Page 44 - Indulge April/May 2017
P. 44
Home
improvements
When granite countertops or a kitchen upgrade when you sell here
44 | indulge • april 2017 shiny, stainless steel appliances that in the Lehigh Valley. Minor upgrades
beckon homeowners from the display increase bring in the higher returns then a
areas of home improvement stores, it’s complete kitchen renovation.
tempting to gear remodeling thoughts its
toward the items that will add flair and value Home maintenance projects
decorative appeal to a home. Even There’s little good to improving the
though most improvements add some a considerable investment return for aesthetic appeal and functionality of
measure of value, deciding which are such a simple project. Match the door’s a home if there are existing structural
the best investments can be difficult. style with the style of the house for the or maintenance issues, warn experts.
best value. In the Lehigh Valley, this Siding replacement, HVAC system
Return on investment, often referred project is projected to have a return repair or replacement, a new roof,
to as ROI, varies depending on the on investment in 2017 of between and basement dampness prevention
project. Frequently, the projects that about 60 percent and 76 percent of its solutions can be smarter investments
seem like the best investments don’t project cost, with a steel replacement before other flashy remodels.
bring the greatest rate of return, while door in the mid-range price seeing the
those that seem like smaller projects most recouped value. Many buyers have a strict budget
bring substantial returns. Real estate for a house, and those buyers may be
professionals routinely weigh in with Turn up the kitchen heat more likely to buy a house with little or
their expert advice, and homeowners An attractive kitchen can encourage no maintenance issues. Such buyers
can couple that advice with Remodeling buyers to overlook some of a home’s will then upgrade the kitchen or baths
magazine’s annual “Cost vs. Value less attractive components. In the themselves, according to Harvard’s
Index” to reap the greatest financial kitchen, replacement countertops, Joint Center for Housing Studies.
impact from their renovations. wall color changes, new cabinetry and
flooring offer the biggest ROI. The Worthy window replacement
The following were some of the 2017 report says you can expect to get Angie’s List, a home services
projects that garnered the greatest ROI. back 54.9 percent to 64.5 percent of review and referral resource, has found
that the average ROI of new windows
Open the door to improvement is 77 percent. The cost of installation
Region by region across the United and energy savings tend to offset at
States, installation of a new steel around the 10-year point.
door on the front of a home can have
a large impact on the resale value If remodeling is on the horizon,
of a property. The ROI ranges from homeowners should give strong
90.7 percent at the highest, to 74.2 consideration to ROI before choosing
percent at the lowest — which is still a project.
