Thinking of updating your home and wanting to get the most value for your dollar? Here are some of the most valuable updates you can do!
Bathroom Renovation
Updating your bathroom can be a relatively inexpensive project that can have a big return on investment. Adding a shower to a half bath or just adding a half bath in general can increase a home’s appraised value immediately. Even a new coat of paint with a fresh vanity and new hardware can increase your home’s value. Try new tile floors for a worthy payoff. Bathrooms are a major selling point so make sure to show them some love!
Kitchen Remodel
All the magic happens in the kitchen, so it makes sense that remodeling it would be one of the most valuable home renovations. Homeowners can recover over 50% of a kitchen remodel upon selling the home! New appliances, updated countertops, and updated cabinets are worth the investment. You don’t need to replace the cabinets, sanding and adding a fresh coat of paint can give your kitchen a whole new look without breaking your budget. Even a midrange remodel has a significantly high return on investment.
Deck, Patio, or Porch Addition
Everyone loves a nice patio or deck where they can spend those warm summer nights. If you spend $11,000 on a 16×20 pressure treated, wooden deck you can expect to get $10,000 of that back upon resale. Adding an outdoor addition is a smart investment that will give you almost a 100% return.
Basement Remodel
A basement remodel can cost a bit over $50,000, but you can expect to recoup almost 90% of that cost upon resale. Usable living space is a major selling point, so if you are looking to add immediate value to your home, think about a basement renovation. Basements can be notorious for water damage, so depending on where you live you may need to restructure some outside fixtures such as drains, gutters, or even re-sloping the yard to prevent water from getting into your newly finished basement.
We would love to be part of your renovation journey. Make sure to check our list of services our team at McDonald Contracting offers to see what we can do to help you increase the value of your home!
