Whether you’re starting a complete remodel or making a few specific home improvements, researching the return on investment, or ROI, of a home improvement project is a great place to start. Whether you plan to sell your home in the near future or just want maximum value, choosing home improvement projects that deliver ROI ensures you’re making wise renovation decisions.
Here are three home renovation projects that can boost your home’s value and deliver a great ROI.
Improve Your Insulation
Regardless of whether you plan on selling your home soon, improving your house’s insulation is a worthwhile upgrade. A well-insulated home has many benefits, from soundproofing to safety. However, one of the most noticeable benefits of insulation will be reflected in your electricity bill.
Add a layer of fiberglass batt insulation to drafty areas of your home to make regulating your home's temperature easier on your thermostat and your wallet. The air in your house may escape through an unfinished attic, crawlspace, or a drafty entryway. Making sure your home is well insulated can deliver a great ROI on your electricity bill alone.
Perk Up Your Porch
While certain home renovations, like building a pool, have notoriously low ROI, the right landscaping and exterior choices can boost your home’s curb appeal and add a few fun benefits to your living space. A functional and private outdoor area can be important for buyers, so consider making a few tweaks to your porch.
Adding hanging plants to your porch or remodeling the railing are simple projects that can create a more private outdoor space and boost the appeal of your home. Since many columns and some porch posts are load-bearing, inspecting the structural integrity of both when redoing your railing can be a great way to save yourself from costly repairs down the road.
Have Fun with Your Flooring
Your home’s flooring can significantly impact its overall look, feel, and value. If your carpet is frayed or outdated, consider reflooring your home with sleek hardwood. If re-flooring your home is too large of a project to take on, you can achieve similar results by choosing one portion of your floors to touch up.
For example, retiling your kitchen with eye-catching, no-scuff flooring or replacing your stair treads with safer, anti-slip treads can help you give your home a much-needed refresher with a smaller commitment.
Considering the ROI of a home improvement project can help you decide which renovations to prioritize and which remodels to save for your forever home. Whether you’re preparing your house to sell or simply want to make worthwhile renovations, check out these three projects that may have an impressive ROI.
About Menards®
Whether you’ve been fixing leaky pipes and replacing cabinet doors for as long as you can remember, or you don’t know a wrench from a tire jack, Menards® offers the reliable tools and service you need for your next project. Since 1958, Menards® has helped homeowners Save Big Money® on their renovation projects. No matter which Menards® location you visit, you’re sure to find high-quality equipment and friendly customer service. Visit the Design-It Center at your neighborhood Menards® for help visualizing and planning your next project, or see how the Project Calculator can help you stay on budget. From your first home improvement project to your 15th, start off on the right foot with a trip to Menards®.
Learn how the Menards® Project Calculator can help you budget your next project at https://www.menards.com/
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