Remodeling your home is a big decision, and you want to weigh all your options carefully so you make a good investment. Each year, Remodeling magazine shares national data on the cost versus value of specific types of home improvement projects. We at James Montie Construction, Inc. want to share three home improvements that are currently at the high end of the value chart for 2015.
1. Minor Kitchen Remodel
You want to embark on kitchen remodeling but don’t want a complete overhaul? You may be in luck. Remodeling magazine estimates that a minor kitchen remodel can cost on average about $19,000, but after the home improvements, you should see your home’s value increase by about $15,000—giving you quite a return on investment. A minor kitchen remodeling project might include replacing cabinet doors and hardware, updating wall oven and cooktop with energy-efficient models, updating laminate countertops, installing new flooring, and repainting trim and walls.
2. Basement Finishing
A finished basement can be very desirable and a great way to add livable space to your home. The estimated cost of finishing your basement is about $65,000, and the average return on investment is 72%, meaning that this home improvement can increase your home’s value by about $47,000. Remodeling magazine defines a finished basement as a main living space with a bar area and a full bathroom, so know that these values may vary if you do more or less.
3. Bathroom Remodeling
To increase your home’s value, consider turning your “blah” master bathroom into an updated oasis. Remodeling magazine estimates you could see up to a 59% return on investment if you go all out for an upscale master bathroom remodel. Usually, the high-end bathroom remodel includes everything from a whirlpool tub, stone countertops, and in-floor heating, and these upgrades may cost you in the $50,000 range.
To get actual Ohio home improvement estimates for any of these projects, contact James Montie Construction, Inc. at (740) 975-5412. We customize each home-remodeling service to your needs and your budget. Just check out what our satisfied customers are saying about their home improvements, and give us a call today for a free consultation.