"What are some home improvement projects that provide a good return on investment?" is a question many Kansas City homeowners ask themselves.
You know, some projects pay off better than others. Some of them are worth it because they will give you an immediate return on your investment. Others might not be as profitable in the short term but will have more benefits in the long run.
The key is to find out which project is best for you and make sure you get someone who knows their stuff to help guide you through it all. That way, no matter what project you decide on, you can feel confident knowing your money was well spent.
Here are some of the most popular Kansas City home improvement ideas:
Replacement Windows
Have you ever noticed how drafty old windows can be? If so, it's time to bring them up to date.
If you're looking for a home renovation idea that will give you lots of bang for your buck, window replacement is hard to beat.
Vinyl replacement windows have an average return of about 74%. That's a pretty good return. What's more, it's almost always a project that can be done in a short amount of time.
Replacing old windows with new energy-efficient ones also helps reduce your home's heating and cooling bills. This can increase the return on your investment even more.
With replacement windows, the return is threefold. First, they lower your heating and cooling bills. Second, your home's value will increase thanks to improved curb appeal. Finally, you will recover a lot of that cost when it comes time to sell or rent out the property.
That said, it's important that you don't just select the first replacement window company you find. Make sure to do the research and have all your questions answered before signing on the dotted line. You need to hire a professional window contractor who will be able to offer high ROI products.
A Deck
Everyone loves to sit outside on a nice day. And, if you have the space for it, deck installation is an excellent home improvement idea. It will add value to your home and give you lots of outdoor living options.
While this isn't something that will save you money every month, it is one of those projects that will likely pay off in the long run.
You'll get more value from your property by replacing an old deck with a modern one. And, since many decks are built out over existing patios, they can increase the appeal of a modest house and even make it easier to sell.
As far as costs go, new decks are expensive but not outrageously so. If you've got the cash or can get financing, this low-maintenance project will give you excellent returns for a long time to come. It'll boost your property value while giving your family access to more outdoor living space.
One study estimates that adding a deck returns about 70% of the cost when selling your home.
A New Roof
A leaky roof is one of the most expensive problems you can have. Not only will it cost you more to fix, but it also affects your home's value.
That said, a new roof is a smart investment if yours is old.
According to Remodeling Magazine's Cost vs. Value Report, a typical homeowner can recover up to 70% of the cost of an average roof replacement. That's pretty impressive for any project.
However, you have to be smart about it and make sure you're hiring someone who will do the job right the first time around. A poorly installed roof is going to be less energy-efficient which will lower its return on investment significantly. Make sure you get help from a pro.
Your new roof options include asphalt shingles, metal, clay tile, and wood. They are all equally good at protecting your home from the elements, but some have higher returns than others.
Siding
The siding on your house is going to take a beating over the years. It's exposed to the elements and gets banged around by tree branches, pets, children, and more.
As with roofs, siding comes in several different types, including wood siding, metal siding, vinyl siding, and so forth. Most do a good job of protecting your home from the elements. And they all have different levels of return on investment depending upon their durability and resistance to fading.
The ROI of siding replacement and siding installation is roughly in line with that of replacement windows. You get a return on your siding investment by improving the value and appeal of the property as well as saving money on energy costs.
You'll want to hire a siding contractor with experience in replacing siding. Otherwise, it can end up costing more than you anticipated or not lasting very long, which means wasted money and lots of frustration later.
James Hardie siding is one of the best options when you want high siding returns. It has high durability and resistance to fading. That said, vinyl siding is also a good siding option. It is more affordable, and it has good returns.
Front Door Replacement or Addition
A new front door has a big impact on the exterior of your home. It completely changes the look. Knowing this, it's no surprise that you can get a return of about 75% on your investment with a new front door replacement or addition.
The ROI for a new front door is higher because it's one of the first things potential buyers notice when they see your property. This means that you will be able to charge more for rent or sale because someone will likely love it enough to offer a higher-than-average price.
Hire a Home Improvement Contractor in Kansas City Today
These home improvement projects can offer a great return on your investment with the right contractor. From roofing and siding to decorative windows, make sure you do your research first and hire a professional for the job.
Are you looking for a great contractor to do these Kansas City home improvement projects for you? Contact US Quality Construction Contractors for a free estimate, and we'll make sure you get the best service on everything from roofing and siding to decks, windows, and more.
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