It’s no secret that remodeling projects add value significant value to your home. And in this market when people are staying home more, more and more people are choosing to stay in their homes and add upgrades that add comfort and value to their home.
But which projects add the most value?
Reef Builders – one of the best home builders in Arizona – has the answers for you. But don’t take our word for it, we’ve based our data on Remodeling’s 2020 Cost vs. Value Report for Phoenix, Arizona. Here are a few of the top results:
#1: Bathroom Addition
The study shows that adding a bathroom to your home comes in with an excellent ROI, ranging from 64% ROI for a midrange project to around 70% for a high-end addition. Homeowners love having more bathrooms, whether it’s for additional family members or a guest bathroom to be enjoyed on occasion. Consider adding one with an outdoor access point for easy outdoor entertaining (particularly if you have a pool.) Or if your master bedroom is upstairs, consider adding a master bedroom and bathroom downstairs.
#2: Kitchen Remodel
The kitchen is the heart of the home, and with as much time that is spent in this space, you want it to both be functional and fabulous. If your kitchen could use a refresh, don’t let the numbers scare you. Kitchen remodels are a high ROI project, giving you anywhere from 60-83% ROI depending on the size of the project. We recommend reevaluating the entire layout, providing new cabinetry, countertops, and appliances that will be beautiful for years to come. At the very least, you can also do a more simple remodel by using the existing cabinetry boxes, but replacing the door fronts, countertops, floors, etc.
#3: Deck Addition
In Arizona, our winters are mild and the great outdoors can be enjoyed nearly year round. Invest in outdoor living spaces, including an outdoor deck addition for a whopping 83% ROI. Pergolas, covered patios, full decks with firepits, and more are great ways to bring the indoors – out.
#4: Bathroom Remodel
Drool-worthy bathrooms add luxury to the everyday and can provide a very solid ROI – somewhere around 65%, depending on the scale of the project. At Reef Builders, one of the best home builders in Arizona, we do many bathroom remodels – from major master bathroom renovations to secondary bathroom upgrades – and can guide you through each step of the process.
#5: Garage Door Replacement
It’s amazing how simply switching out the garage door can have a profound effect on the curb appeal of your home – and your home value! The ROI on a garage door replacement is 92%, making this upgrade a no brainer. Research the options and style that best suits the look of your home for an instant boost in curb appeal.
As one of the best home builders in Arizona, we can help you with every step of your bathroom remodel, kitchen remodel, bathroom addition, master bedroom addition, and so much more! We offer extensive advice throughout the design-build process to ensure your project turns out exactly how you imagined it. With a design-build contractor, the entire process is seamless – from the design phase to the construction phase – so that there are less headaches, hassles, and change orders – which add to your enjoyment and get you to enjoying your dream home faster. Call us at Reef Builders today for a consultation!