Part of owning investment property is making necessary improvements. Exterior improvements make a positive first impression, while interior renovations help create a comfortable home. In the Boston area, there are many home improvements that build equity and bring a handsome return on investment (ROI). Below you’ll find six remodel ideas for your investment property.
Garage Door Replacement
Leading the list of top home improvements for ROI is garage door replacement. Besides the obvious curb appeal, this renovation can improve security and energy efficiency. Garage doors are available in a variety of materials and styles, including:
- Contemporary glass and aluminum
- Carriage house style
- Raised panel
In the Boston area, a new garage door brings in an average of 106% ROI. That’s a home improvement worth considering!
Landscaping is a relatively inexpensive way to improve the resale value of your property. For example, you can replace unsightly weeds and overgrown shrubs with colorful flowering perennials of varying heights. With an average cost of $3,500 for landscaping and $1,500 for 1,000 square feet of sod, the 100% ROI makes landscaping an attractive option.
Siding replacement can be pricey, but the 79-80% ROI certainly helps. Vinyl siding is easy to clean and maintain and is available in many styles, from clapboard to scalloped. Regular pressure washing will keep vinyl siding looking fresh for years.
Durable and relatively maintenance-free, fiber cement siding is an attractive alternative to wood or stucco. You don’t have to worry about termites, moisture, or fire with this siding. Whether you chose vinyl or fiber cement siding, you will be adding curb appeal as well as resale value to your property.
New windows are a great way to update and refresh a home’s exterior and exterior appearance. Vinyl or wood replacement windows can add value to a home in several ways:
- Curb appeal
- Energy efficiency
- Reduced carbon footprint
For Boston-area property investors, vinyl replacement windows provide a 78% ROI. Wood replacement windows typically bring in 71% ROI.
Minor Kitchen Remodel
If you’re happy with your property’s curb appeal, you may want to opt for a kitchen renovation. After all, the kitchen is a central part of home life. Could your cabinets use a touch-up? A minor kitchen remodel can result in a 67% ROI in the Boston area. Examples of minor renovations include
- New cabinets
- Painted cabinets
- Granite, stone or glass countertops
- Recessed lighting
- New backsplash
- New faucets
Minor Bathroom Remodel
A bathroom can be a calming personal oasis, so it deserves attention. Whether it’s a fresh coat of paint or a new tub, a minor bathroom remodel can provide a 60% ROI. The smallest touches can make a big difference in a bathroom. Examples include
- Tub replacement
- Reglazed tub
- Painted walls
- Tile surround
- Shower doors
- Updated Fixtures
Talk to a General Contractor
At R.H. Blanchard we’re happy to help with exterior and interior home improvements that build equity. Ask us for a free consultation, and find out about our 15-plus years of general contracting experience.