From the interior to the exterior, home remodeling in Brooklyn is on the upswing. Today, homeowners are looking to ramp up functionality, good looks and value to their living spaces. With money in the bank and low-interest home improvement loans, the sky's the limit when it comes to home remodeling projects. However, there are some smart home remodeling projects that pay off more than others.Refacing Kitchen Cabinets
Rather than going for a high price tag between $25,000 and $50,000 to upgrade the entire kitchen, make a savvy cost-effective upgrade by resurfacing or painting the kitchen cabinets. Depending on whether or not you do the job yourself of hire a kitchen cabinet professional, it'll only cost between $4,000 and $15,000, according to Home Remodeling magazine. Refurbish the cabinets with a new look that looks fashionable and trendy.
According to Kiplinger, with small kitchen upgrades like this, you can recoup about 80 percent when it's time to put your home market. If you go with an upscale and full kitchen renovation, you'll only recoup about 50 percent of the costs. When you do the math, it's easy to see why small is better.Other smart upgrades include:
- granite countertops
- new appliances
- kitchen islands
- new lighting fixtures
Roofing is always a labor-intensive job, and it doesn't come cheap. However, a new roof can add a lot of curbside appeal to the home. If you're looking to sell your home, you can be sure that prospective buyers will want to ensure that it's not too old and in good shape. This Old House reports that most new roofs for a mid-sized home range between $12,000 to $15,000 and also come with a 20-year warranty. According to the realtor.com, you get a return of 63 percent on the initial upfront costs if you put home up for sale.Replace the Home's Siding
Fiber-cement and vinyl replacement jobs cost anywhere from $10,000 to $13,000 for a mid-sized house, according to This Old House. With numerous designer colors and textures to choose from, new siding adds a very attractive look to the exterior of the home. With 50-year warranties available, it's a great value for the dollar. This Old House also indicates that you can expect to garner a return of 87 percent of the upfront costs for new siding.Install Energy-Efficient Windows
Energy-efficient windows are designed to keep the home cooler in the warmer months and warmer in the colder months. Not only do new modern windows look great, you'll be saving money on HVAC energy costs along with enjoying better indoor home comfort. Replacement energy-efficient windows typically range from $10,000 to $18,000 according to House Logic. How much will you recoup when it's time to sell? Realtor.com indicates that you can count on around 79 percent of your investment. With consumers focused on green improvements, energy-efficient windows are a good selling point.Make a Good First Impression with a New Front Door
Entry doors are the portal to a home's soul. Make it as welcoming as you are. The good news is that good-looking entry doors don't break the bank. Depending on your taste and budget, these upgrades range from $150 or an ordinary paneled door to over $3,000 for one with some hand-forged hardware and nice art glass according to This Old House. It's also an easy do-it-yourself job that can be done as a weekend project. Remodeling Magazine reports that new entry doors return up to 130 percent of the cost. As a matter of fact, it one of the few home improvement projects that delivers an immediate positive return.Color the Walls with a Fresh New Coat of Paint
The cost of painting the interior of a home is definitely not a budget buster, especially if you do it yourself. It's one of the most cost-effective ways to add a clean look to the home along with adding value. Just keep in mind to stick with neutral colors if you plan in selling the home anytime soon. You may like sunny yellow, but some may your preferred paint color a turn off. Stick with neutral beiges and off-white.