The most popular home remodeling projects in the country run the gamut from those that bring in a high return-on-investment (ROI) to those that are generally considered aesthetically pleasing to inhabitants of the household. In many cases, the most popular home remodeling projects are also on the list of the highest ROI projects, too.
For example, an article on popular home remodeling projects from Forbes indicates that the kitchen and bathroom are two of the most popular projects.
“There’s good reason why kitchen redos are so popular. The kitchen is the room people generally use most, it can grow outdated fairly quickly, it can be renovated without your having to move out (though you may have to eat out) and it can add a lot of value to a house.”
In an article from Bankrate, which lists the best home renovations for ROI, the list features a “minor kitchen remodel” at the third position.
“There’s good reason why kitchen redos are so popular. The kitchen is the room people generally use most, it can grow outdated fairly quickly, it can be renovated without your having to move out (though you may have to eat out) and it can add a lot of value to a house.”
Popular Home Remodeling Projects for Modest Budgets
To be sure, remodeling the bathroom and the kitchen can require a significant amount of money set aside for the project. While it may be possible to tap into home equity with a HELOC or obtain a home equity loan to finance the project, not all homeowners are interested in taking on additional debt to finance home remodeling projects.
Fortunately, there are many popular smaller projects that not only add value to the home but that also come with a shorter timeline, smaller budget, and high return on investment – three things that can combine to make a home remodeling project particularly attractive.
One popular budget-friendly home remodeling project is garage door replacement. Home Advisor suggests the typical range for a garage door replacement is $729 to $1,452.
However, the overall cost may actually be lower or higher depending on the quality of the door, as well as the cost of labor and whether the homeowner decides to take things into his or her own hands for replacement.
“A garage door will cost anywhere from $200 for single doors to $4,000 for two or more doors, with better materials accounting for the higher cost.”
While some experienced homeowners may not have any trouble replacing a garage door, it’s important to remember that there may be a need to modify the electrical wiring, which may require some expertise.
Tip: To gauge the true and complete cost of your garage door replacement, make sure your remodeling professional includes the cost of the door, labor, and whether he or she charges for removal of your old door.
Embark on your Next Home Remodeling Project with Gettum Associates, Inc.
We’re a full-service home remodeling company that can help you with every facet of your project, from design and planning to execution and completion. Let us bring our expertise in design and remodeling to help you create a dramatic and beautiful exterior for your home.
Call us at 1-317-888-5681 for more information on our services, as well as to discuss your home remodeling project and how we can help.
Plus, if you’re ready to get started on a renovation project, you’ll want to download our guide: Seven Questions to Ask When Choosing a Remodeler in the Indianapolis Area.
