Category Archives: home projects that add value

5 Home Projects that Increase Your Home Value

kitchen and dining room with island, table, and laminate floorsIt’s the most wonderful time of the year—not Christmas—tax return time.  If you’re sifting through ideas of ways to spend your tax return, look around you (literally!) for worthy investments of your money and time.  Some home projects can give you a return on your hard-earned dollars in the way of home value.  To make sure you’re spending your tax return dollars on home updates that give you a significant return, use this guide to select your next home remodeling project that makes cents.

Hardwood floors

Hardwood floors are near the top for many home buyers; that demand is part of the reason that new hardwood floors can increase your home value.  Traditional hardwoods or engineered hardwoods are the two most common choices.  There are other advantages to installing hardwood floors too: they’re durable, can be refinished as needed, and come in a variety of styles perfect for any home (come see!).

Bathroom face lift

bathroom with tile floor that can handle waterA new vanity, tiled shower, white toilet (no colored toilets!), and a new floor can do wonders for the look of your bathroom AND for the value of your home. We’ve seen statistics that have put the return on investment in the 80% range, a favorable return for your tax return.  Even a small investment of time and funds into a half bathroom (or adding a half bathroom) can increase the value of your home.

Kitchen remodel

Bathrooms and kitchens sell houses, which is why an updated kitchen is a solid investment of your tax return.  To get the most for your dollar, research your area to make sure you don’t overspend on your kitchen remodel.  While you would love to have a gourmet kitchen with all the bells and whistles, from an investment perspective, you won’t get the most of your dollars if you invest too much for your area.  New cabinets (or refaced is the cabinet boxes are still sound), new back splash, counters, and a new floor (or whatever combination of these items are needed) can get you a return on your tax return investment.

Finished basement

carpet in basement that can handle basement moistureAdding finished square footage to your home is always going to lead to a higher resale and home value.  Finishing all or even part of your basement into a family room, media room, or bedroom (or all of the above) can give you more space when you need it.  Drywall, new floors (options for basement flooring here), and finishing touches (i.e. shelves, curtains and blinds, etc.) give you more functional room and an increase in your home value.

New deck/patio

Outdoor space is a priority for all us; after all, an outdoor grill out is one of our favorite pass times.  That’s why building a new deck or sprucing up your patio with a fresh look (more outdoor ideas here) can boost the value of your home.

4 Home Improvement Projects that Add Value to Your Home

remodeled kitchen that adds valueThousands of home owners make the leap into home remodeling and renovations every year.  Not every homeowner takes their decision a step farther, and evaluates the return on their investment. If you’re one of those fiscally conscious home owners trying to decide where to put your home improvement dollars to best use, we’ve compiled a list of the top home improvement project that can get you more than a 90% return (on average) on your investment at resale.

Updated kitchen

Renovating or updating your kitchen is dollars well spent from a home equity stand point. How much you should do is open to interpretation, however. If you are updating your kitchen to sell your home, make sure you don’t put more money in than you’ll get out of the project. Make updates that are appropriate for your neighborhood so you can avoid the pain of losing thousands of dollars because you put in high end counter tops and floors. If you are planning on staying in your home, update your kitchen to your preferences—just be aware that not all of your $75,000 investment may translate into home equity (dependent on your area).

kitchen back splashOnce you’ve done your research, plan and design your kitchen accordingly. Replace cabinets that aren’t functional, update your counter tops, and add a back splash to give your kitchen a cohesive look. If your flooring is “so 20 years ago,” have a timeless option installed or install one these DIY flooring options yourself.

Bathroom

“Kitchens and bathrooms sell homes” is the common saying. It applies to real estate transactions and home equity. If you have a bathroom with broken tiles, worn cabinets and disgusting flooring, roll up your sleeves (or hire someone to dig up their sleeves) and give your bathroom a complete face lift. Your labor does pay off, as long as you are smart about the amount you invest in your bathroom remodel.

Finished Basement

Any time you add square footage to your home, you’ll see an increase in square footage. If you’re thinking of adding that square footage in your basement, make sure you repair all water issues to reduce your chance of damage from flooding or water leaks. When finishing your basement, remember that you need to be more selective choosing your flooring than in other rooms. Wood is not recommended because your slab is porous; we’ve given you a complete list of other stylish options in our recent blog post.

Finished Attic

bed and night table in attic bedroom that adds valueFor a good investment, turn your attic into a bedroom or master bed and bath. A finished attic bedroom gets you the best return on your investment. If you’re considering including a master bathroom to your plan, contact a plumber for a project quote; adding plumbing can be a significant investment and can reduce the return on your investment from a home equity stand point.

If you’re looking for other ways to increase your home equity, consider building a deck or installing a patio; both projects add some value to your home. Even adding wood floors to your home can give you an uptick in your value. If you’re considering wood floors, make sure you do your research to find out if wood floors what to expect from your new floors and contact experts for information and pricing. A little expert help can make you look like an expert when you assess your new increased home value.

4 Resolutions for your Home You Can Keep

Home Sweet Home Showing Welcome Friendly Invitation New Year's resolutions for the homeIt’s that time of year of again: the time when we make promises for improvement in the New Year. We’ve all heard (or made) the most common New Year’s resolutions: losing weight, saving money, eating better. And while it is fun to follow the crowd, are you looking for a resolution focused on “where the heart is,” your home? Or are you looking for a New Year’s resolution that you can (actually) keep? If so, we’ve compiled a list of New Year’s resolutions that you can mark off your list easily—and be proud of the results.

I will put install new flooring myself!

DIY laminate floorFor friends of ours, the “straw that broke the camel’s back” was the last Jell-o stain from their young children’s dessert. They were tired of the neutral-colored carpet in their dining room, and sick of cleaning up the spills. They decided to install laminate because the flooring could take the daily messes, and dinner messes that go with toddlers and children. Once they were sure of their flooring decision, they ripped up the old floor and installed their new, easier-to-clean laminate flooring in just a day.

If you’ve been wishing for new flooring for a long time, and have some basic handyman skills or a lean budget, consider flooring you can install yourself, such as laminate or luxury vinyl plank flooring (there are other options we’ve listed here). Consult the experts before you buy your DIY flooring to make sure the type of floor works well for your space and for any tips for installation. If you are buying for a large space, consider purchasing a large quantity of flooring at a discount.

I will add value to my home.

wood flooringThere are many different ways to tackle this New Year’s resolution—but the key is to finish whatever project you start. Commonly, a project is only included in an assessment of your home if the project is done. Projects that add value include (but are not limited to) bathroom and kitchen remodels, finishing a basement or attic, or adding wood floors to your home. If you decide to take on any of these projects, consult your local flooring experts to make sure you choose the flooring that works for your project; there are different flooring products that work better in certain areas, such in a finished basement.

I will get my carpets cleaned.

A professional carpet cleaning can give your carpet a deep clean beyond any spot cleaning. We’re not talking about renting a cleaner from the store; a professional carpet cleaning goes beyond, removing all the stains you can see and can’t see. If you have allergies or other respiratory issues, you should have your carpets cleaned on a regular basis to remove any allergens for your home. The best part of a professional cleaning is you get results without having to lift a finger (or dump dirty water or…). Just pick up the phone and schedule a carpet cleaning with a local carpet cleaner with experience and a good track record. Effortless and done—and a New Year’s resolution you can check off the list easily.

I will finish my basement.

An unfinished (waterproofed!) basement is a space full of potential. It’s just waiting to be turned into a family room, game room, bedroom, work shop…whatever you want it to be. If your basement is like most American homes, your basement walls and floor is concrete. Though durable and affordable, concrete is porous, allowing moisture to seep through the floor and walls. Because of this, one flooring not recommended for basements is solid wood flooring. Don’t fret; there are other options with the look of wood, without the buckling and warping that can occur because of moisture in a basement. Engineered hardwood, vinyl plank flooring, carpet and laminate both can be installed in basements without any chance of warping. If you have any questions about any of these kinds of floors, or want to see your options so you can get the job started, stop in at any of our Y’s Way Flooring locations. We’ll help you get your New Year’s resolution started, so you can get it done—and marked off of your list.