down to what is most important to home buyers. By adding another bathroom to your home, HGTV projects that you can regain 80-130% of what you spent on your new bathroom addition. It may cost you up to $40,000 for your new home improvement project, but the reward will be much greater than the risk. If you don’t have the extra space or the money to add an additional bathroom, remodel your current bathroom by freshening up the paint, adding some light fixtures, and replacing the countertops.
Basement Renovation: Transforming your basement into another room adds more living space to your home. In addition, revamping the basement is another excellent home improvement project that may boost your home’s value. The best part about a basement is that it can be transformed into just about anything. Man caves, lounges with a full bar and pool table, play rooms, and bedrooms are all popular choices when it comes to refurbishing the basement. Finishing the basement can cost up to $30,000, but the return is more than half of your home improvement investment.
If you want more bang for your buck when it comes to home improvement projects, make sure you are doing the proper remodeling that will increase the value of your home. Our general contractors at Center Island Contracting will assist you with all of your home improvement needs. For more information, please call 631-465-9765.