Home upgrades improve property values and quality of life for homeowners. The right home upgrade can make your life more convenient, increase your sense of satisfaction as a homeowner, and may even allow you to stay in your home for years longer than you would otherwise. Below are some of the most popular and worthwhile home remodeling projects for homeowners in Des Moines and the surrounding area.
Approimate ROI: 55% - 90%
Modern homeowners love kitchens with all the amenities. They're drawn to new appliances, attractive modern features, ergonomic layout and good lighting. They seek out ample workspace and ample storage space, where they can store their many kitchen tools and foods. When buying a home, most will pay more money for a home with a recently remodeled kitchen with all of these features.
Related: How Long Does a Kitchen Remodel Take in Des Moines?
The ROI of a kitchen renovation can vary, depending on the cost of the work. Many homeowners find it's harder to recoup the cost of an expensive renovation compared to the cost of a modest renovation. Work with your contractor to determine the proper scope for your upcoming upgrade.
Approximate ROI: 55% - 70%
Bathroom remodels are similar to kitchen remodels because they can have a big impact on the value of your home. However, like with kitchen remodels, it's more difficult to recover the cost of a high-end remodel. Modest remodels have higher ROI, so if return on investment is important to you, work with your contractor to control costs.
When determining the scope of your upcoming remodel, focus on installation of eco-friendly fixtures like low-flow toilets, shower heads and faucets. You can maximize your return on investment by saving money on utilities after your new bathroom is finished.
Approximate ROI: 80%
Homeowners love renovations that produce more bedroom space. With extra bedrooms, your family can grow, and you can fit more guests into your space. When performing an attic bedroom conversion, it's important to work with a licensed contractor. Your contractor can ensure that the work is performed to code and that all changes are permitted. This will become important if you ever decide to sell your home.
Approximate ROI: 70%
Basement spaces can make great family rooms if they're properly finished. This is an excellent renovation for homeowners who have many children and need a quiet place where they can send the kids to play. Basement finishing and remodeling is also a sensible option for growing families that just need more room to spread out while indoors.
Approximate ROI: 80%
Replacing windows and doors can increase energy efficiency in your home, which can save you a lot of money over time. New windows are also desirable to homebuyers, who are often attracted to homes with energy efficient fixtures. This is a good project to take on before selling your home.
Get started on a home remodeling project that will increase your home's value! At MBG Renovation, we help homeowners like you to increase your overall satisfaction with your home and increase your property value. To get started with your renovation, contact us to schedule a consultation.