House Projects that Add Value

Written By Julie Colmar

1. Kitchen:
Yes, the kitchen will always be the best bang for your buck as “it is the heart of the home” in our culture. Most minor kitchen remodel projects in Madison are seeing a70% ROI. Here are some smaller upgrades that can make a big difference:

  • Replace the Hardware (Black, Gold or Brushed Nickel are all solid choices depending on your decor.)

  • Update Kitchen Appliances (stainless steel is still the most desired, but black is having a comeback. Keep all the appliance finishes the same. Middle of the road prices typically have the best ROI.)

  • Update the Kitchen Faucet, Sink and Counters (quartz countertops are highly desirable)

  • New Light Fixtures and Adding Backsplash (classic solid color subway tiles are always a great choice!)

2. Bathrooms:
Yes, still a #2 item for most home buyers! In fact, bathroom remodels in Madison are seeing a 60% ROI. Again, if a complete renovation isn’t in the budget, consider new light fixtures, faucet, paint & regrouting tile.

3. Curb Appeal:
I can’t say enough about the effects of simple landscaping upgrades! Most mid and low-level landscaping projects will recoup over 100% of their value, especially if done in the front of the house! Another consideration is replacing an old garage door, which in Madison is getting a 90% ROI. Lastly, a simple one is replacing old house numbers, it’s amazing how this one small action can improve the look of your home!

4. Energy Efficiency:
Most buyers are noting the age of the furnace, AC, water heater, roof and windows in a house. With energy use a common discussion, it is crucial to replace older models with highly efficient ones. Most of these projects will see a 70% ROI in the Madison area.

5. Deferred Maintenance:
Now is the time to slowly chip away at those smaller projects that have been on your To Do List. If there is a long list of deferred maintenance, it leaves a very bad impression for the buyer. Call the contractor and get that punch list taken care of while you can enjoy the results!

Lastly, reach out if you want to run ideas by me, I love helping homeowners consider the ROI of their remodeling projects!

Julie Colmar
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