Many Charlotteans are starting to receive both their Federal and State tax refunds. Maybe you have already received yours and are contemplating the best way to spend your refund this year. While it is tempting to splurge on a particular item you have had your eye on, or even plan an exotic getaway, one of the most beneficial ways to spend your tax refund is to invest in your home. The most efficient home improvements to invest in are the ones that move beyond vanity. Projects that replace worn or aged home components, such as siding, windows and doors, or a new roof are wise investments that will bring crucial elements of your home up-to-date without expanding your home’s existing footprint.
According to Remodeling Magazine’s 2011-2012 Cost vs. Value Report, “replacement projects are really strong because they make your house look good immediately and increase your home’s value. If you get new windows, new siding and even replace the front door, your house looks great and if you plan to try to sell your home in the near future, these improvements will help your home sell faster and for more money.” In addition , from the Remodeling Magazine report: “The use of durable, low-maintenance materials in replacement products appeals to homebuyers who are increasingly looking to reduce both the operational costs and maintenance costs in their homes.”
Among the top 10 home improvement projects worth the investment, replacement of your exterior siding with upscale fiber cement siding like James Hardie Fiber Cement Siding comes in at the #1 spot. This improvement delivers a 78% return on investment (ROI) on average making one of the most cost-effective things you can do to your home this year is to replace old siding with new, higher-end fiber cement. The list is rounded out with #9 being replacement of vinyl siding with a ROI of 69.5%, and #10 is installing upscale vinyl replacement windows with the average ROI coming in at 69.1%.
If you are unsure where to start in choosing the best investment and in order to get the most benefit for your investment, Belk Builders can help! We can schedule a free consultation to inspect the condition of your roof, siding and existing windows to help determine the project that will bring you the highest yield in terms of energy efficiency, return on investment and comfort level in your home.
Contact Belk Builders today at (704) 400-4710 or visit our website to learn more.