Recently, the interest in home remodeling among homeowners has increased significantly. Remodeling activity led to a home renovation market value of $763B and a recorded CAGR of more than 4% in 2020. And the market only keeps growing.
This is no surprise given the many advantages of home makeovers like aesthetics and comfort. However, it would be best if you focused on all the essential details to make the most of it.
Renovation companies in Saint Petersburg, FL, like H.E. Feldman & Son, recommend knowing the value your renovation will add to your home. Read on to discover the most profitable renovation projects.
Garage Door Replacement
For years, garage door replacement has topped the list of home improvement projects with high ROI. It is undoubtedly the most profitable renovation project as it has a low cost but drives home value upward.
A new garage door is also appealing for other reasons. First impressions matter most, and a beautiful garage door increases the visual appeal of your home’s outdoor space.
As a result, home buyers are willing to spend more on your home. Of course, advanced safety also plays a role in the process.
Manufactured Stone Veneer
Along with garage door replacement, manufactured stone veneer has enjoyed a spot among the most profitable renovation projects for years. This material instantly beautifies a house, especially when installed on the exterior.
Remember that you don’t need to switch your entire exterior to stone veneer. Instead, you can highlight only parts of the house. A classic choice is installing stone veneer for your entryway and colored wooden planks for the rest of the exterior.
Most first-time homeowners underestimate the importance of fully-functional windows.
Windows play a prominent role in energy efficiency, safety, health, and visual appeal. The value your new windows will add to your home will depend on the window type and material. For instance, vinyl windows have a higher average ROI than wooden windows.
Home buyers love neat outdoor areas, ready for relaxation and entertainment. But, as with windows, the material you choose for your deck will influence the total added value.
Hardwood has always been a standard material for decks, and we recommend you stick to that option. However, you can always spice up your outdoor space with other materials and achieve similar results.
Mid-range Kitchen and Bathroom Remodels
When it comes to kitchen and bathroom remodels, minor or mid-range upgrades have always been better than large ones. The numbers always show that these are more profitable for homeowners. They are less expensive than major remodels but achieve a similar climb in value.
However, a mid-range kitchen revamp is more profitable than a bathroom one. On the other hand, if you want to make the bathroom a focal point, you can also consider a bathroom makeover, which also has a high ROI.
Choose The Best Renovation Company in Saint Petersburg, FL
The key to a successful home makeover is working with experienced and trustworthy contractors. At H.E. Feldman & Son, we offer comprehensive home makeover services, including:
- Kitchen remodels
- Bathroom remodels
- Commercial remodels
- Full home makeovers
Our highly qualified designers and builders will help you create the property you’ve always dreamed of.
Contact us via our online form or call us at 727.409.3873 for a free quote.