Remodels to Increase your Property Value

Remodels to Increase your Property ValueWhether you plan on selling your home in the near future or you simply want to renovate some dated elements, there are plenty of remodels that are proven to boost your home’s property value. As we take a closer look at these remodels that provide the largest return on investment (ROI), ensure your home is protected with a comprehensive Urbana Homeowners Insurance policy.

Square Footage

This fool-proof renovation will add significant value to your property. The best ways to achieve this is by adding a second story addition or adding extra space wherever possible. A big deck, a covered patio, or an additional bedroom are all great investments. In fact, a recent study indicated that additional square footage can provide up to a 64% ROI.

Finish your Basement

It’s all too common to get tied up in the ins and outs of life and never get around to finishing the basement. However, not only do these structures provide additional space and protection for your family, they are beneficial to complete. By doing so, your home’s value will increase tenfold- up to 73%.

Curb Appeal

Manicure the lawns, trim the hedges, and add pops of color in your yard. According to a study published by the Horticultural Research Institute, each $1 investment in landscaping generates a $1.35 return. This is a budget-friendly way to increase the home’s value, so bear these tips in mind.

At Myers Insurance Group, we specialize in protecting homeowners throughout Illinois. We have specially crafted policies that can be tailored to meet your specific needs. For more information, contact us today at (855) 534-5707.

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