Tag: US home remodeling

  • 10 Winter Home Improvements That Are Worth The Investment

    ChecklistWe hope everyone had a memorable Thanksgiving Day last week and enjoyed the long holiday weekend.

    With December officially upon us, residents can expect temperatures to continue to dip as we head into the New Year.

    So today, we wanted to share with you some relatively easy home improvements that you can make that will save you money during the winter months.

    Home Tips for Saving Yourself Money This Winter

    Here are 10 home improvements that you can make this winter that will save you both money and energy:

    Caulk around windows and doors, making sure that all cracks and holes are sealed. This will keep the cold air out of your house, which will keep your heater from working overtime. If necessary, you might also consider adding or replacing weather stripping.

    Add area rugs to your tile and wood floors. This creates an extra layer of insulation in your home and also makes it easier to walk around your home in bare feet during the winter time.

    Install glass doors that close off your fireplace. This will not only keep cold air from coming down and through your house but it will also prevent warm air from escaping through the chimney. Also, if you use your fireplace, make sure to close the flue when you’re finished.

    Insulate your attic door. For instance, you can buy covers for your attic staircases or openings. This will actually help you reduce energy costs all year long.

    Cover your windows. Even if you don’t have storm windows, you can create your own with a window insulation kit. And inside your house, consider using insulated drapes.

    Buy Insulated Garage Doors and Exterior Doors. Typically, the garage doors that come with most homes aren’t insulated. You can change that to save on energy costs.

    Add insulation to your home throughout. This includes in the attic as well as the crawl space, garage and basement. Experts recommend that you add insulation if you haven’t done so in more than 20 years.

    Reverse Ceiling fans. Some people may not be aware of this but you actually have the option of reversing your ceiling fans. Running them counterclockwise makes it cooler during the summer months but by making them clockwise, they will circulate warm air back into the room.

    Replace your furnace filters. Just like with anything else, dirty furnace filters will make it work less efficiently. Generally speaking, filters should be changed every month during the heating season.

    Replace your outdated furnace altogether. If your furnace is older, you might consider purchasing a newer unit that is going to produce more heat with less energy. Just make sure that you get the right size for the space you have.

    If you want to take your home-savings even further this winter, you can check out the U.S. Department of Energy’s do-it-yourself energy audit on their website. Or you can call a contractor and request a professional audit.

    Offering You National Home Advice You Won’t Find Anywhere Else

    We hope you found this information helpful as a current home owner.

    Please be sure to check back soon as we continue to provide you with useful and relevant real estate information!

  • Home Improvements That Pay Off When Selling Your Home

    Home RemodelingNot all home remodeling projects are created equal – especially when you’re trying to get the biggest bang for your buck when it comes time to sell your property.

    So before you spend thousands of dollars on that home remodeling project you’ve been dreaming about, make sure that you’re armed with the facts first.

    Today, we’re going to tell you which of the most common home renovation projects are worth the investment, and which ones you’re better off doing without. The answers may surprise you.

    Roofs and New Siding: Not Very Glamorous but Quite Impactful

    Remodeling Magazine reports that you’re more likely to recoup your investment on such features as your roof or your siding than you are on bathroom or kitchen remodels.

    In fact, siding replacement recouped 92.8 percent of its investment while roof replacements recouped 90 percent or more at resale.

    Roof replacement appears to be most important to buyers in the east, with home owners recouping an average 96.3 percent of the cost. In the Midwest, that average return was around 71.1 percent.

    That’s because home buyers care more about the overall structure of the home than they do about an aesthetically pleasing kitchen.

    What’s more, a recently replaced roof or new siding tells buyers that their maintenance costs are going to be low to non-existent for the first few years. And it’s impossible to understate how important that is to buyers.

    Kitchens: A Sound Investment or Not?

    The consensus is unanimous: Kitchen remodels are an excellent way to spend your home renovation dollars – but only if you don’t spend too much out the gate.

    In fact, minor kitchen remodels (in the ballpark of $15,000 or less) returned 92.9 percent of the investment. That number dropped off on bigger remodeling projects in the kitchen.

    Some features to focus on in the kitchen include all wood cabinets, commercial-looking appliances, stone floors and stone counter tops.

    How About Bathrooms?

    Bathrooms are also a fantastic place to invest your home remodeling dollars. Often, home owners are pleasantly surprised to discover that they get a 100 percent plus return on their investment.

    For instance, a $9,400 bathroom remodel in Baltimore recently recouped 182 percent of its cost at resale.

    Some features that you may want to focus on during a bathroom remodel include floor-to-ceiling steam showers and walk-in showers.

    And if you only have one bathroom in your home, spend your money on adding a second bathroom instead of remodeling the only bathroom you have.

    Don’t Forget To Consider Your Home’s Curb Appeal!

    People often focus their remodeling dollars on the inside of the home but the exterior is just as important – if not more so.

    After all, a potential home buyer will form an opinion about your home before they ever step foot inside.

    Perhaps that’s why adding siding is such a sound investment when you look at the return you could get at resale.

    Another way to make sure your home has adequate curb appeal is by adding a front porch or other architectural features to make your home more inviting.

    Give Buyers Extra Room to Grow

    Finally, consider adding another room to your home during a remodeling project.

    We’ve already talked about the benefits of adding a bathroom. But the same principles hold true for other room additions as well.

    In fact, for every 1,000 square feet added to a home, your sales price will increase by more than 30 percent, according a 2005 National Association of Realtors study.

    One caveat to this rule: Don’t add so much extra space that your home becomes the most expensive home in the neighborhood. That’s a sure way to turn off home buyers.

    Just a Few More General Notes About Home Remodels

    RS1551_shutterstock_983846-lprRegardless of what type of project you select, remember that the following factors will also help determine your return on investment:

    • The Value of Your Home
    • The Value of the Homes in Your Neighborhood
    • The Housing Market You’re Located In
    • How Soon You Sell Your Home After the Home Improvement Project
    • The Quality of the Home Improvement Project

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    Hopefully you learned something today about home remodeling projects and how much they really benefit you as a prospective home seller.

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    Have a great day!