People renovate their homes to improve aesthetics, function, and lifestyles at home. However, home renovations will also improve the value of your home. Which home upgrades will give you the best return on investment?
Lambert Brothers Construction in Sherwood Park is a full-service home renovation company. They share three home renovations that have a high cost vs. value percentage.
Building envelope renovations
Your home’s building envelope includes all the components that separate the inside and outside of your home. For example, windows and doors, walls, roofs and siding are all considered part of the building envelope.
Coincidentally, home upgrades of this nature have the highest returns on investment according to recent cost vs. value data. Let’s look at some examples:
– Garage door replacement: 102.7% cost recouped
– Stone veneer on the exterior: 102.3% cost recouped
– Entry door replacement: 100.9% cost recouped
– Vinyl siding replacement: 94.7% cost recouped
So if you want to improve your home’s appearance, protection, efficiency, and curb appeal, you will get a significant return on investment for these projects.
Kitchen renovations rule the interior
Kitchen renovations are the most popular interior renovation. As a result, kitchen remodels still rank the highest for ROI for interior home upgrades. According to the same report, a minor kitchen remodel can recover 85.7% of its cost at resale. So, if you invest $45,000 into your kitchen, you can expect to increase your property value by about $38,565.
Working with a renovation company like Lambert Construction will ensure you get the most out of your kitchen renovation. They offer design services and complete project management. That means you’ll end up with the kitchen you’ve envisioned minus the stress of managing the project.
Bathroom renovations add good value
Second on the list for interior renovations are bathroom remodels. A midrange bathroom remodel will recover almost 67% of its cost at resale. While that ROI isn’t as high as kitchens, it is still significant. Plus, a bathroom remodel that includes energy-efficient and water-saving upgrades can help you save on monthly utility costs. As a result, you’ll experience long-term savings. And a new bathroom will improve the function and enjoyability of your home.
General Contractors in Edmonton
Lambert Brothers Construction is a well-established, experienced, and trusted home renovation company in Edmonton. Their home base is Sherwood Park, but they provide services throughout Edmonton and the surrounding areas. They value building strong client relationships, producing high-quality renovations, and earning your trust and respect. Most of their tradespeople are in-house employees, so they can guarantee the job is done right.
Improve the value of your home with a renovation. Contact Lambert Brothers Construction!
