Planning to invest in some home improvement projects this season? Roofing and window replacement are just two of the smartest projects you can do for your home—there are a lot more out there that can ensure your home’s overall beauty, comfort and value. When considering remodeling projects, careful planning is essential to ensuring that everything will run smoothly. After all, remodeling tasks take a considerable amount of time and money, and sticking to a blueprint can minimize the hassle of carrying your project through to completion. Keep these important tips in mind to help you maximize your investment:
Your home’s value can increase or decrease over the years, depending on the market and how well you take care of it. . One of the most effective ways to boost the value of your home is by looking to invest in new windows. Window replacement might seem costly at first—an upscale window replacement project can fall between $15,000 to 19,000—but when you think of how much it can affect your property value in general, this is a smart investment. Over time, new windows can pay for themselves, especially if you go about the project the right way.
Cost vs. Value: Window Replacement (Vinyl and Wood)
A new roofing system probably isn’t the first thing that comes to mind when thinking about a boost in home value. It’s reasonable, given that interior remodeling projects are typically the upgrades preferred by homeowners. However, according to Remodeling Magazine’s Cost vs. Value report, having new roofing installed can have a substantial impact on home value.
Cost vs. Value: Roof Replacement
The 2017 cost vs. value report details the approximate return on investment homeowners can get by replacing their old roofing system with a new one. It reveals that a roof replacement can increase home value by an average of nearly $15,000. It also indicates that homeowners who have new roofing installed can expect to recoup an average of 68.8% of the total job cost through increased home value. These numbers put new roofing ahead of a kitchen or a bath remodel in terms of recovered cost.
