How Can Luxury Home Remodeling Improve Your Home Value?
Luxury home builders in Oahu agree. Construction, renovating and remodeling can be exciting but challenging.
There are also reality checks. While some renovations are for enjoyment, others to add value to the price of the home. Some do both.
Popular remodeling and renovation features can include special touches like lanai balconies and appealing amenities like sprawling, Hawaii-style wraparound decks, spacious family rooms, arched windows and doorways, rounded interior walls, and curved walkways or halls.
Luxury home builders in Oahu explain the four types of reno projects:
the basics
curb appeal
best bang for the buck
passion projects
Not all translate into added home value or a high return on investment.
The basics include the roof replacement. If the shingles are buckling, curled, or missing altogether, it’s time for a new roof that doesn’t leak and has functioning gutters and downspouts. Also, a reliable furnace and A/C are important.
Curb-appeal features include a well-manicured front and backyard, low-cost landscaping, fresh paint inside and out, clean carpets, and even subtle touches like new address numbers. Beware! Extensive landscaping may also warn off potential buyers. As lovely as your property may look with all the horticultural niceties, not everyone wants to devote their free time to the upkeep of groomed walkways or myriad beds of flowers.
Best-bang-for-the-buck amenities (with good return on the investment) include projects like new siding, kitchen and bathroom renovations, and new windows.
Passion projects include gazebos, swimming pools, tennis courts, hot tubs, wine cellars, and game rooms.
But when it comes to the most popular renovation or remodel projects, luxury home builders in Oahu agree: it’s bathrooms and kitchens!
Crunching numbers show that homeowners can recover as much as 75% of their investment from remodeling kitchens and bathrooms. An even higher return if remodeling an older, outdated kitchen. This will include upgrading cabinets, appliances, the flooring and even the sinks and faucets.
A bathroom remodel---replacing an outdated vanity, old plumbing and lighting fixtures or adding a new tile floor---will guarantee a lot of bang for the reno buck and also give the bathroom an updated, modern look.
A deck is not a cheap investment, but it pays off. It adds a feeling of more usable space. About 80% of the price of the deck can be reflected in the new value of the home.
Interior details and touches are important. Luxury home builders in Oahu point out that natural wood tones are a popular standalone trend. After years of all white kitchens and paired with dark or grey flooring, natural wood tones are seeing a big resurgence in home remodeling.
There are emerging features which may not directly increase value as much as underscore the home as modern and up-to-date. Embracing smart home technology makes a difference. Smart devices like security cameras, smart locks, smart thermostats and water leak detectors. They’re easy upgrade and market research indicates that homebuyers are looking for smart devices in a home for convenience, energy management and enhanced security. Contact us to know more details.