Commentary by Randy Sorrell and Bill Bernard
Do your plans for 2021 include renovating your home? If so, I’m sure you’ve considered if remodeling is a good investment. Whether your remodeling plans are relatively big or small, you want to believe they will be worth the effort. You’d like to know that when it comes time to sell your home, the money you invest today will have a positive impact on the eventual value of your home. There are a few types of projects that regularly offer relatively good returns on investment.
Kitchens and bathrooms are always listed among the most impactful remodeling projects. Homes with recently remodeled kitchens and bathrooms tend to improve the resale value. The changes you make can be as simple as swapping out cabinet hardware or as involved as complete remodels. Sometimes, adding a fresh coat of paint or installing better quality fixtures and countertops will make a substantial impact.
Another type of remodeling that can create a positive return on your investment is to add useable living space to your home. Adding space to your home could mean either interior or exterior space. Whether you finish your basement, build a room addition or create an incredible outdoor living space, the finished project should provide a positive addition to your bottom line.
It’s never too early to start planning. Give us a call so we can help you evaluate your options.
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