Home Renovations That Offer Return on Investment

Embarking on home renovations isn’t just about enhancing your living space; it's also an investment in your property's value. Whether you're gearing up to sell or simply aiming to create a more comfortable and stylish home, strategic renovations can offer a substantial return on investment (ROI). 

As a remodeler, there are tried and true home improvement projects known for their potential to elevate both aesthetics and property worth. From kitchen overhauls to energy-efficient upgrades, let’s talk about the renovations that can not only transform your living space but also prove to be wise financial decisions in the long run. Here are some of my favorites that strike the perfect balance between functionality and added value:

Kitchen Remodeling: upgrading countertops, cabinets, appliances, and lighting can enhance both aesthetics and functionality.

Bathroom Renovation: modernizing bathrooms with new fixtures, tiles, and amenities can add value to your home.

Curb Appeal Improvements: enhancing the exterior with landscaping, fresh paint, and an inviting entryway can significantly boost curb appeal.

Energy-Efficient Upgrades: installing energy-efficient windows, doors, insulation, and HVAC systems can attract eco-conscious buyers and reduce long-term utility costs.

Basement Finishing: converting a basement into a usable living space, such as an extra bedroom, office, or entertainment area, can add square footage and appeal.

Attic Insulation: adding insulation to the attic can improve energy efficiency and appeal to buyers looking for homes with lower utility bills.

Deck or Patio Addition: outdoor living spaces can be attractive to potential buyers, especially in areas with favorable climates.

Smart Home Upgrades: adding smart home features, such as a programmable thermostat, security system, or lighting, can make your home more appealing to tech-savvy buyers.

Garage Door Replacement: upgrading the garage door not only enhances curb appeal but also improves energy efficiency and security.

Hardwood Flooring Installation: many homebuyers prefer hardwood floors, so replacing carpet with hardwood can be a wise investment.

Additional Bedroom: adding an extra bathroom can significantly increase a home's value, particularly if it’s a flexible space that can be used as an office.

Painting: a fresh coat of paint, both inside and outside, can make a home look well-maintained and appealing.

Before embarking on any renovation project, it's crucial to research local market trends and consult with real estate professionals to ensure that your investment aligns with the preferences of potential buyers in your area. Keep in mind that each improvement is an investment with the potential for lasting returns. Whether it's the heart of the home, a welcoming curb appeal, or the integration of smart technologies, strategic renovations not only enhance your living experience but also position your property as sought-after in the real estate market. 

Bob O'Donnell is the owner of O'Donnell Bros, Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro”. All questions may be considered for publication. To contact Bob for your remodeling needs, call O'Donnell Bros, Inc. at (860) 589-5155 or visit www.odonnellbros.com. Advice is for guidance only.

Five DIY Home Improvement Projects for Summer

If you’re looking for a few easy ways to give your house a facelift this summer, there are several projects that can make a big difference on a relatively small budget. Warmer weather generally makes these kinds of jobs easier so it’s a good idea to start planning now. Here are five of my favorite DIY improvements. 

1. Exterior Refresh: Refreshing the exterior of your home with a new coat of paint can make a significant difference in its appearance. Of course, painting the entire house isn’t exactly an easy job and will depend on the house's condition and the homeowner’s skill and experience. A front door spruce-up or shutter refresh can be a great place to start as well as a powerwash of the entire exterior.

2. Landscaping and Garden Improvements: Take advantage of the warm weather to spruce up your yard and garden. Trim overgrown bushes and trees, weed the flower beds, and plant new flowers or shrubs to add color and vibrancy. Installing a simple DIY pathway using gravel, stepping stones, or mulch can also enhance the overall appeal of your outdoor space.

3. Outdoor Lighting: Upgrade your outdoor lighting to create a welcoming ambiance and improve safety. Install solar-powered lights along pathways, around the porch, or in the garden. You can also consider string lights or lanterns to add a cozy and festive touch to your outdoor living areas.

4. Kitchen Backsplash: Adding or updating a backsplash in your kitchen can instantly transform the area. If you have a smaller space, visit a local tile outlet center to score a great deal on leftovers from a bigger job. This renovation can give your kitchen a fresh and updated look without breaking the bank.

5. Bathroom Updates: Refreshing your bathroom doesn't have to be expensive. Consider replacing old faucets, showerheads, or cabinet hardware to give the space a modern touch. Re-caulking the bathtub or shower, adding a new shower curtain, and installing a fresh mirror can also make a significant difference.

Remember, even though these renovations are relatively inexpensive, it's important to set a budget and plan accordingly. DIY projects can save money, but it's essential to have the necessary skills and tools for the task at hand. Also, if you’re making improvements to put a home on the market, be sure to stick with neutral colors and patterns. Bold, bright, and busy tend to turn people off if they don’t have your same tastes and preferences. 

Bob O’Donnell is the owner of O’Donnell Bros. Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro.” All questions may be considered for publication. To contact Bob for your remodeling needs, call O’Donnell Bros. Inc. at (860) 589-5155 or visit http://www.odonnellbros.com. Advice is for guidance only.

Home Remodels Worth Their Value

Many homeowners think that a renovation will automatically increase their house’s value if they decide to sell it in the future. But that’s not always the case. Personalized projects that are specific to the family or improvements that will require significant maintenance often end up discouraging potential buyers. Sure, you might think an inground swimming pool or a built-in aquarium might be a great idea, but the next owner of your home may not agree. So what are the best-renovating projects to reap high resale rewards?

Energy Efficiency Windows 

Homeowners who are old, young, first-time, seasoned, empty-nesters, or with young families all love a home that’s warmer in the winter, cooler in the summer, and easier on the wallet. According to the recent Cost Versus Value Report published by Remodeling Magazine, vinyl and wood window replacement nabbed 66% of their resale value in Hartford County. Windows are a fantastic investment and not only for their heating and cooling abilities. Replacement windows are easy to clean and they are excellent at reducing noise pollution. 

Kitchen Remodels

As the busiest and most used room in the house, kitchens tend to be a huge selling point in the real estate market, which makes an outdated kitchen a big no-no for a potential buyer. According to the same Cost Versus Value Report, a kitchen remodel is likely to get a seller more than 60% of their investment. What’s key is to stick to very neutral tones and a layout that suits cooking, eating, and gathering. Most people love an island that can be used for food prep as well as a casual eating space. Lots of storage will hit the mark too. 

Garage Doors

This may surprise you, but the highest-ranking home upgrade on the 2022 Cost Versus Value Report was a Garage Door Replacement which was valued at 98% of its cost here in the Hartford area. This means that most homeowners recouped nearly every dollar spent on the project when they sold their homes. Garages are an important feature in any house as every buyer wants to maximize their storage space. Plus, with more homeowners looking for additional living areas for home offices, giving the garage a little facelift isn’t a bad idea. 

Stone Veneer

Another big winner this year was adding stone veneer to the outside of a home, a project that recouped nearly 90% of its cost upon resale. For many potential buyers, a simple cosmetic upgrade that’s both timeless and upscale can really improve the curb appeal of a property. 

The “No Go”

With plenty of lucrative projects for the savvy homeowner, there is one area that generally takes a hit and that’s a bathroom. Adding a bathroom to a home can be expensive and the costs recouped is generally less than 40%. If you need an extra bathroom for your family and it makes sense for you, go for it. Just don’t expect the project to pay big when the “for sale” sign hits the lawn down the road.

Bob O'Donnell is the owner of O'Donnell Bros, Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro”. All questions may be considered for publication. To contact Bob for your remodeling needs, call O'Donnell Bros, Inc. at (860) 589-5155 or visit www.odonnellbros.com. Advice is for guidance only.