We're thrilled to have Inspire
joining us at the 2017 Philly Home Show. A leader of the Conscious Home movement, this innovative company has a lot to offer homeowners, reinventing the way people think about energy. They take one of the most expensive, inefficient, and environmentally harmful products in our homes - the energy we use - and make it cleaner and more efficient, helping consumers make choices about the way they live that are good for the environment. Inspire is a mission-driven, team-first company focused on big goals, innovative products and delighting members with insights that power a better world.
In anticipation of the Philly Home Show, Inspire will be sharing their top homeowner tips and trends. Here's the first of four insightful pieces we'll be publishing to help educate folks before the show. Enjoy!
4 Areas that Add the Most Value to Your Home
If you own a home, adding value through home improvement projects is always a key goal.
However, it can often feel like a pipedream to get everything on your wish-list done, due to
budget and time restraints. By being strategic about remodeling projects, you can drastically
improve the value of your home without having to tick off every box on your list. When
considering cost versus value, there’s a few key areas and rooms to focus on that will give
you the most ROI towards increasing your home’s value.
1. Replacing Doors: Front Entry and Garage
First impressions matter, and extending your curb appeal to the front door is key. Changing
out the front door can have a huge impact on your resale value with one of the biggest ROIs in
our list. In 2016, entry door replacements cost around $1300 and had a resale value of around
$1200, recouping 90% of their cost. Garage doors also had high recoup costs from their initial
investments, costing around $1700 to replace and adding around $1500 to the overall resale
2. Mind the Gap Above: Attic Insulation
When talking about getting the most for your remodel, improving the attic space should be
moved to the top of your priority list. Adding fiberglass insulation cost homeowners around
$1250 in 2016 but contributed $1450 to the resale value of the home. That’s a 117% recoup of
the cost. Plus, adding the insulation will help lower your overall heating and cooling costs with
air no longer escaping through the attic. Often overlooked in favor of parts of the home that
can be immediately accessed, it’s clear that the space above counts as much as the living
3. When in Doubt, Stick to the Kitchen
Is your house in dire need of both an additional bathroom and a kitchen that isn’t stuck in
another decade? Always choose to do the kitchen first. Not only does it have a higher recoup
percentage, the key deciding factor lies in buyer perception. Potential buyers will overestimate
how much a kitchen remodel will cost if they walk into a house that doesn’t have an updated
kitchen. This will cause them to put in a much lower bid. Better to put in the work yourself and
let the buyer’s overestimation of costs work in your favor.
By the way, the average cost of a minor kitchen remodel in 2016? $20,000. Smart
homeowners can get that price lower. With a recoup cost percentage of 83%, taking the time
to improve your kitchen is well worth it. Plus, who doesn’t love preparing Saturday brunch on a
brand new quartz-topped island?
4. Best on a Budget: a New Deck
Don’t have a lot of wiggle room in your expenses right now? You can still add value to your
home. One of the simplest ways to do it is by adding in a new deck. A basic wood deck can
run for as little as $1000. Buying high quality materials and doing the installation yourself is
one of the best ways to save money while increasing the deck’s value to the home. Adding in
a few key features like a high-privacy fence and a low-maintenance stain can add up to a
$4000 value to your home when it’s finished.
While it can be scary or intimidating trying to figure out where your money is best spent,
sticking to remodeling projects in these four key areas will drastically improve your home’s value
and recoup most of the cost of the project at the same time.
The Philly Home Show takes over the Pennsylvania Convention Center January 13-16 and 20-22, 2017. With hundreds of home improvement experts ready to help with your next project, it's a must-attend event for Philadelphia homeowners. Don't have tickets yet? Get 2-for-1
when you connect with us on Facebook and treat a friend or family member to the show. We can't wait to see you there!
PENNSYLVANIA CONVENTION CENTER
JANUARY 13-16 & 20-22, 2017.