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4 remodeling projects worth the investment

by Mehner Weiser Real Estate, LLC.

4 Home Improvements With High Returns

Remodeling your home can be a great way to increase its value and ensure you get good returns when it comes time to sell. But before you go tearing out your floors or adding another bedroom, take note: Not all projects are created equal. In fact, according to recent data from Remodeling magazine's Cost vs. Value report, there's a pretty big discrepancy between which projects deliver high returns and those that don't. 
  
Want to make sure your remodels are worth the effort? Here are some top options: 
  
  • Get a new garage door. It seems simple, but replacing your garage door is the most value-adding project you can take on. On average, it delivers returns of more than 98 percent upon resale.
  • Focus on curb appeal. Upgrades to exterior areas saw serious growth over the last year. Wood deck additions increased over 18 percent in value, while stone veneer installation value was up almost 14 percent. 
  • Replace your entry door. Don't bother sprucing up old doors. Replacing them with steel models can deliver a whopping 91 percent ROI. And at an average cost of $1,471, they're one of the most affordable updates for your home.
  • Upgrade your kitchen. Minor kitchen remodels continue to be a top value-adding project. This year, the average small remodel adds about $17,193 to your home's value and recoups more than 81 percent of your costs.
You might want to rule out projects like backyard patios, master suite additions and major kitchen remodels -- they're notorious for low returns. If you're looking to boost your home's value and increase its marketability, focus your efforts on projects that improve aesthetics and add ease and convenience instead. 

4 Home Projects That Add Instant Value

by Mehner Weiser Real Estate, LLC.

Do you have a list of changes you'd like to make to your home this year? Completing cosmetic updates is easiest when the weather's in your favor. In honor of May's National Home Improvement Month, here are four upgrades ranging from curb appeal projects to large-scale expansions that often yield high returns. 

  1. Replacing doors and windows: Homeowners are often encouraged to consider projects that boost overall curb appeal. Swapping out a wooden front door for a steel model or replacing front-facing windows can pack more of an ROI punch than renovations made inside the home. 
  2. Constructing a deck: Create a beautiful transition from your back door to the outdoors by building a deck. The update turns into a major selling point that can recoup your initial investment when it's time to move on. 
  3. Adding insulation: Of all the projects listed in Remodeling magazine's 2017 Cost vs. Value Report, adding loose-fill insulation to your attic is the only one with returns that exceed 100 percent of the cost. It can also help reduce year-round heating and cooling costs. 
  4. Building a second-story addition: Even with a slight increase in construction costs, completing a significant two-story addition resulted in a substantial year-over-year increase in value from 2016 to 2017. Adding the extra space will likely catch the attention of buyers. 

Home renovations and repairs are on the rise and expected to peak this year. Now's the time to start planning your investment-savvy home improvements.

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Photo of Mehner Weiser Real Estate, LLC Real Estate
Mehner Weiser Real Estate, LLC
RE/MAX Dynamic Properties
3350 Midtown Place
Anchorage AK 99503
Bethany (907) 223-1632
Bonnie (907) 223-0005