Top 5 Interior Design and Remodeling Investments

Any interior design and remodeling project is an investment in your home. Which ones have the best return?

The bursting of the housing bubble has depressed real estate values, and made it much harder for homeowners to sell and move up to a larger house with more amenities. This has made renovating a popular option, because the odds are good that it will increase the value and marketability of the home in the long run.

But some renovations have a better payback than others, and the amount will depend on your specific location. So which home renovations are worth your time and money?

 

Siding ($4-$21 per square foot) - Recoup: 87%: The return on siding is high because of its relative cost to the value of your home and its ability to make your home look new again. Another attractive feature is that there are sidings available that are zero maintenance.

Windows ($25-$60 per square foot) - Recoup: 85%: In addition to sprucing up your home's exterior, new windows can substantially improve the energy efficiency. This is a big selling point, as the cost of heating and air conditioning has continued to soar.

Bathroom Remodel ($5,000+) - Recoup: 70-85%: While a coat of fresh paint will do wonders for the interior of a house, there's no way to cover up old sinks, bathtubs and fixtures. Today's buyer is looking for molded sinks, marble vanities, ceramic tile, whirlpool baths, unique lighting and modern fixtures.

Kitchen Remodel ($7,500+) - Recoup: 75-80%: If you're on a limited budget, the choice between remodeling a bathroom or kitchen should probably be based on which one will give you the most pleasure and satisfaction. You will recoup roughly the same percentage of your cost on either one.

Master Bedroom Suite ($115 - $200 per square foot) - Recoup: 75%: Older homes benefit the most from this addition, whether you are remodeling an existing bedroom or adding a new one. In many cases, a master bathroom will be added at the same time because of the cost efficiencies that result.

"Top 5 Home Renos For Your Money" by Michael Sanibel