According to Remodeling Magazine, a recent rise in home prices means the average homeowner gets back 61% of what they spent on remodeling when they sell their house. Even if you don't have any plans to sell your home in the near future, if you want to ensure that you get the best ROI when the time does come, here are the renovations you can count on to add lasting value: 

Upgrading Exterior Siding to Fiber Cement 

There are several reasons why this type of siding has become so popular. First, because it's a mixture of sand, wood fiber and cement, it's resistant to rotting. Second, it works in a variety of climates. Third, because it is so durable and versatile, manufacturers commonly stand behind it with up to a thirty year warranty. Finally, it can be used to create the same quality look as stucco, wood clapboard or cedar shingles.

Adding a Wood Deck 

Many homeowners simply want a wood deck so they can spend more time enjoying their backyard. So when they discover that this is actually one of the best additions they can make to their home, that's just icing on the cake. Not only will you get a lot of enjoyment out of having a wood deck in your backyard, but you'll also get nearly eighty percent of your money back when you eventually sell your home. And while a wood deck provides a better return than a composite one, composite decks still offer an average payback of 68%. 

Converting an Attic to a Bedroom 

Because the average cost for this project is over $50,000, a lot of people never take it into serious consideration. However, even though converting an attic to a bedroom is on the pricier end of the spectrum, the fact that you're adding more usable square footage to your home means that this conversion is really going to appeal to buyers. And that appeal will have a noticeable impact on your home's value when you put it on the market. 

Now that you know which home renovations provide the best bang for your buck, you may be wondering if there are any you should avoid. Although there will still be homeowners who opt for it, the project that's least likely to provide an attractive return is remodeling a home office. There was a time when home offices were a big draw among homebuyers. However, that ship has sailed. As just about any real estate professional will tell you, it's much better to leave an extra room flexible so that a buyer can imagine using it any way that they want. 

The key to being happy with any renovations you have done to your home is finding the right balance between what you want now and what's going to be beneficial for your home's value when you put it on the market. Have a great day! - William

If you have any questions about specific renovations you're considering, feel free to call or email us to get our professional opinion about your project!

ABOUT WILLIAM CULLEN: Owner and President of Cullen Brothers, LLC building custom homes throughout the greater Cincinnati and Northern Kentucky area since 1997. Cullen Brothers take great pride in their work in a way that is equal to that of their clients. It is this level of commitment which sets them apart and is unmatched in the industry. Cullen Brothers are emotionally invested in helping you fulfill your dreams and providing you with a finished project built to the highest standards within the industry. Click Here for a FREE Consultation