Remodeling Your Home for a Great ROI
As a homeowner, you take pride in your property and want it to look its best. However, over time, the exterior of your home can become worn down and outdated. This can not only detract from its appearance, but it can also negatively impact its value. With inflation continuing to rise, protecting your investment in your home has become increasingly critical. If you’re looking to enhance the value of your home and give it a fresh, modern look, remodeling the exterior is the way to go.
When it comes to exterior remodeling, there are several areas to consider: siding, gutters, windows, and roofing. Each of these elements plays a critical role in protecting your home from the elements, while also contributing to its aesthetic appeal and market value.
Siding
Your home’s siding is one of the first things people notice when they approach your property. It’s also one of the most important elements in terms of protecting your home from the elements. If your siding is worn down or damaged, it can lead to costly repairs down the line. By investing in new siding, you can not only enhance your home’s curb appeal, but also increase its value. According to a recent report from the National Association of Realtors, homeowners who replace their siding can expect to recoup more than 80% of their investment when it comes time to sell. And increased energy efficiency from insulated siding can boost that value even more!
Gutters
Gutters are often overlooked when it comes to home remodeling, but they play a crucial role in protecting your home’s foundation from water damage. If your gutters are clogged or damaged, they can cause water to pool around your home, which can lead to costly foundation repairs. By installing new gutters, you can ensure that your home is properly protected from water damage, while also giving it a more polished look. According to HomeAdvisor, homeowners can expect to recoup around 92% of their investment when updating or replacing their gutters – a remarkably inflation-safe investment.
Windows
Old, drafty windows can not only be an eyesore, but they can also lead to higher energy bills. Replacing windows can be a bit pricier than gutters (and even doors!), with costs depending on the number of windows and the materials used. However, the investment is well worth it: homeowners can expect to recoup up to 70% of their investment when they sell their home. Not only will new windows improve the look of your home, but they can also save you money on your energy bills each month. As the Consumer Price Index (CPI) continues to rise, windows become an increasingly critical first line defense against the growing costs of heating and cooling your home.
Roofing
Roofing is pretty straightforward: it keeps weather and critters out, and keeps your home’s temperature stable. If your roof is damaged or old, it’s time to invest in a new one. That’s not a purchase that most folks get excited about! Who, after all, takes a look at their roof after a windstorm and says, “Oh boy! Missing shingles! I get to buy a new roof!”
But there’s good news. In part because of the increased cost of materials and the rise of inflation, roofs have become a surprisingly good investment. According to a recent report from Remodeling Magazine, homeowners in the Philadelphia area can expect to recoup about 68% of the cost of a new roof when they sell their home.
But the benefits of a new roof go beyond ROI. An updated roof can also improve the curb appeal of your home, making it more attractive to potential buyers. It can also improve your home’s energy efficiency, which can save you big money on your monthly energy bills. And the peace of mind that a brand new roof brings is impossible to quantify!
A new roof is a significant investment. But with Glick’s 50-year roof, you can be assured that your new roof might even outlive you!
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