When considering a home remodel, many homeowners think only about the upfront cost. However, it’s important to keep in mind the return on investment (ROI) of the project. A high ROI means that the home value will increase more than the cost of the remodel, while a low ROI means that the home value will increase less than the cost of the remodel.
There are a number of factors to consider when calculating ROI, including the type of remodel, the quality of materials used, and the location of the home. For example, a minor kitchen remodel in a high-end neighborhood is likely to have a higher ROI than a major kitchen remodel in a lower-priced neighborhood.
By doing your research and working with a qualified remodeling contractor, you can ensure that your remodel will add value to your home.
If you want to learn more about remodeling your kitchen, basement, or bathroom in Fort Collins, contact our team at Artisan Remodeling & Design. We have the skills and experience that you can count on to do the job right. We have hundreds of satisfied clients who love the work that we’ve done for them.
Focus on Usability
Unless you’re trying to sell your home as quickly as possible, it’s important to remember that a remodel should make part of your home more usable in addition to more beautiful. By focusing on projects that enhance the functionality of a room, not only will you see a better ROI, you’ll also enjoy spending time in that space.
So instead of doing something super-trendy and flashy, focus on the essentials. Make the kitchen more spacious and easier to cook in. Create a family room in the basement that you and your kids will love spending time in. Transform your en suite bathroom into a spa that will help you relax after work. If a space is functional and improves the quality of your life, it will do the same for a buyer.
Choose Neutral Finishes and Styles
If your goal with a remodel is to get the maximum return on your investment, stick with finishes and styles that are more neutral. Buyers want to be able to imagine their own personal style layered on top of what is there. That isn’t going to be possible if you want to do something that is absolutely unique.
But if the idea of living in a one-of-a-kind space is what you want (and you know you’ll be in your home for years to come), we would love to help you realize your vision.
Focus on Remodel Projects That Other People Will Love Too
To get the best ROI on a remodel, make sure that you’re taking on projects that people actually want. For example, if you’re living in an older home that doesn’t have an open floor plan, that kind of dramatic overhaul could mean the difference between taking any offer that comes around and dealing with a bidding war. Home offices, gyms, and kitchen and bathroom remodels are what people want to see. Not only are those remodeling projects popular, they can also make your home a lot more comfortable.
If you want to learn more about remodel projects that transform your home in beautiful, functional, and perhaps profitable ways, reach out to Artisan Remodeling & Design. We would love to discuss your ideas, and we can show you what kinds of choices will pay off the most in the long run. Book your free consultation today.