Each year, my husband and I choose one large home improvement project to check off of our list. We have lived in our home for four years, and luckily, the inside was fully remodeled shortly before our moving in; so there was nothing that needed to be done. This left us mostly to the outside, and our wish list was and still is long. This year, we are considering a comprehensive evaluation of our outdoor heating system and exploring options for enhancing its efficiency with the help of a professional heat pump repair service.

In the last several years we have done some great projects. Most of these projects were on our wish list, as we already give good maintenance to the house, we also learn what is a drain snake and how to use it, so we don’t have issues with our drains ever. The exception was last year’s project, which ended up needing to be done. We have three pretty large decks attached to our house and all of them are high enough to where they need a railing while we also get a company to install a great staircase as well you can see here to find more about this company. We had several items that we wanted to get to before replacing the decks, but unfortunately the decks did not agree and got to a point where they were dangerous. Other projects have included: building a gazebo (brought back my high school geometry knowledge), planting trees, installing a riverbed, added much needed storage (that included a really cool murphy bed). If you plan to remodel a home you want to sell, you may seek tailored consultancy for property management and determine which projects will yield the best ROI.

We can justify these projects to ourselves by calling them investments and thinking we will get our money back, but we are kidding ourselves. There are some important aspects to be met in order to classify your home improvement projects as a good Return On Investment (ROI).

If you have a growing portfolio of real estate investments, it’s wise to consider starting a real estate holding company to better manage and protect your assets while optimizing your property management and financial strategies. And if sustainability is very important to you as a homeowner, you may get in touch with real estate professionals who specialize in energy-efficient homes. Exploring HomesEh, I came across a unique eco-friendly home, designed with sustainable materials and energy-efficient features.

How long are you keeping the home?

If you’d like to start classifying your remodeling projects as an investment, you first have to determine when you would ever realize the investment. Is this a home you plan to live in long-term or are you planning to fix it up and sell it? And if you want to sell it, consider enlisting the help of a reputable service like Stamford Advocate. If you plan to keep the home long-term, then these home remodeling projects are not a financial investment, but merely an investment in your personal appreciation of your home.

Looking to flip?

If you foresee your time in the home as short-lived and want to determine where best to put your funds to maximize your resale, considering popular upgrades like kitchen renovations or modern bathroom fixtures might be worthwhile. Additionally, exploring practical improvements such as asphalt shingles installation could enhance both curb appeal and long-term durability, potentially increasing the overall value of your property. Here also are some suggestions:

• First maximize the cosmetic improvements. A gallon of paint costs about $30 dollars and it is amazing what a fresh coat will do to the look of a home. Invite some friends over, buy some beer and pizza and make it a paint party. If you also want to remodel the staircase, you may View Our Staircase Projects to draw inspiration for your new staircase design.
• Put the real dollars into kitchens and baths. These have shown to provide the highest ROI. Additionally, having kitchens and bathrooms in disrepair, including plumbing issues, can be a deterrent for potential buyers because they understand the great cost involved in these types of improvement projects. Seeking reliable plumbing services in ohio becomes crucial to address such concerns and enhance the overall appeal of the property. If you’re from Adelaide, call a plumber in Adelaide for reliable and efficient plumbing services tailored to your needs and location. By providing a permanent solution and preventing further damage, you avoid the costs associated with repeated repairs and water damage restoration. Hiring an experienced plumber might seem like an added expense, but it can actually save you money in the long run.
• Add square feet. Is there an unfinished basement? This can be a great investment because it adds to the square-footage of your home and you know the saying…bigger is better. You can use this space as a guest bedroom or a storage room by installing shelving systems.
• Don’t neglect the yard. Landscaping is another area to make sure is well cared for. If nobody wants to drive up to the house because of the overgrown yard it will never be sold. Enhancing the visual appeal of your property extends beyond landscaping; consider practical solutions like heras fencing covers to ensure a neat and organized appearance.

Understand the average remodel does not get back its full cost

The remodeling projects with the highest ROI still, on average, do not gain more value than the expenses incurred. If you are looking to be successful in flipping real estate there is a delicate balance between timing, getting a good deal, purchasing in the right area and putting your remodeling dollars in the right places. Should you proceed with any remodeling project, you may need to rent a dumpster for the collection of construction debris and waste. Try reading FAQ online to learn more about dumpster rentals.

Not a job for the risk adverse or faint of heart. To increase your chances of success, consider hiring Professional Property Inspections as they can offer crucial insights and assistance throughout your real estate journey.

Melody Bell
Executive Director