There are two types of home renovation projects: value-generating and money-pits. While there are countless opportunities for beautifying and enhancing your property, not all them result in you getting your money back. Whether you desire to improve your home for yourself or for future buyers, why not start with projects that will help you get the greatest bang for your buck?
General Tips for Your Renovations
When it comes to increasing the value of your property, remember that not everyone has the same awesome style tastes you have. If you’re planning on selling the property, you’ll want to make sure your decor appeals to a general audience, or at least allows them to picture their own ideal styles. That doesn’t mean you can’t have fun with your projects, just don’t turn your home into a pink Barbie Dream House.
If you’re looking for easy ROI projects, focus on those that promote better energy efficiency, functionality, and relaxation. You don’t even have to begin with large construction projects. Try starting small! You’d be amazed by the minor details that can seal the deal!
Home Improvements With the Best ROI
When people generally consider home renovations, they often think of larger projects like:
- Garage Expansion
- Attic Bedroom Conversion
- Open Concept Restyling
- General Modernization
Can you guess which home renovation project has the highest return on investment? None of the above! Installing improved insulation in your attic and walls actually provides better value for your investment than almost any other project. While efficiency improvements generally come with an impressive return, homeowners can actually recap their entire investment (and then some) by installing high R-factor attic insulation.
Lighting has a large effect on the evaluation and feel of a house. That means picking lighter interior paint colors and potentially updating windows. If you’re looking to immediately resell, don’t dive into the highest tier of premium windows. A simple wood or vinyl material will do.
When it comes to improved functionality, there are few projects as important as updating or repairing your plumbing. Nothing kills a sale like leaky pipes or mold growth. If your house is relying on a plumbing system 50 years old or older, it may be time to browse your local whole house repiping services.
Schedule Your Roof Insulation Service Today!
Have fun planning your home renovation! If you’re interested in improving your home’s energy efficiency with a spray foam insulation installation, the team at Foam Tech would love to help you. You can contact our Dallas office at at 214.205.1200, or you can reach our Lubbock team at 806.441.4636!