If you are looking to sell your home or add value to it, you may be looking to see which Tucson remodeling projects can add the most value. Here are a list of the projects that added the most value to homes in 2011. However, it is important to note that the value can depend on the products you select, the condition of the rest of your home and what buyers in your neighborhood expect. For example, if you upgrade the kitchen and use high-end finishes, you may not recoup those costs in a starter home, or lower priced neighborhood. However, if you have an expensive home and you install laminate countertops, buyers may be turned off by the cheap finishes and want more. Therefore, before you move forward with any renovations, it is important to ask both a contractor and a real estate agent what upgrades are best for your home. |
Replacing The Entry Door:
The Tucson remodeling project that gives you the most bang for your buck is swapping out your entry door with a steel entry door. On average, steel doors cost about $1250. However, buyers love them because the are secure and energy efficient. Doors and windows are the number one cause of air seeping out of a home. A steel door stops that from happening.
Finishing an Attic:
Turning an unfinished attic into a bedroom has a high rate of return. If there is enough space, adding a bathroom to the area and making it a suite has an even higher rate of return. This is because this adds additional living space to your home, which always increased the value of a home. However, before you do this, you need to consider the amount of space that your home already has and the standard in the neighborhood. If you live in a neighborhood full of starter homes, turning a three bedroom house into a four bedroom house likely isn't something that buyers will be looking for in your neighborhood. However, if you live in a neighborhood with starter homes and you only have two bedrooms, adding a third bedroom in the attic can substantially increase the value of your home and make it more appealing to those looking for a home in your neighborhood.
Minor Kitchen Remodel:
Buyers are looking to purchase move-in ready homes. They want a home that has an upgraded kitchen and bathrooms so they do not have to make any renovations in the future. As such, a Tucson remodeling project in an outdated kitchen can help increase the value of a home or help it sell faster. A minor kitchen remodel includes swapping out dated cabinets, installing new countertops, and upgrading to stainless steel appliances. A minor upgrade does not involve changing the layout of a kitchen or opening up the walls. It is often difficult to recoup the money it costs to change layouts and tear our walls. As discussed briefly above, always make sure that the materials you are selecting are appropriate for your home and neighborhood to ensure you are making wise purchases and changes.
Outdoor living is becoming very popular. More homeowners want some sort of outdoor space where they can place a dining table, conversation set or their barbeque. When it comes to giving them this space, you can use a deck, concrete patio slab or paving stones. A deck is the most sought after of these spaces and also allows you to recoup more money for this Tucson remodeling project. In many places, vinyl is the preferred decking material. However, due to the good weather and relatively dry conditions in Tucson, wood is the preferred material there. That works out better, since wood is the cheaper material.
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