If you plan to sell your home or simply wish to make it more functional for your family, remodeling is worth consideration. Most, but not all, remodeling projects will increase your home’s resale value. Plus, when you hire LPB Construction Inc. for your home remodeling project, you can expect quality, long-lasting results. Not sure where to start? Here are some tips on which remodeling projects to prioritize.
Remodeling isn’t just about recouping value from your home during a sale. If you plan to live in your home for at least a few more years, improving your home is worth it simply for the sake of your family’s well-being! Generally, for those planning to stay in their homes for several years, remodeling unused spaces like the attic or basement is a great choice. A basement remodel, for example, increases your overall living space while adding lasting value to your home.
Alternatively, if you plan to sell your home in the near future, consider investing in less expensive home improvement projects. For example, the Cost vs. Value report from Remodeling.com estimates that a new front door will recoup nearly 91% of its replacement costs! Similarly, other projects that improve your home’s curb appeal, like replacing siding or adding on a new deck, will earn excellent returns on value. Likewise, small-scale kitchen remodels will also earn back a large percentage of their cost.
Costly remodeling projects add value to your home, but the return on investment is much lower than for the projects mentioned above. Still, upscale kitchen and bathroom remodels, home additions, and other similar projects are worth it if you plan to stay in your home for the long haul. These improvements may not earn a major return on investment, but they will improve your family’s enjoyment of the home – and that’s worth it!
The best way to determine how a remodeling project will impact your home’s resale value is to talk to a real estate agent in your area. Once you’ve narrowed in on your decision, contact LPB Construction at (440) 502-5078 to request a free estimate. As a third-generation, family-owned construction company, the LaPonza Brothers genuinely care about producing quality work for each of our clients. We will help you plan and implement all of your home remodeling dreams in Cleveland, Parma, North Royalton, and beyond.
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