In recent years, Arvada has seen a surge in new home construction and remodeling projects. This surge of job opportunities in the home improvement sector has resulted in many businesses specializing in this type of product and service. Arvada has become home to several large home improvement retailers and small local businesses. The city also has many highly-rated home improvement contractors.
It’s no secret that home improvement projects can be a great way to increase the value of your home. However, some projects offer a better return on investment (ROI) than others. Whether you’re looking to increase the value of your home or spruce up your living space, here are eight home improvement projects that offer a high ROI. Read on for more information about these smart home improvement investments.
1) Replacing Old Windows
Replacing old windows can help you save money in the long run. Not only can new windows provide better insulation, but they can also give your home a more modern look. Additionally, they will help to reduce energy bills and increase the value of your home.
Look for windows with a U-Factor rating of 0.3 or lower, which indicates that the window is highly insulated and won’t allow much heat to escape. It would help if you also opted for triple-pane glass as this offers excellent insulation and soundproofing than double-pane windows. Also, look for windows with low-emissivity (Low-E) coatings, which can help further reduce heat transfer and UV damage.
2) Replacing an Old Roof
If your home’s roof is over 20 years old, it’s time to consider replacing it. It may be tempting to put off the repair, but an old roof can lead to numerous problems down the line. Plus, replacing your roof can offer up to a 75% return on investment. You should find an experienced and reliable Arvada roof repair contractor for your project. It’s essential to select a high-quality roofing material that will last many years and withstand the harsh Colorado weather.
We recommend National Home Improvement, Inc. for roof replacements and repairs. They are a reliable name that offers competitive prices and top-notch materials for all roofing projects.
3) Adding Attic Insulation
Attic insulation helps keep the temperature inside your home more consistent and reduces energy costs. It also prevents air leaks, which can lead to drafts and discomfort.
When it comes to attic insulation, there are many different materials and types to choose from. The most common options include loose-fill insulation (like fiberglass, cellulose, and rock wool), rolled insulation, spray foam insulation, and rigid board insulation. Whichever type you choose, make sure you select one that’s suitable for your climate and area.
Adding attic insulation can offer a great return on investment (ROI) when it comes time to sell your home. Proper installation could save up to 50% of the cost of adding insulation when you sell your home.
4) Adding or Upgrading the siding
Replacing siding can increase the value of your home by as much as 4.5%, so it’s worth considering if you’re looking for a high return on investment. Depending on the material you choose, the installation cost can vary significantly, so it’s important to find the right option for your budget.
You can find several materials to choose from, including wood, fiber cement, vinyl, and stucco. Each material has its own advantages and disadvantages, so it is important to do your research and find the one that’s best for you. For instance, fiber cement siding is more durable and requires less maintenance than wood, while vinyl siding is affordable and low maintenance.
5) Adding or Upgrading Gutters
Gutters are essential to your home’s exterior as they help protect it from water damage and boost your home’s curb appeal. On average, adding or upgrading gutters can cost between $1000 – $3000, and you can recoup an estimated 80-90% of the cost. The exact ROI depends on the type of materials you choose and the size of your house.
When installing new gutters, choose durable and easy-to-maintain materials. This could include aluminum, copper, vinyl, or galvanized steel. Depending on the material you select, new gutters can last up to 20 years. When repairing your existing gutters, you can patch leaks, tighten or replace fasteners, adjust downspouts, and reseal joints.
6) Landscaping
If you are considering a landscaping project, some simple improvements can offer a great return on your investment.
- Adding fresh mulch around trees and flower beds helps keep plants healthy and neat.
- Planting new bushes and trees can help create a beautiful landscape that can add value to your home.
- Installing pathways or edging around your yard can give it a neat look while helping to define different areas in your outdoor space.
- You can also add outdoor lighting to highlight landscaping features and improve safety around your home.
7) Painting the Interior or Exterior of Your Home
A fresh coat of paint can make your home look brighter and more inviting and make it more attractive to potential buyers.
For interior painting, the cost will depend on the size of the room and how much prep work needs to be done. Generally speaking, you can expect to pay anywhere from $1 to $3 per square foot for basic paint and labor. The cost could be higher if you decide to upgrade to higher-quality paint.
The cost of exterior painting will depend on how many stories your home has and the amount of prep work needed. You should also factor in the cost of paint and primer when budgeting for this project. On average, you can expect to pay anywhere from $1.50 to $4 per square foot for exterior painting.
8) Adding a Deck or Patio
Decks are great for outdoor entertaining, while patios can provide an inviting area to relax and enjoy the outdoors. While these projects tend to be more expensive up front, they can offer a great return on investment if done correctly.
Wood decks are typically the least expensive option, with materials ranging from $15-$35 per square foot. Composite decks and patios, while more costly up front, usually offer a much higher return on investment than wood decks due to their longer lifespan. Composite materials typically range from $20-$45 per square foot.
You can also consider adding a screened-in porch or sunroom for high ROI. These additions provide an extra layer of protection from insects and other pests and a comfortable place.
Conclusion
Home improvement projects can be expensive, but they don’t have to break the bank. Investing in any of the above home improvement projects can offer a high return on your investment, not just financially but also in terms of adding value and enjoyment to your home. Keep in mind that not all home improvement projects are created equal, and the ones that provide the highest return on investment are usually focused on improving the overall appearance and functionality of the house. With careful planning and budgeting, you can ensure that your home improvement projects will result in a positive return on your investment.
