Whether your home has suffered water damage or you’re looking to put new faces on a few of your rooms, home remodeling projects can get expensive. But what if those projects brought in a nice return on investment when they were finished? Whether you’re in the process of readying your home for sale or you’re planning to move in a few years, here are some of the most cost-effective home remodeling projects.
1. Minor Kitchen Remodeling
Not happy with your kitchen? Fortunately, most of the money you spend here will end up coming back to you. And it’s not too difficult to pull off a minor kitchen remodel with the help of experienced general contractors. Some of the most basic changes to consider include new appliances, especially where the refrigerator and stove are concerned. In addition, new cabinetry and an updated sink could be an excellent investment. If you want to go more major in your remodel, new countertops and backsplash could be included, as well.
2. Water Proofing
Water damage is a true destroyer of homes. The average water damage claim is approximately $6,965, also making it one of the most expensive types of home damage. Whether you’re remodeling because of water damage or you want to prevent it, water proofing is an excellent project to take on. If future homebuyers know that they’re protected from floods and other types of water damage, they’re going to feel more secure in their purchase. Not only that, but you’ll be secure in your home for the rest of your time there.
Many older homes are poorly insulated, which results in high heating and cooling bills. These kinds of projects aren’t necessarily home repairs, but they’re certainly a well-placed investment. Not only will you be protecting the interior of your home, you’ll be ensuring that you and the potential future owners of your home are saving money on their energy costs.
These aren’t the only home remodeling projects that can help you bring some money back into your home, but they’re certainly an excellent place to start. Never underestimate the power of a simple renovation!