If you’re trying to improve your home’s value, you might want to consider working on the interiors. There are certainly several projects that you can try, but some projects can pay off more than others according to the Remodeling 2017 Cost vs. Value Report. If you’re raring to use your diamond blade saw and the rest of your tools, here are four projects for you to consider:
Family Room Addition
If you’re going to need extra space for you and your family’s activities, adding a family room could be a good choice that can fit your needs and raise the resale value.
According to the Remodeling 2017 Cost vs. Value Report, the average cost of a family room addition is $89,566 and the average resale value this project adds is $62,055. That’s 69.3 percent of cost recouped.
How about a new entertainment area? If your home’s basement isn’t really in use, why not try to spruce things up? Consider a bar area for the basement if you don’t have one already. For these kinds of projects, it’s advisable to add space for refrigerator, a sink, and a new bathroom.
According to the Remodeling 2017 Cost vs. Value Report, $71,115 is the average price and the average value added is $49,768, with a recouped cost of 70 percent.
Adding a Second Floor
For a complex project like this one, you might want to seek an expert’s opinion before proceeding. For the second floor, additional bedrooms and full bathroom are a good choice. A deck can also be an option if you want an outdoor area with a view.
According to the Remodeling 2017 Cost vs. Value Report, the average cost of a huge project like this $176,108 and the average resale value added is at $15,222 which translates to a whopping 71.1 percent value recouped.
Adding Attic Insulation
While not as visually appealing or exciting as the other projects on this list, having an attic insulation is a big deal. It can help keep in more heat during the colder months and help keep the cool in during summer. The insulation makes your cooling and heating systems much more efficient which helps you reduce your energy costs.
According to the Remodeling 2017 Cost vs. Value Report, the cost for such a helpful project is only at $1,343, and it can add $1,446 of resale value, which is an astounding 108 percent of cost recouped.
For all these projects, make sure you have a plan ready along with the right tools. If you’re in need of new saw blades to get the job done, you can check out GilaTools.com for our wide selection!