For Homeowners in Portland, Oregon, These Remodeling Projects Double as Long-Term Investments
When homeowners decide to move forward with a home remodel, they are typically motivated by at least one (but often all four) of the following goals:
- Increase the resale value of their home.
- Transform their home’s appearance to be more closely aligned with personal style and taste.
- Install fixtures and amenities that allow for a more comfortable lifestyle.
- Add square footage or reconfigure existing space to make their home’s layout more functional and accommodating.
While each of the above goals can be important to Portland homeowners seeking a renovation, the bottom line of project cost vs. resale value is frequently given special attention. This is because the decision to remodel a home is a major financial investment, and it’s important for homeowners to have a good understanding of how their investment will pay off in the long term. For this reason, we’ve compiled some of the most common home renovation projects that we recommend to increase your home’s value.
If your home has attic space that is underutilized, a finished attic can be a great way to increase living space while boosting your home’s value. Depending on the size of your attic, you may be able to convert the space into a bedroom, master suite, living area, office, home theater, bar, wine room, or home gym.
Similar to a finished attic, a renovated basement is a great way to make better use of underutilized space in your home. In some cases, homeowners may be able to convert their basement into a stand-alone ADU complete with a kitchen, bathroom, bedroom, and living area. This adds huge resale value, as well as the flexibility to generate income from short and long term rentals.
Adding a porch or deck to the front of your house is an effective way to add value to your home. Not only does a front porch add space for outdoor living, it also improves your home’s curb appeal which has a big impact on overall value.
One of the most common home renovation projects, kitchen remodels are one of the most value-raising improvements that can be made to a home. High-end appliances and stylish finishes will give your home’s value a hefty boost.
Primary Suite Addition
While adding any square footage to your home is a safe method of adding value, a primary suite addition adds extra value because it includes an additional bedroom and bathroom. This essentially puts your home into a higher-capacity category, demanding a higher market value.
Ready to Get Started on Your Home Remodel?
At Straight Line Design & Remodeling, we have been remodeling homes to meet the needs of families in the Portland metro area for over a decade. That means that we have the experience and know-how to bring your project to life while staying on schedule and on budget.