Nothing strikes fear into the hearts of homeowners like the word remodel. But remodeling doesn’t have to be painful and in the end it can actually mean saving you some physical pain and earning you more money.
Deferred maintenance is not only detrimental to your home’s value, it’s also a threat to you and your family’s safety. The National Fire Protection Association says that there are 49,200 heating equipment-related home fires and the US Consumer Product Safety Commission notes that there are 15,600 dryer fires each year that cause an excess of $75 million dollars in property damage – all from lack of maintenance.
Along with safety issues, targeted maintenance can greatly increase the curb appeal of your home. Here are some options that make the biggest impact, along with average Pacific Northwest prices and your recoupable costs:
- Entry Door Replacement [fiberglass] / cost $4,040 / 67.8% recoupable
- Garage Door Replacement / cost $3,670 / 77.7% recoupable
- Minor Kitchen Remodel / cost $23,603 / 84.1% recoupable
- Window Replacement [wood] / cost $21,407 / 75.5% recoupable
For a full list of project costs & ROI in the area, click on this table.
There are also ways to improve key rooms in your home simply for the aesthetics. We’ll take a look at a few room-based options:
Kitchen / As one of the most heavily used and typically worn down spots in your home, your kitchen may be a good place to start your home spruce up. Also, kitchen remodels see the most return on investment of any room in your home, running at about 85.2%, according to the above data. That means if you spend $1,000, you get $852 back! Paint is your best friend when it comes to budget kitchen remodels; you can do it yourself and it’s the quickest way to give the room a fresh, clean look. New switchplates, rugs and window treatments can also give your kitchen new life. In the kitchen, a little bit of updating can go a surprisingly long way.
Bathroom / According to Remodeling Magazine’s Cost vs. Value report, the average bathroom remodel costs $16,500 and enjoys a 62% return on the sale of the home. Simple ways to cut the cost down significantly include painting portions of the room yourself; since bathrooms are typically smaller rooms, many only require one or two gallons of paint. Generally the shower door is the third largest feature in the room (along with the walls and floor) so updating this can have a big impact on your first impression of the room. Finally, installing a high-efficiency toilet not only helps resale, but also your monthly bills.
No matter what your budget, here at Encore we’re a great resource for helping you determine the best way to start your remodel project and the best vendors to turn to when you need help. Should you have any questions about your next project, please get in touch with us!