Last Updated: March 7, 2024
A professional remodel is the perfect way to add aesthetic appeal, comfort, luxury, functionality, and increased value to your home. Considering updates but not sure where to start? We know it’s important that the time and money you spend on your remodeling projects pay off. The following projects offer some of the best return on investment. As a licensed general contractor with over 20 years of experience, we specialize in remodels and renovations.
8 Remodeling Projects That Boost Home Values
1. Roof Replacement
A roof usually needs to be replaced every 20-25 years, depending on storms, weather, age, and material. According to Remodeling Magazine’s 2023 Cost vs. Value Report, a new roof increases home resale value by a national average of nearly $18,000! It’s important to get your roof routinely inspected for damage. If you’re considering a new roof due to old age, wear and tear, aesthetics or storm damage, contact us for a free assessment!
2. New Siding
Upgrading your siding can really transform your home’s exterior aesthetic and strengthen its structure by providing protection against weather, elements and pests. Homeowners can recover as much as 94% of the upfront cost on siding projects. Fiber-cement siding is long-lasting, low maintenance and has a good exterior for insulation. Vinyl siding helps increase a home’s value by adding a fresh appearance, durability, low maintenance and energy efficiency.
3. Kitchen Remodel
Kitchen upgrades, whether major or minor, are a great way to increase the value of your home. It’s one of the most popular rooms in the house where you and your loved ones spend the most time. According to Remodeling Magazine, you can expect to recoup anywhere from 22% to 85% on your kitchen remodel depending on the type of renovation and materials used. Repainting, refacing, replacing cabinets, adding in new hardware, swapping out countertops, adding backsplash, and installing new light fixtures will increase your home’s resale value. At National Restoration, we offer custom millwork, cabinetry, closets, pantries and shelving too! Out with the old, in with the new. And don’t forget to update those appliances! It’s always a good idea to get your appliances replaced when they become outdated. Not only will they look better and perform better, you’ll also have additional energy savings and even more importantly, mitigate potential breakdowns and leaks that can cause costly damage.
4. Bathroom Renovation
Bathroom remodels are another way to increase your home’s value, enjoy a little luxury, and make it more appealing to you and your property value. According to Remodeling Magazine’s 2023 Cost vs. Value Report, a bathroom model can increase your home resale value by a national average of up to $28,000. Updating the flooring, shower, vanity, new countertops or adding storage can add major value to your bathroom. Granite and marble flooring add a fresh look and elegance. New tile can provide a major makeover. There are lots of options for showers with rain showerheads and body jets. Spa tub options range based on your space and can really add even more luxury to your space. Need more space? Adding another bathroom to your home can provide an ROI of 30%.
5. Outdoor Living Spaces: Decks & Patios
We all love that beautiful weather and spending time outdoors. Depending on the materials used, new decks and patios can have an ROI of more than 50%. Adding a new outdoor living space really makes a difference for your comfort and your resale value.
6. Flooring Returns Maximum Value
Of all the fundamental features that can affect the value and perception of a home, flooring is often the most overlooked. When it comes to flooring, there are lots of options to choose from, and lots of factors that may influence which type is the best for your situation. According to a study conducted by the National Association of Realtors®, 90% of homeowners who upgrade to hardwood floors have a greater desire to be home and 77% have an increased sense of enjoyment when they are home. Refinishing hardwood floors yielded 147% cost recovery, and installing new wood floors yielded 118% cost recovery. Since engineered and solid hardwood floors offer a comparable ROI for homeowners, the choice between the two often comes down to personal preference and needs. According to a recent survey by 50 Floor, laminate and vinyl flooring options were right behind hardwood flooring as the preferred option, capturing nearly one-third of respondents. Don’t count out carpeting so fast! While many homeowners and buyers prefer other floor options, some people prefer durable carpets in rooms such as bedrooms because they like a softer surface. High-end quality carpets can last about 10-15 years, while high-quality hardwood floors are long-lasting.
7. Stone Veneer
Other options include accents such as stone veneer which gives you a great bang for your buck, with a whopping 102% return on investment.
8. Garage Door Replacement
A stylish new garage door is a minimal investment that offers maximum return. It’s one of the first things people notice. A new garage door offers an ROI of 102%.
Free Consultations!
Need help on a new project? We provide free consultations. Our custom designs bring your vision to life! Contact us or call 980-290-1913!
About National Restoration®️ North Carolina
National Restoration North Carolina is your local leader emergency services, remodeling, renovations, roofing, custom millwork, cabinetry and closets. As a licensed general contractor with over 20 years of experience, our expert team manages everything from A to Z to keep your property beautiful. Whether you have an emergency from a water or roof leak, fire, smoke, or mold damage, need a new roof, or want a new look or added space, we can help! We serve homeowners and businesses throughout Union, Cabarrus, Mecklenburg, Stanly, Anson, Davidson, and Catawba Counties.
