Homeowners like you want to make certain that a home remodel will not only add to their quality of life but also add to the value of their home. When you’re considering the best remodeling options for your home, consider what could give you the highest return on investment (ROI) as well as how it will improve the look and feel of your most important asset. What home renovations will add the most value to your Cleveland home?
What Renovations Will Increase Home Value the Most?
Of course, some home renovations will garner a higher ROI than others. Of course, some additions, like a pool house, increase the emotional ROI of your happiness at home. Here are the highest earners when it comes to home remodels and additions in the Greater Cleveland area.
1. How Much Value Does a Kitchen Remodel Add in Cleveland, Ohio?
Investing in a kitchen remodel in Cleveland offers not only immediate benefits but also long-term value. By choosing quality materials, timeless design elements, and optimizing the layout for improved flow and functionality, you can enjoy a beautiful and functional kitchen while significantly increasing the potential resale value of your home.
Whether you're aiming to enhance aesthetics, improve functionality, or create a more open and inviting space, a kitchen remodel is a transformative project that can add substantial value to your home. The ROI for any kitchen remodel in the Cleveland area will range from 30-74%. This is a rather large range, so working with a design-build team that is knowledgeable about what features and finishes are most valued is key to getting the highest ROI for your remodel. Consider these features for your valuable kitchen remodel:
- Double kitchen island
- Walk-in pantry or butler’s pantry
- Breakfast nook
- Custom cabinet features
By incorporating high-quality materials, stylish cabinetry, and modern appliances, you can create a kitchen that not only reflects your personal style but also meets the demands of your lifestyle. The key is to strike a balance between visual appeal and practicality, ensuring your new kitchen is both a stunning centerpiece and a functional hub for culinary delights and entertaining.
2. How Much Value Does Adding a Bedroom Bring in Cleveland, Ohio?
When it comes to resale value, the ROI of adding a bedroom can be substantial, reaching up to 75% in certain cases. The demand for homes with ample bedrooms is high, particularly for growing families or those seeking additional guest accommodations. The increased functionality and versatility that come with an extra bedroom make your home more appealing to potential buyers, potentially translating into a higher selling price when the time comes.
Beyond serving as a traditional bedroom, the added space can also be transformed into a gym, allowing you to prioritize your health and fitness conveniently within the comfort of your own home. Alternatively, the new bedroom can be a haven for children, doubling as a playroom where imaginations can run wild.
3. How Much Value Does Adding a Home Office Bring in Cleveland, Ohio?
In today's evolving work landscape, the value of a well-designed home office cannot be overstated. As more individuals embrace remote work, the addition of a dedicated home office has become increasingly valuable, with an expected ROI of up to 80%. Beyond its functional aspects, the location of the home office within your home plays a crucial role in maximizing its benefits.
When creating a home office, finding a location that offers tranquility, quietness, and privacy is essential. This secluded space allows for increased focus and productivity, ensuring minimal distractions and interruptions.
Moreover, today's home office goes beyond mere functionality and emphasizes aesthetics. Custom cabinetry and ample storage solutions help maintain an organized and clutter-free workspace. Excellent lighting, both artificial and natural, enhances productivity and reduces eye strain. The inclusion of soundproofing measures creates a quiet environment conducive to concentration and professionalism.
4. How Much Value Does a Bathroom Remodel Add in Cleveland, Ohio?
Beyond simple aesthetic improvements, a bathroom remodel offers an opportunity to update the functionality and layout of the space, providing a more efficient and enjoyable experience. Depending on the updates, a bathroom remodel can fetch an ROI of up to 65%.
Reconfigure the layout to better optimize the use of the space, expand the shower area, and add clever storage solutions. Updating the finishes can breathe new life into the bathroom while reflecting your personal design style. Consider incorporating stunning fixtures, natural stone countertops, and stylish tile that blends timeless and trending design elements. Upgrading the lighting, adding a new vanity, and installing energy-efficient features can further elevate the bathroom's overall aesthetic and functionality.
5. What Exterior Home Remodels Add the Most Value in Cleveland, Ohio?
Enhancing the exterior of your home through thoughtful remodeling can offer an exceptional ROI while elevating its overall appeal. In Cleveland, Ohio, where homes embrace a blend of classic charm and modern aesthetics, strategic upgrades like adding stone veneer (114% ROI), replacing siding with fiber cement siding (64% ROI), upgrading windows (64% ROI), and updating the main entrance (86% ROI) can create a striking transformation.
The addition of stone veneer imparts a timeless elegance, effortlessly elevating the visual impact of your home. Meanwhile, replacing outdated siding with fiber cement siding offers multiple benefits. With its durability, low maintenance, and remarkable resemblance to real wood, fiber cement siding brings a fresh and contemporary look to your home's exterior while ensuring long-lasting beauty.
Upgrading windows not only enhances energy efficiency but also significantly boosts the aesthetic appeal of your home. By replacing old, inefficient windows with new, stylish alternatives, you can transform the look and feel of your residence, all while enjoying reduced energy costs. And let's not forget the main entrance—a focal point that sets the tone for your home. By updating it with a refined and inviting design, you create an immediate impression of sophistication and warmth.
Adding Value and Luxury to Your Cleveland Home
Whether you plan to put your home on the market or enjoy your home for several years into the future, consider how a remodel will affect the value of your home. The key to getting the most out of your home remodel is working with a design-build team that can deliver outstanding design, exceptional craft, and a process that will guide you through every decision in a thoughtful way. Payne & Tompkins Design - Renovations has served the Greater Cleveland area for decades, improving the lives of homeowners and the value of their homes. Contact Payne & Tompkins to schedule a consultation today.
