What Home Improvements Add The Most Value?
Home improvement projects. Something made famous and fun by Tim “The Toolman” Taylor on the ‘90s hit television show Home Improvement. Though Tim and Al had a knack for making projects way more complicated than they needed to be, they really were onto something.
Home improvement can be fun and functional. But that’s not all. Home improvements can also be a luxurious way to increase the value of your home as an investment. Whether you’re in the fix-and-flip business or interested in upgrading your home to sell in a few years, these are the best projects to add the most value to your property.
If you’re interested in taking your Southlake real estate investment to the next level, you’ll want to partner with a luxury home remodeling company such as us here at RHR Builders. We’ll work through every detail of the process to make sure you get a strong return on your investment, enjoy the process and are blown away by the end result.
Full Kitchen Remodel
It’s no surprise that a full kitchen remodel is an impactful project that delivers on the bottom line. Investing upwards of $100k into a kitchen remodel can transform the existing space into a perfectly functional and beautiful place to gather.
For a kitchen remodel to provide a good ROI, it must consider functionality and easy movement through the space. Don’t be afraid to knock out walls, think outside the norm (hidden pantries, anyone?!) and go big with a kitchen remodel.
New Home Additions
Adding square footage is a sure-fire way to add value to your home. Whether it’s an expansion for new bedrooms or to create the open-space main floor you’ve dreamed of, an addition to the home is an excellent investment. RHR Builders has experience building out on the main floor as well as up! We can create a second story on your existing ranch to help you expand in the most creative ways.
Full Primary Bathroom Remodel
When people imagine themselves saving time as they get ready for a new day or for a peaceful night of rest, they see the value skyrocket. Time is so precious! This is one reason why a primary bathroom remodel can be an effective return on your investment.
Primary bathrooms can include everything from a brand-new vanity space to a luxurious steam shower and the perfectly organized closet of your dreams. As one of the most private spaces in the home, the primary bathroom can serve as a therapeutic oasis.
Delightful Small Details
When it comes to the value of your home, people are in awe and willing to spend more when they feel the home is extraordinary and absolutely delightful. This often comes in the form of “small” details. We put “small” in quotes here because though they may seem small to the average eye, it can be a lot more work to make it seem magical – it’s worth it!
Pour yourself a cup of fresh coffee and let your imagination run wild. A hidden kids play room under the kitchen island. Sleep in the clouds with a hanging bed. A pet shower in the mud room. Floor to ceiling windows for a reading nook.
These are not typical things home buyers seek but they can be the most memorable as they shop around, which can turn them into a high selling point and the deal winner for you.
Expected Budget
According to Homes & Gardens, a good rule of thumb is to spend 10 percent of your home’s value to remodel a kitchen, and 5 percent to remodel a primary bathroom. These two projects are high-value drivers when it comes to the price of your home, and many owners see a substantial increase on the value of their home both monetarily and personally with new buyers.
RHR Builders, a luxury residential general contractor in Southlake, has been in the home contracting business for more than 30 years. We bring together a professional team to create an incredible outcome for your home.
Disclaimer: This is not professional investment advice, but rather a conversational blog to inspire meaningful remodeling projects for your home.