If you’re looking to improve your home’s value, or make money back when you sell your home, you need to know which projects you should tackle first for the biggest return on investment. According to the 2016 Cost vs. Value Report, here are the best home improvement projects to ensure you get your hard-earned money back.
1. Basement Remodel
If you complete a basement remodel, you may see up to a 70 percent return on investment. A renovated basement can include an entertainment area with a wet bar, a full bathroom or even a bedroom. For the bar area, consider taking a modern approach with new cabinets, light fixtures and paint, plus a refrigerator and a stainless steel bar sink. Completing the project with new vinyl flooring would make the space come together.
For the main entertainment area, include recessed ceiling light fixtures and new laminate flooring.
For the bathroom, include a new white toilet, a vanity, vinyl flooring and a new bathtub and shower.
2. Bathroom Addition
By adding a full bathroom, you could see a return on investment of up to 56 percent. This addition will be something that not only you and your family could benefit from, but it will also interest a buyer if you ever sell your home. Consider upgrades such as a marble vanity top with a molded sink, a fiberglass tub and shower with ceramic tile surround, spot lighting and painted walls and trim.
3. New Front Door
Depending on the material, you can get up to a 91 percent return on investment by replacing your home’s front door. Fiberglass is the best route to go for the biggest return on investment. Luckily, this one of the easiest ways to add curb appeal and a touch of personal style to your home’s exterior.
4. Family Room Addition
Your improvements should be in line with the value of your home, but if your home has plenty of wiggle room to improve its final value, consider adding a family room. This can provide a return on investment of up to 67 percent.
5. Kitchen Remodel
A major kitchen remodel can provide a return on investment of up to 64 percent. As a general rule, never spend over 25 percent of your home’s value for an updated kitchen. Consider upgrades like installing new cabinets, countertops and purchasing new flooring and appliances. If you decide to do a minor kitchen remodel, you can expect to see a return on investment of up to 83 percent.
6. Master Suite Addition
A master suite addition can provide a return on investment of up to 64 percent. Consider including a walk-in closet and carpet in the bedroom. In the bathroom, include a large bathtub, a separate shower with ceramic tile and a double sink vanity.
If you’re looking for supplies for your next home improvement project, Jabara’s has a huge selection of carpet, tile, cabinets, vanities and more. Stop in today at 1816 N. Broadway in Wichita to find what you need.