Remodel and Recoup

Since home remodeling projects can cost as much as $50,000, consumers have a number of factors to assess before such a considerable undertaking. A few major reasons to conduct major remodeling include making life more comfortable, convenient, and aesthetically pleasing for the homeowner. It also is worthwhile if it adds value to the home and is likely to be attractive to future buyers. Projects that traditionally boost a home’s value and appeal include kitchen and bathroom remodels, and the renovation or addition of a porch, says Scott McCurdy of Coastal Reconstruction in Orlando, Florida. Since more homes are being designed for entertaining with the kitchen as a focal point, stainless steel appliances and granite countertops have boosted the modern appeal of homes. In the bathroom, rain shower heads and partial shower walls have become more common components of home upgrades. Using modern color paints and installing trims are likely to please homeowners, as will upgrading cabinets or tiling back splash. Stephen Gidus, co-owner of PSG Construction in Orlando, suggests two other remodel projects that boost value: the addition of storage space and a multipurpose room. Also, flex-space at the back of the house or upstairs is great. “Based on the size of the family and where they are in the growth cycle, it could be used as a playroom, recreation room, home office, exercise room, or entertainment space,” says Gidus. “And based on your budget, you could include built-in bookcases, entertainment center, fireplace, full- or half-bath, wet bar, under-counter fridge and a porch or lanai for outdoor living.” | Read More