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Direct added value to your home:
Finish out unfinished living areas
Upgrades to bathroom and kitchen
Add additional living area
All other items completed to home have negligible value added benifits in terms of Apprasial added value.
As a roofing contractor, of course I am going to suggest an upgrade to your roofing system. And that's not just a biased opinion either. Working with a lot of realtors in our area it has been proven that the roof can be as much as 40% of your curb appeal. Especially when the system incudes things like the right color drip edge on the rakes and eaves, and high profile ridge caps. Both of those items are relatively inexpensive and can make a very noticibale difference compared to homes that don't have them. Selecting the proper type of shingle of course also plays a huge role. About 95% of re-roofs these days use a standard architectural tpye compositions shingle but picking something from the designer line can realy make your home stand apart. Then again, other rof covering options besides ashphalt shingles can make an even greater impact.
As a GAF Master Elite Copntractor, we are partial to their line of products and I have included a link below to their designer apshpalt series.
I agree with Chris. The Cost vs Value report is the "go to" guide and is impartial. Personally, I like to focus on first impressions and curb appeal. Exterior dressings like corwn mouldings and simple shrub pruning is a great low cost way to give the home a wow factor.
Check out the 2018 Cost vs Value Report from Remodeling Magazine.
This will give you an idea of the average return on your investment in the region where you live.
The one factor it will not give you is number of intangibles you may receive from the project you're considering.
Make sure those are also part of your equation before making a final decision on the impact a remodeling project may make on the "value" of your home.
For both an existing and new construction home, the top three items that provide the greatest value and return on investment are as follows:
Additional items to consider include:
Step one, if you have siding use a insulated vinyl siding with silica gel. Replace your windows with a double or triple insulated window system. And third your doors are very important. When you do replacement anything you want the doors and windows to fit the space perfectly. We can do these things and more at Jarrett Industries.
The combination of answers above is pretty inclusive. The first responder's comments get you to the construction phase. I would add that recommendations from friends sometimes fall short if your project is of a different nature than theirs. Be sure your contractor has a track record in the type project you are considering.,
Our estimates list out detail of the work scope included and an overall cost. When moving to the contract phase we submit a schedule of values that will be used for percentage complete pay apps.
As far as the construction process, this would be our normal progression:
protection - provision for temp lighting if needed
demolition and temp arrangements for appliance usage if needed
framing of new walls, floors or beams
rough plumbing If needed
rough electric for lights, appliances etc
hvac or venting as needed
tile prep, underlayment
tile or hardwood installation
more protection before cabinets to protect finished floors
install trim (base/crown etc)
paint (sometimes this will move ahead of countertops)
provide & perform punch list
test electric, plumbing, appliance function
Note: inspections required vary by jurisdiction but for our area it will generally include foundation if an addition is involved, framing if structural changes, rough plumbing, rough electric insulation, final plumbing, final electric, certificate of occupancy.
Hope this helps
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The above are two good, and siilar in approach answers, but there are two issues it seems no one includes:
1) If you house was built before 1978 it must be inspected by a certified contractor or lead paint inspector for lead paint before a remodel is started. If found the paint, or paintd material must be prperly abated. This can be a significant cost item.
2) Most remodel items like tile, cabinets, and paint are considered minor and don't require it in most jurisdictions, but electrical, plumbing, HVAC, and structural modifications require permits and inspections. A homeowner can save money by omitting them, but if you get busted, you'l pay and you may be without a kitchen for a long time.
Southern Home Improvement, LLC
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