Continuing uncertainty in the real estate market has homeowners asking a major question as the market warms this spring—is it smarter to move or to improve? Cost is the driving factor behind home improvement projects again this year, and it’s important to choose projects that will provide the biggest return on investment.
“Giving your home some added curb appeal with an exterior makeover will automatically boost the resale value of your property,” says Jeff Kaliner, Power Home Remodeling Group’s Founding Partner. “If you plan to stay put, focus on cost effective renovations that make your home more comfortable, functional and low maintenance for your family. Either way, enhancing your home this spring will help protect your greatest investment.”
Power shares the following tips to stay on trend with home improvements this spring:
• Energize your exterior – Exterior home improvements are king when it comes to return on investment again this year. Projects like updating siding, window replacement and refreshing entry doors can have a dramatic effect on your home’s curb appeal for a relatively low cost. In fact, seven of the top 10 home improvement projects for 2012 are exterior projects garnering anywhere from 69 to 78 percent return on investment—the highest of any other projects this year.
• Choose bold and bright finishes – Fiberglass entry and garage doors are a popular alternative to their pricey wooden counterparts in 2012. A fiberglass door is weather resistant, durable and, above all, maintenance free. This material allows you to achieve the stylish look of an elegant craftsman or rustic design with decorative glass at the fraction of the price. Bright, bold exterior colors are also popular this year. Make your curb appeal pop by choosing a shade of tangerine, yellow or deep purple for your entry door to give your home a cheery look heading into spring.
• Energy efficiency is still supreme – The top green home trend for 2012 is renovating to reduce your home’s heating and cooling costs. Making the most of an empty attic space by adding a bedroom, or at least finishing it with insulation, is a great way to keep conditioned air from escaping through the roof. Updating the attic also happens to be this year’s third most cost effective home improvement, garnering a whopping 72 percent return on investment, and adding living space without increasing the home’s footprint is an eco-friendly way to gain more square footage.