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Best Ways to Add Value to Your Home - Wisconsin Builders Association

Which home remodeling projects are the best ones for those looking for a solid return on their investment — and higher profits come selling day?

Americans spent over $114 billion on home remodeling in 2009, according to the National Association of Home Builders (NAHB). Remodeling is expected to outpace new home building in about 10 years.

But all home remodeling projects are not equal. Here are some top ways to add value to your home:

A Home Office Remodel Home offices are becoming less of a luxury and more of a necessity, with more people telecommuting. The number of Americans that work from home is in the millions, and that number has continued to grow every year. With many companies cutting costs and becoming more aware of their carbon footprints, telecommuting has become a viable solution for many in the working world. Making sure that your home has a state-of-the-art space for potential teleworkers is a surefire way to increase your home’s value.

Renovate or Add a Family Room . With open floor plans becoming more in demand, a family room is an excellent way to make existing homes more like new construction. Remember, it’s a good idea to keep in mind what homes in your area are like. People like to purchase homes that blend with other homes around them. Chances are you’ll find many of your neighbors are investing in family rooms as well.

Replace the Roof. Along the same lines of thinking as the roof, landscaping can give a great – or not so great – first impression. Backyard landscaping can transform ordinary spaces into incredible entertaining areas by including elegant water features and lush plants. Consider your area’s climate. If you live in an area that receives temperate weather year-round, you’ll find that your new landscaped yard adds value to your home and increases your living space.

Replace Old Windows. Small changes can result in big value. Upgrading appliances, door handles and painting tired walls can add new life to your kitchen, and add value to your home. The general rule when doing a remodel is not to overdo it…unless it’s the kitchen. Kitchens sell a home, and in this case, size does matter. But a kitchen remodel is a long-term investment; you’ll see payback 10 years down the road. And if you are a DIYer, know your limits. Sometimes doing it yourself can save money, but always bring in a professional for the big jobs.

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