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Return on investment (ROI) is one of the most important aspects of home improvement, especially if you plan to sell your home within the next five to 10 years.
Many homeowners may choose to nix the ROI factor because they plan to stay in their home for life. They make every home improvement decision based on their needs and preferences.
For those with more moves in their future, ROI is more important and should be strongly considered before anything is removed, replaced or restructured.
The trick is understanding which parts of your remodel will offer you the greatest return on your financial investment. You probably won't make back the $5,000 put into a home theater room in your basement, but you may still be OK with spending the money because you'll get many great years of use out of it.
If there is remodeling in your future, consider what is selling in your local real estate market. Talk to Realtors and stay up to date on current buyer trends. Doing so will keep your home improvement decisions on track.
Smart Kitchen Renovations
The annual cost vs. value report from Remodeling magazine routinely finds that kitchens are the first room homebuyers consider when looking at homes. They also return about 66 percent of initial investments, according to the most recent report.
Improvements such as ceramic tile floors or new countertops in the kitchen are at the top of the list of smart remodeling upgrades. Refinish your cabinets if they are structurally sound, and consider upgrading your appliances.
Steps like this can help improve the value of your kitchen and home.
Quartz is all the rage in the kitchen remodeling space as more homeowners look to incorporate natural items into their homes.
Here are the main benefits of a quartz countertop:
n Nonporous surface that doesn't allow bacteria from food or drink spills to grow;
n Resistance to heat, providing you a functional prep and serving space; and
n Resistance to scratches to accommodate the activities of a busy family kitchen.
Quartz is also great for enhancing your home's overall design. Its natural color gradation and patterns lend it to be paired with bold, modern decorative accents in your design strategy.