After making all the necessary changes and repairs, you may dream of home remodeling project. Granite countertops, a grand double-door entrance, or an open bathroom with skylights are all ways to transform your home and make it comfortable for you, but do these projects add value to your home? We examined the 2016 Cost Vs. Value report for Minneapolis and saw a few interesting finds. You may be surprised to see what areas within your home can be remodeled or upgraded to give you the most bang for your buck.
Insulate Your Attic
The average cost to insulate attics in 2015 was $1,268, but the average resale value was $1,482, which means you get your investment plus more when you insulate your attic. A return on your insulation project makes sense for homeowners. With a focus on decreasing the cost of energy consumption, a newly insulated attic appeals to individuals who are looking for a home to purchase.
Upgrade to Manufactured Stone Veneer
The next home improvement project that saw the most return for homeowners is adding manufactured veneer to their homes. With the average cost of projects just under $8,000, the average homeowner realized a return of nearly 93%. Although you won’t get back what you put in, the ability to recoup such a large amount of your investment makes adding stone veneer a worthy project.
Upgrade Your Garage Door
You may consider updating your garage after you’ve eyed all other home improvement projects, but you’d be wrong. In fact, updating your garage door is the third value-add project you can do to improve the value of your home. In 2015, the average return for an upgraded garage door was 91.5%, slightly higher than replacing your entry door at 91.1%.
Whether your goal is to upgrade within the envelope of your home, or you want to expand, The Construction Group is happy to help you in the Minneapolis, MN area. We’ve helped residents achieve their dreams by delivering a finished product that far exceeds their expectations. From entry doors to garage doors, we are your go-to source for remodeling and upgrading. Don’t hesitate to give us a call today.