You had big dreams when you purchased your home – fantasies of turning it into an open, airy space worthy of the pages of Jacksonville Magazine’s Home edition.
Time, resources and finances may have held you back from some of those dreams, but that doesn’t mean you can’t still make some of them a reality. These popular home improvement projects will give you the most bang for your buck when it comes to adding value to your property.
1.Bathroom renovation
According to HGTV, a minor bathroom renovation can cost up to $10,500, which includes new fixtures, a new vanity, a new sink, new flooring, new fixtures, and updated tile. Before you balk at the cost, remember that bathrooms and kitchens sell houses. The return-on-investment for a minor bathroom renovation is 102%.
To maximize your budget, consider installing a frameless shower enclosure. It will make the space look larger and more open, as well as more modern and elegant. If you want to keep your bathtub, which some consider a must-have for families with small children, you can opt to wrap the existing tub and install a frameless glass closure, instead of a shower curtain.
2.Landscaping
You only have one chance to make a first impression, and that means you need great curb appeal. If you don’t have a naturally green thumb or any idea where to start, invest in a landscape designer. Set a budget, typically around $3,000, and be honest with your designer about how much upkeep you want to do. Landscaping typically yields a 100% return on investment.
3.Kitchen renovation
The kitchen is the heart of the home, especially if your home has an open floor plan. People often congregate in the kitchen, even if the home has a formal entertaining area. A minor kitchen remodel, which would include sanding and painting cabinet faces and replacing the hardware, as well as updating the appliances and flooring or counter tops, will cost about $15,000. But you’ll get nearly all of that cash back because the return-on-investment at resale is 98.5%.
4.Outside improvements
Never underestimate the power of a little paint. If the exterior of your home could use a refresh, a new paint color is a good place to start. A new front door and entryway light will also make your home look more inviting. And with a return rate of 95.5%, you’ll get back most of what you put into the project.