When looking at making improvements to your home, one of the biggest factors to consider is your return on investment, or ROI. All projects cost money and the simple truth is that no home improvement is going to have a positive ROI just based on the way the home market works. But what you have to remember is that home improvement projects are intended to give more return than just your monetary investment. They also provide a lifestyle and appreciation value that can’t always be put into terms on a balance sheet. Here are a few of the best areas to focus on to get a good ROI in both financial terms as well as quality of life.
Not only is this room one of the most used in all of the house, it is also one of the best places to focus when thinking of upgrades or improvements. The fact that it’s used almost every day by nearly every member of the family make the lifestyle benefit obvious, and the financial return can be better than you might expect if you plan ahead and focus on the little things that makes a big difference.
A fresh coat of paint can make a drastic difference, especially if you haven’t done it in a while. A paint product like Ace Royal is a great combination of affordable, durable, and visually appealing. And if you plan the whole kitchen remodel ahead of time you can match colors of the various upgrades to create an amazing effect.
While granite may be incredibly popular, it is also incredibly expensive and doesn’t always provide a good ROI, especially if granite countertops are not common in your neighborhood. Adding stone or glass tiles to your current counter can refresh your kitchen and add some color and variety. And if you do want to go with granite, consider a company like Lazy Granite that can provide pre-cut granite tiles that are much cheaper and easier to install than large granite slabs.
Most of the time you do not need to replace your cabinets and drawers. New handles and a simple re-staining can make a positive improvement to the look of your kitchen. Or, if you want something chic, try some of these ideas from D.C-based interior designer Lauren Liess to completely reshape your kitchen on a budget.
The yard and the front of your house can be great areas to do some projects to increase the value of your home as well as its appeal. Whether or not you use your front yard a lot, the truth is that you see it every day and if you don’t like it, it can make a huge impact on how much you enjoy your house.
Windows and doors also contribute quite a bit to your home’s value and curb appeal. Consider replacing your current setup with newer, high-efficiency windows from a vendor like Champion Home Exteriors. You take advantage of a new look or design that has a pretty good ROI, and you can also benefit from professional installation and high-efficiency technology that will save you money on heating and air conditioning.
Landscaping can have a drastic impact on the look of your house. Whether you want to go with a desert scene for its simplicity and low-maintenance keeping or a Victorian design with lush grass and flowers, keeping it clean and maintained can affect not only your mood as you drive up to your home, but your overall home value and curb appeal when you eventually look to sell.