5 best home improvements investments
725 Best Home Improvement Investments
Your house is your home but it is still a house. It doesn't make financial sense to put a 40,000 dollar kitchen into a 60,000 thousand dollar house. It is an investment that you will never see a return on. In this article I will give you the top 5 home improvements you can make to your home that will add value and you will get the biggest return.
If you own a home or intend to this is MUST KNOW information. Sometimes you might not have a lot of money to invest in your home but there are things you can do that are within a budget and will give you back a large return.
Kitchen CounterTops
I find that new counter tops can totally give a kitchen a beautiful refreshening for a affordable price.
Kitchen Counter Tops--
Whether you are getting ready to put your home on the market or just
want to make a drastic change to your kitchen and you are on a budget
new counter tops are the way to go. You have a number of different
options.
Pre made Formica - At your local home improvement store you
can buy a variety of new counter tops for under 300 dollars for most
kitchens. It is really not that hard to install them yourself. The
hardest part is going to be cutting the hole for the sink. If you do
not feel you are mechanically inclined enough you should be able to
hire your local contractor for a nominal fee.
Tile Counter Tops
- Tile Counter tops are a bit nicer of a choice but equally so a bit
more expensive. Unless you have experience working with tile and feel
pretty mechanically inclined I recommend hiring for this one. One
option I particularly am fond of is using marble or granite 12 x 12
inch tile(local improvement store). You can get these pieces for around
5 dollars a Sq. Ft. and most counter tops are not going to add up to be
that big. The thing is solid granite and marble are very expensive but
for a lot less money you can get the same elegant look and feel for a
lot less money and make a wonderful improvement to your kitchen that
will be appreciated for years to come.
You can expect this project to cost around 1500 dollars and up depending on the size of your existing counter tops.
Granite
- This is going to be the top choice for counter top replacements. For
starters this is where you have to access the value of your home and
consider if an investment of this nature fits in to the type of home
you have. I recently installed a kitchen that we had Granite
contractors install the counter top and the cost of the counter top was
equal to the cost of the cabinets. Granite is very expensive but with
all fairness it is beautiful for the life of the kitchen.
An
alternative to granite is corian, Silestone quartz, and soap stone.
There are different variety's of each of these and they are all going
to be in the same ball park as granite.
To go with Granite you can expect the cost to be 4000 to 10,000 dollars.
Tile Floors
Whether it is in your Bathroom or Kitchen or even a foyer, Tile floors are durable,long lasting and give the impression of Quality. Not to mention they look very nice.
Tile
floors are a investment you really want to make. Especially if you are
thinking of putting your home on the market. When someone sees tile
floors they automatically associate it with a well built home. That
might be because they are the best floor you can have when it comes to
holding up to traffic and lasting a long time(Installed correctly). You
will have to check with your local contractor in your area but I think
the going rate is about 6.00 dollars a sq. ft. A tile floor will last
100 years and if you think of a linoleum floor lasting tops 10 years,
This is a great floor to spend your money on.
Like counter tops
there are expensive and economical tile. That is really the only factor
that will change the price. All tile floors require the same prep and
same sub-floor to last a century that is.Next time you are getting
ready to put a floor in your bathroom or kitchen consider what you have
read here. Do what you have to do and spend the money to get tile and
not have to worry about it the rest of your life. As well it will
definitely increase the value of your home if you go to sell it.
Replacement windows
Great Investment. I just can not say enough about having energy efficient windows in your home.
Here
in the north east the windows are very drafty and old. So many of the
houses here are upwards of a hundred years old themselves. The old
sashes on a rope and weight are painted shut and don't work. Enough
complaining about old houses...
Replacement windows are a great
investment. Most new replacement windows are double or even triple pain
with argon gas in between the panes of glass. This ads a R-value just
like the insulation in your walls. They make them where both the top
and bottom sash open as well they swing in so you can clean them .They
are very nice and not to mention the money they save on your utility
bill. With the way the cost of energy is going up and we all want to be
green. Installing replacement windows to your home is a win win deal
all the way around.
As far as selling your home or getting your
money back on your investment. They will definitely make a difference,
when the inspector comes out to do a report on the home and the
mortgage company sees that the windows are new, They will loan more
money to the buyer to purchaser your home. Bottom line is it will ad
value apon getting your house accessed.
Remodeling Your Bathroom
One of the best dollar for dollar returns you will get on your home improvements
Remodeling your bathroom is a huge home improvement you can make. New vanity,shower,faucets,of course floors and even light fixtures is one of the best investments you can make. In most every other room in a home it's flooring and walls, but a bathroom, when your Realtor is doing a walk through with a prospective buyer, the fact there is a new bathroom will make his job much easier. It is an investment that you will just about get back dollar for dollar.
The number one investment you can make to your home is...Remodel your KITCHEN
You notice when I was speaking of bathrooms I said ALMOST every room in
your house is just floors and paint. The kitchen is just about the
biggest selling point in your home. Think about it, if you are a
prospective buyer and you go into a home with a kitchen you hate, you
end up not liking the whole house. It is a huge factor when it comes to
selling your home. If your home has a new kitchen as a new bathroom it
will put a smile on your Realtors face. Forbe magazine confirms that
dollar for dollar you will almost always get every penny you spent on
your kitchen back if not profit.
I will give you an example, A few
years back I had a friend who was selling his home he had been in for
30 years. The realtor had advised him that with the kitchen that was in
it he was looking at 320,000. Then the realtor told him with a nice
kitchern in his neighborhood he could expect 380,000. We put that
kitchen in and with my labor I don't think he had 40,000 invested. Sure
enough he got the 380,000 he was asking for.
I'm not telling anyone
to put a 40,000 dollar kitchen in there home I'm just making the point
that if you are considering making an investment in improving your
home, rest assured a new kitchen is a sound investment.
Investing In Your Home...
Although you raise your family in your home,and make little marks on the wall as to the height of your children on thier every birthday. Make the memories and live your life in your dwelling, remember your home is a house, Take care of it like you take care of your bank account,your stocks and your money and it will return the investment.
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Comments
I totally agree with midnightbliss,Upgrade in your kitchen or even bath make big differences in a home. Great hub
I totally agree with midnightbliss,Upgrade in your kitchen or even bath make big differences in a home. Great hub
The one thing you need to always remember when deciding to remodel or not is how long do you plan on being in the home after you finish with the job. Remember that you are only going to get about 80% of your value back in a remodel job. If you are selling the home losing 20% on a kitchen to make it more desirable, but making that 20% back times five because of your location it might make sense. If you are remodeling for your own use, that does make sense. There are a lot varibles as to why you should or should not remodel. Take a close look at your situation and remember to most of us our home is our largest investment.
Another thing to consider before remodeling any home to get high return on investment is the location of the house itself should be in strategic place and worth values in the future and prospective to gain the home value. Looking the city future master plan is also worth to do. Investment in home remodeling is long term investment, so learning the location development in the future as outlined in city master plan is must before investing a lot of money.
Although the kitchen is one of the best things to remodel in your home, these days the bathroom is just as important.











midnightbliss says:
7 months ago
i do agree that the kitchen and the bathroom is a great investment for your home, whether its fo sale or not.