Which Home Projects Have the Best Financial Return?
With spring here, now is the time to think about remodeling your home or staycation property. Made Anew Home Remodeling, a trusted remodeling contractor in Mays Landing, New Jersey, and the surrounding area, knows trends don’t last forever and our current strong seller's market won't last forever. That’s why it's smart to take a longer-term look at how various projects have affected home sales prices.
Made Anew Home Remodeling leaders have seen an uptick in custom showers and bathroom remodels in the past year or so. Instead of garden tubs, homeowners are favoring a big open shower. Making the switch might not only allow you to enjoy your home more, but you could recoup upwards of 64 percent of the construction costs in increased home value when you sell, according to Remodeling's Cost vs. Value 2020 Report. Let's say you invest about $22,150 in a mid-range bathroom renovation; you could expect to recover about $13,800, the report states.
The project with the highest return on investment was replacing the garage door (106 percent), followed by adding manufactured stone veneer (89.8 percent), replacing the siding with fiber-cement siding (85.5 percent) and a minor kitchen remodel (79.7 percent). Click here to explore the report yourself.
Whether you'd like an immediate upgrade or are eying a longer-term project, Made Anew Home Remodeling is committed to partnering with you to create a space that is comfortable and meets your needs. Visit their website at madeanewhomeremodeling.com or call (609) 385-5153 to schedule a consultation and get started!