When homeowners are considering remodeling to invest in their home they should always take into consideration resale value. In a survey completed, it points out several ideas for homeowners to consider this year. Listed below are the top 5 remodeling projects with the best resale value and cost recoup for the Kansas City area.
At 77% cost recoup remodeling to invest in the garage
Replacing your garage door. An estimated cost at replacing the door is $1604 and the value at resale is $1233. Installing a new 4-section garage door on new-galvanized steel tracks is something homeowners can accomplish on their own, saving them even more money. Most importantly, the new door should be an insulated, single-layer, embossed steel with two coats of baked-on paint, galvanized steel hinges, and nylon rollers with a 10-year limited warranty.
At 75.3% cost recoup remodeling to invest in the kitchen
I’ve suggested in past blogs, the benefits of using energy efficient appliances. Moreover, installing these appliances, replacing cabinet doors, counter tops, painting trim, wall covering and flooring you can recoup 75.3%. The approximate cost of a minor kitchen remodel is $19,854 and the estimated resale value is $14,941. As most kitchens tend to be the central hub of the home, a kitchen remodel to invest in the future can breath new life into your home.
At 67.5% cost recoup remodeling to invest in the windows
If you are looking for something a little less costly, replace the front door of your home with a new 20-gauge steel unit, including clear dual-pane half-glass panel, jambs, and aluminum threshold with composite stop. This is another home improvement that homeowners can accomplish themselves. The estimated cost is $1,240 and the resale value is $837, which gives the homeowners a cost recoup of 67.5%
At 67.2% cost recoup remodeling to invest in the deck
Again, as I have previously mentioned adding a deck to your home can greatly improve the value of the home. The information I will share with you is based on a 16-by-20-foot deck using pressure-treated joists supported by 4×4 posts anchored to concrete piers. Install pressure-treated deck boards in a simple linear pattern. Include a built-in bench and planter of the same decking material. Include stairs, assuming three steps to grade. Provide a complete railing system using pressure-treated wood posts, railings, and balusters. The approximate cost of this is $10,311 (depending on deck materials) the resale value of this is $6,926 which gives you a recoup of 67.2%.
At 65.6% cost recoup remodeling to invest in the bathroom
Finally, remodeling to invest in a bathroom is the last of our top 5 home improvements. The information provided is based on a 5 x 7 bathroom. If you replace your current tub with a 30-by-60-inch porcelain-on-steel tub with 4-by-4-inch ceramic tile surround; an energy efficient new single-lever temperature and pressure-balanced shower control; standard toilet; solid-surface vanity counter with integral sink; recessed medicine cabinet with light; ceramic tile floor; vinyl wallpaper you could recoup 65.6% of your cost. The approximate cost of this remodel is $17,439 and the estimated resale value is $11,444.
With any of these larger remodeling home project, homeowners can save money when hiring out a contractor by doing some of the work themselves. These savings will give you a greater recoup percentage. Some of the ways the homeowner can save money is doing their own tear out work, painting trim and walls and installing cabinet doors and doors. Most importantly, CH Construction wants to help you save money. We often offer our customers the option to make all the material acquisitions if they so choose. This gives the homeowner complete control over what will be going into their home. Also, there will be a sizeable cost savings as the usual contractor mark-up for handling the materials will be realized. On the larger projects, this really adds up! As always, please give us a call regarding your home improvement and handyman projects if you would rather hire a reputable contractor. We are here to help!