With the real estate market still going strong, adding upgrades can increase the value of a home. But how do you know which remodeling projects to invest in?
There is certainly a difference of opinions even among the homebuying and remodeling experts. Take kitchens, for example: according to Matt Blashaw, host of DIY Network's Money Hunters, and Nicole Curtis, host of Rehab Addict, a bathroom ranks high on their list of "must-do" re-hab projects. Though, to be fair, they both discourage spending money on an all-out bathroom remodel.
Which is exactly what Remodeling magazine reveals in their 2016 Cost vs. Value Report. In fact, bathroom additions, upscale remodels, and upscale additions rank in their five projects determined to bring the lowest ROI. As attrative and visually stunning as it may seem, adding a deck to the back of the house is also a poor performer for return-on-investment.
Money Invested Does Not Always Bring a Higher Selling Price
So what are the best home remodeling projects for a homeowner looking to sell for the best price? Here is a short list of the top five projects based on the Remodeling magazine report:
1. Fiberglass Attic Insulation
While it's not as glamorous or as much fun as, say, re-doing the kitchen, if you install some fiberglass insulation into the walls of a 35-by-30-foot attic, you’ll pay an average of $1,268. But when you sell your house, you can realize an additional $116.90 for every $100 you spent.
That’s an ROI of 116.9% of your project costs. And it is the only home renovation on the report that returned more money than was spent.
2. Manufactured Stone Veneer
The next best-paying renovation on the list: manufactured stone veneer, offering a respectable 92.9% return. This is based on an average cost of around $7,500 that adds almost $7,000 to the asking price of a home.
Stone veneer is one of the newest and most popular home improvement trends on the market today. When you consider that it looks great and has an incredible return on investment, and it’s not hard to see why stone veneers have become so popular.
3. New Garage Door
On most homes, the garage door is usually the most prominent feature on the front of the house. It is, to be obvious, the most noticeable element of the structure.
“Ten years ago, garage doors didn’t rate as an important exterior design consideration, but that has changed,” says Mischel Schonberg, spokeswoman for Clopay, North America’s leading residential garage door manufacturer.
“Today, the range of garage design and material options is almost endless, which means you can get a door that not only secures your home and enhances its curb appeal — it can improve its energy efficiency at the same time,” Schonberg says.
4. New Steel Entry Door
Your front door is another one of the most important of elements of your house. From curb appeal and aesthetics to safety and security, the front door is the first impression for guests and home appraisers. If you're thinking about a home improvement project, replacing your entryway door makes a lot of sense.
Home improvement experts agree that entryway door replacement can provide a full return on your investment. In fact, according to a recent home improvement report from House Logic, "Year in and year out, no single project has provided such a healthy return on your home improvement dollar as a new front door."
The American Steel Institute also notes that steel provide the "best long-term value" because of their sturdiness and need for fewer repairs than other types of doors. What's more, steel is strong, so you get the benefit of added security, better fire protection and cleanliness.
5. Upscale Garage Door
Now days, it is possible to have garage doors that imitate barn doors, a Victorian carriage-house entrance, and even Tudor castle gates. With upscale garage doors, the facades and the styles can be seemingly limitless.
In addition to an increasingly broader selection of durable materials, garage doors have become high-tech, with high-performance insulation and energy-saving glazing, finished interior surfaces, baked-on exterior finishes and more. Some non-wood doors are designed with very realistic wood grain surfaces that will accept a stain.
In terms of style, carriage-house garage doors have become very popular because of their classic look. For a sleek, translucent contemporary look, aluminum framed doors with opaque glass panels are hard to beat.
The Secret is in Spending on the Right Things
Adding a room can still be a good investment, since it increase the space in a home.
For example, it has been shown that every 1,000 square feet added to a home can increase the sale price by more than 30 percent, according to a study for the National Association of Realtors. The addition of attic bedrooms, family rooms and bedrooms can return from 60 to more than 80 percent of the money spent.
However, the home improvement project that reaps the worst ROI is the addition of a bathroom, at 56.2% (although the “added value” of an extra bathroom for anyone who’s ever had to wait their turn for one is, of course, priceless).
As a general rule of thumb, it is apparent that less is more. Investing in these lower-cost projects can bring you larger returns.
Remodeling Junk Hauling the Easy Way
One of the inevitable realities of any remodel or renovation is the need for continual clean up. One option is to rent a dumpster for collecting an disposing of any and all your project debris. And now you have the option of using mini-dumpster drop-off services from Junk King.
Homeowners can now rent and load these revolutionary Mini dumpster boxes. Equipped with special polycarbonate wheels, these driveway-friendly boxes will arrive on-site without causing damage to a driveway or property.
These rental boxes are great self-service dumpsters for work projects, home renovations and other types of cleanups. And the small size offers a dumpster that is compact, affordable and easy to use.
The dumpster services feature an online booking system. Junk King will drop off the dumpster and arrange for it to be picked-up once filled. The materials will be sorted so the items can be reused, repurposed and recycled.
In addition to redirecting materials away from landfills, the services are insured to make certain nothing is lost or damaged. In terms of pricing, customers only pay for the space used.
No matter what size the project is, or how long it might take, having the convenience and flexibility of a MINI Dumpsterfor your junk hauling needs is a great option.
Dumpster rentals are a good idea for construction or home remodeling projects. However, the traditional full-sized dumpsters offer a few problems for the homeowner or do-it-yourself business owner:
- The cost is often prohibitive.
- The space that is taken up can be inconvenient and obstruct driveways or parking lots.
- Traditional dumpsters also are unsightly eyesores that sit in your yard or parking lot for days, attracting unwanted animals and glares from your neighbors.
- Finally, you often will be charged separately for any labor that goes into a dumpster rental.
With the MINI Dumpster, however, these issues are either eliminated or minimized. The smaller size and quick delivery and pick-up service makes this dumpster the right choice for those larger junk hauling needs.
Why It Always Pays to Choose Junk King
Whether you are reconstructing a home or preparing for a move, we provide our customers with the tools they need to clear away unwanted clutter. From a warm and friendly crew that will do the heavy lifting for you to a fleet of mini dumpsters that allow you to do it yourself.
Introducing the Junk King MINI dumpster: An Easy, Affordable, Convenient Solution
Junk King's MINI dumpsters are easy, affordable and convenient. Rent a MINI today for your DIY project, cleanout, and disposal needs. Book online today by clicking the button below: