Home renovation is one of the best ways to improve the functionality of your house. When you engage the expertise of our reputed home remodel Los Angeles contractors, you can be assured of a modernized space that is both practical and stylish. Remember, the money you invest in your project can yield significant returns when you decide to sell.
It’s important to note that not all renovations increase a property’s value in the same way. However, the home renovation industry has shown significant growth, with an increase from $328 billion to $472 billion between 2019 and 2022, and an expected rise to $484 billion in 2024. This growth presents a promising outlook for your home renovation investment.
It has been reported that homeowners, on average, when investing in home remodelLos Angeles and other parts of the US, receive an ROI (Return on Investment) of 69%. This means for every dollar spent on the renovation, they get back 69 cents in increased home value. So, let’s dive into the home renovations Los Angeles helps in adding value to the property.
A kitchen renovation typically yields an ROI of 67%. This is because the kitchen is a central space in the home, where gatherings happen and memories are created. When you remodel your kitchen as part of a house renovation in Los Angeles, it’s not just a job-it’s an opportunity to design a space that truly meets your needs and inspires you every day.
One of the best ways to add value to a house with a home remodel Los Angeles is to add and renovate the master suite. By adding luxury to the room with materials like marble, granite, or high-quality wood, and unique colors like deep blues or rich purples, the room can deliver a huge impact. A renovation of the master bedroom gives a return of 56% on investment, mainly when it has a custom walk-in closet, master bath, sitting area, soaking tub, and sauna.
When considering a home remodel Los Angeles, consider adding a family room. It is a casual living area that adds value to your house. It is one such space where everyone can spend time together, have fun, and relax. By creating this usable space, you can allure large families to buy the property when you put the house on the market. Even if you don’t sell it, you can never go wrong with this addition to your home when renovating.
New wood flooring and hardwood flooring refinishing are expected to give an ROI of 118% and 147%, respectively. By remodeling the home’s flooring, you can design a perfect layout that showcases your family’s lifestyle. The functional and practical design with new flooring renovation with the best home remodeling company Los Angeles can boost your home’s value while making it alluring to others.
Irrespective of the type of home remodel Los Angeles you intend to do, we are here to help you every step of the way. Our commitment is to provide you with the best renovation solution with competitive pricing, which means we strive to offer the most value for your budget. Contact us today to start your project.