The winter months are a great time to think about remodeling projects for your Rochester-area home. Normal outdoor construction tends to slow a bit and that means quality builders are more available for indoor projects.
But which projects make the most sense for your home? There may be some projects you have to take on simply because your needs have changed. If you have kids that have gotten older and need more space, a home addition may be the obvious choice. But if there are other areas of the house you’ve been thinking about, which one’s will give you the most bang for your buck?
The 2014 Cost vs. Value Report (www.costvalue.com) provides an overview of what a variety of home renovation projects in the Rochester area cost—and what kind of return they provide on the money you invest (the money you’ll get back out if you sell your home). They cover a wide variety of projects, but let’s look at just a few midrange projects here. Bear in mind that these are average figures.
|Project Type||Cost||Resale $||Recouped|
|Attic Bedroom Remodel||$48,792||$25,545||52.4%|
|Family Room Addition||$79,500||$34,667||43.6%|
|Major Kitchen Remodel||$54,231||$31,667||58.4%|
|Minor Kitchen Remodel||$18,587||$10,500||56.5%|
|Home Office Remodel||$27,596||$ 9,045||32.8%|
|Two-Story Addition||$152,978||$ 63,636||41.6%|
As you can see, there’s a fair amount of variety in costs and in return on investment (ROI). But the ROI is only part of the story. What it doesn’t reflect is the comfort and enjoyment you receive from living in a newly remodeled home. And while a project such as a home office remodel doesn’t generate as much money at resale, if it allows you to work from home efficiently, it can be worth a considerable amount.
These are just a few of the projects you might consider. And if you’re concerned about remodeling during the cold winter months, rest easy— we’ve developed an approach that allows side, back, and second-story additions to be completed while your family remains in the house throughout construction process!