There are many factors involved with placing a real value on a home. Size, location, and age are probably the primary things people look at when shopping for a home. They are also the primary determinants used by certified appraisers when placing a value on real estate for the purpose of securing a mortgage.
Many improvements can add value to a home, with an addition leading the list, but it’s important to take into consideration the return on investment.
Return on Investment
If you spend $20,000 on a new addition to your home and it adds $10,000 to the value of your home, your return on investment is 50%. If you spend $10,000 on new floors for your home and the boost in value is $9,000 then your ROI is 80% – much better!
Many home improvement experts, real estate brokers, and appraisers agree that new flooring is a wise investment in a home and usually has a very high ROI, comparatively speaking. If you take the time to shop for high quality and low price you can usually find materials that will suit your needs. You also want to make sure you deal with flooring experts and not a home-improvement warehouse. You’ll want to deal with experts in the field, not a do-it-yourself warehouse.
The first step in any home improvement is to figure out a budget and then talk with an expert about implementing your ideas into a successful project. Quality materials + professional installation = enhanced property value and a more pleasant environment for you to live in.
Top Home Improvement Projects for 2019
According to HGTV, the top home improvement projects that homeowners will take on in 2019 are:
- New Flooring
- Bathroom Remodels
- New Kitchen Remodel
- Room Addition
FMH Flooring has walked thousands of homeowners through new flooring projects and we would be happy to do so for you. We have added some exciting new lines to our inventory and you’ll want to come in and see how they might be a perfect fit for your project. Give us a call at 877-400-0213