Big budget? Saving pennies? Whatever your budget, these four home improvements are within your reach.
Minor Kitchen Remodel
Want to cook up something new in the kitchen? This area of the home is a great place to start if you are ready to renovate. In fact, a minor kitchen remodel for a 200-square foot kitchen area can recoup around 80 percent of its initial cost at selling time, which averages $20,830, according to the 2017 Remodeling Cost vs. Value Report. Think energy-efficient appliances, resurfaced cabinets and new countertops, as these are the easiest and often most desired when it comes to the kitchen space.
If your bathroom has seen better days, it may be time to consider a makeover. Like a minor kitchen remodel, a bathroom renovation can yield a nice return if you are planning to sell your home in the future, up to an 80 percent ROI, actually. So, what does it cost up front? A National Kitchen and Bath Association (NKBA) survey, as reported by Angie’s List, shows that people age 18 to 37 paid an average of $16,421 for a bathroom remodel in 2016. Additionally, 31 percent of the respondents said that they spent over $30,000 on a bathroom remodel in 2016. However, the average cost to replace a bathroom is $11,364. The most expensive items that affect total cost are fixtures, which account for 16 percent of the total renovation bill. Installation is the most costly, as it accounts for 20 percent of the total reno cost. Your needs and preferences will likely vary, and you may find that you can cut costs in certain areas where updates are not needed.
Insulate the Attic
Insulation might not be a shiny new kitchen or a brand new bathroom, but it is an integral part of your home. Not only can installing fiberglass insulation in your attic potentially save you money on routine energy bills and keep your home comfortable from season to season, this home project can make you money when it is time to sell your house. The addition of fiberglass insulation in the attic costs around $1,343 to complete from start to finish. Homeowners can expect to earn $1,446 off of the home improvement with a return on investment of 108 percent at selling time, according to the 2017 Remodeling Cost vs. Value Report.
Carpet a little dingy, stained or just plain gross? Give your floors a fresh update by tearing up that carpet and opting for sleek wood or laminate flooring. The cost of new wood floors averages about $4,400, however, this sum is dependent on your own square footage and the materials you use. A more cost-effective option is laminate, which costs $2,800, according to data reported by Realtor from Fortune Builders.
Each project is different. Costs will vary. When planning your next renovation, don’t let the sticker price turn you away. Think about how you can freshen up your home by opting for more cost-effective materials or updating different areas of your home in segments to save.
Topic: 4 Top Home Projects for Any Budget