In this uncertain economy, one thing is certain: homeowners will stay put. Harris Interactive polls found that most people are not planning to move in the near future. This shift from selling to staying is why homeowners should consider resale values when making home improvements.
Lori Dennis, a Designer and HGTV Personality, explains. “People today are looking more holistically at home remodeling, choosing projects that add comfort, efficiency and functionality.”Three projects stand out in this new era for home improvement.
Window Replacement
Windows are the best way to improve the appearance and feel of a house. They can be seen from both inside and out and can provide comfort by keeping drafts at bay and regulating temperatures. They are also a good investment. Energy-efficient windows have made it possible for homeowners to save as much as 30% on their energy bills. They also help homeowners recoup around 70% of the cost associated with window replacement. Window designs of the future combine aesthetics, energy efficiency, and durability. For example, the Milgard Essence Series is Energy Star-rated and has a beautiful wood interior as well as a durable fiberglass exterior.
Outdoor Spaces
The American Institute of Architects has found that over 60% of architects report an increase in outdoor living space requests. Patios, sunrooms, sunrooms, and other outdoor spaces can enhance both the property’s value as well as the enjoyment of homeowners. Your outdoor addition can be repaid 50-75 percent.
Kitchen Remodeling
The kitchen is the heart and soul of the home. It’s the place where you can set the tone for style as well as functionality. Natural lighting and an island/peninsula are two of the most popular ways you can expand your kitchen’s work space. Modern kitchens feature drawers and cabinets that can open, organize, and spin in convenient ways. The average homeowner can recover 70% of the cost of their kitchen remodel.
For more remodeling tips and window-replacement budgeting tools, visit www.milgard.com/lp/smart-investment.