Are you a Dallas homeowner eager to unlock the full potential and value of your property? Through strategic remodeling and renovation projects, you can maximize your home’s worth and create a more desirable living space. There are quite a few Dallas home improvement services to choose from to enhance your home and increase its value.
Almost every home has something that can be improved or added upon. And since some upgrades may yield a higher ROI compared to others, you have to decide where to invest to get the most financial value and personal satisfaction.
Coming up with ideas is fun and exciting, but funding the project, and finding the right contractors and suppliers are all tasks that can easily overwhelm any homeowner. In the end, you want a project that is:
- Within budget
- Provides long-term benefits
- Enhances the aesthetic appeal of your home
- And most importantly, built to meet your expectations.
We’ll walk you through some of Dallas home improvement services that have a proven track record of positively impacting property value, as well as costs estimate that will help you determine the best approach for your project.
Renovation Cost Estimates in Dallas
Knowing the cost estimates will help you find out what works within your budget and provide a timeline that will help keep your project on track. The average cost usually falls between $20 and $60 per square foot for low-range finishes depending on the service. The cost can also be as high as $100 or more if it involves structural changes or you’re working with high-end materials such as hardwood or natural stone. We will provide more detail for specific services below, including the value recoup so you can make an informed decision before embarking on the project.
Aside from the cost of materials and labor, there are also permit fees and other incidental costs, such as potential demolition costs or the need to hire a designer for extra help. Inflation rates can also play a role in the final cost of the project.
Home Improvement Services with High ROI
1. Bathroom Renovation
You have probably watched many shows on TV where some real estate agents advertise how they gutted the bathroom, rebuilt it, and replaced everything down to the studs. The truth is, if you want a healthy ROI, you have to forget what you saw on those shows and do a more realistic job. The best return is on a minor bathroom remodel, which is primarily cosmetic and does not involve rearranging your floor plan. For a midrange home, the typical costs to renovate a washroom are around $20,420, with a 67.2% value recoup. This may involve:
- Cosmetic upgrades such as applying a fresh coat of paint, refacing cabinets,
- Putting in a new floor
- Adding crown molding
- Replacing light fixtures, tub, sink, toilet, shower, and so on.
- Installing new hardware
- Updating tile work
- Adding a new vanity or mirror
In other words, it’s about reimagining how each area can be transformed with a facelift that will last. Some of these upgrades are great for DIYers, meaning you can save a bit of money, while others need an experienced professional.
2. Kitchen Remodeling
A kitchen remodel is often considered one of the most impactful upgrades and is a focal point for potential buyers. Similar to a bathroom, a minor kitchen remodel can make a huge difference, without necessarily racking up the price tag. Many homeowners in Dallas opt for an updated countertop, new appliances, and refacing existing cabinets. This combination of updates can really bring the kitchen to life and increase the value of your home.
Typical costs for a midrange home are around $22,500, which includes upgrading to energy-efficient appliances and fixtures such as refrigerators, ovens, or stoves. This means that you will be saving on energy bills. It also involves minor cosmetic upgrades such as replacing cabinet doors, drawer fronts, and hardware, all while leaving the structures intact. With all these updates, you can have a value recoup of about 80.5%.
Going for a major remodel such as tear-outs, rearranging the layout, and adding new cabinets or islands can cost around $60,000. This type of remodel usually comes with a value recoup of 62.9%, which is still quite significant. But if you aim to maximize the return on your investment, it might be smart to stick with minor renovations.
3. Basement Remodel
Not all homesteads are granted the luxury of having a basement, but if yours does, then a remodel may be in order. A finished basement doubles the livable space in your home and can add anywhere from 10 to 20% of the house’s value. Not only is it an excellent spot to entertain guests, but it can also be used for an office or a man cave.
Finishing the basement with new features such as an office space, or a bar will increase your home’s resale value even more. And since the space is already enclosed, it can be done cheaply. You’ll likely recapture about 86.4% of the costs you put into remodeling your basement. Make sure to hire a professional for this job to ensure everything is done safely and correctly.
4. Bedroom Conversion
It may not be the first thing that comes to mind when we think of home improvements, but converting a non-bedroom into an actual bedroom can be an inexpensive way to add value to your home. You can also add an en suite bathroom, as long as the existing plumbing and electrical wiring allow for it.
The cost of this project can vary, but it still remains a great way to maximize the value of your home. It’s estimated that you could recoup up to 70% of the cost in added value. Say you’re looking for a spare bedroom or need an extra space to work from home, by converting part of the house into a bedroom it can quickly become a great source of added value for your home. Some simple, but effective bedroom conversions are:
- Converting an attic or loft space into a bedroom
- Creating a bedroom from a living room or extra space
- Combining two existing bedrooms to make a larger bedroom
- Adding a half bath to an existing room
- Converting a basement into a bedroom
5. Room Addition
If you want to add additional living space to your home, then adding a room addition is the way to go. Room additions provide extra square footage and can also enhance the overall look of your home. But since your goal is to focus on a project with a higher ROI, you will probably undertake a service that does not require substantial structural changes. Common room additions include:
- Adding a screened-in porch or patio
- Building a sunroom
- Building an outdoor kitchen
- Converting an existing garage into a living space
- Building a deck
These types of projects will help enhance the value of your home while being cost-effective. The cost will vary depending on the size and scope of the project.
6. Attic Renovation
Homes with the luxury of a versatile attic space can be transformed into a bedroom, office, playroom, or even a studio. Oddly shaped attics are distinctive spaces that require special attention during the remodeling process.
By making it into an inviting, comfortable, and usable space, your investment in an attic renovation can easily yield a 66% value recoup of $21,000, according to Remodeling Magazine Cost Vs. Value Report. Increasing the number of bedrooms is an effective way to increase the value of your home because potential buyers with families will be more likely to purchase your home.
7. Garage Entry Door Replacement
While it may not be the most glamorous home improvement, updating your garage door can pay off big time! It is perhaps among the first things investors see so this is a good opportunity to make first impressions count. Keep in mind that potential buyers often decide about purchasing a home within the first few minutes of viewing it, meaning a well-maintained entry door can make the difference.
Depending on the style, size, and material you choose, your new entry door can offer great returns on investment. And with energy-efficient options available, you can save money on your electric bills too! A new entry door can cost over $2,550, netting you nearly $1,630 in added value – which is a 64% value recoup.
8. Roof Replacement
A home’s roof is a significant investment, and if it requires replacement, many buyers are likely to overlook other outstanding features, such as an exceptional kitchen no matter how superb they are. Potential buyers often prefer homes with newer roofs, as the condition of the roof can greatly impact their decision. A roof with leaks and deteriorating shingles not only means tacking on the cost of a replacement to the selling price, but it may also signal potential problems in the home’s foundation to a buyer.
Depending on the size and scope of the roof replacement project, a homeowner in Dallas can expect to recoup an average of 91% – 105% of their investment when it comes time to sell. With the professional installation of shingles and other roof components, the energy efficiency of your home can improve significantly, resulting in lower utility bills.
9. Vinyl Siding
The curb appeal of a home plays a significant role in determining whether potential buyers will be interested. The curb appeal design relies on the home’s exterior, entryway, landscaping, garage doors, and more. Replacing outdated vinyl siding with new weatherproof and energy-efficient materials can boost the home’s value considerably and make it more enticing to potential buyers.
Vinyl siding, in particular, is a popular improvement service that adds value without necessarily costing an arm and a leg. It comes in a wide variety of styles, colors, and textures, so it can be customized to suit any home’s unique look. Plus, it is highly durable and resistant to weathering, which makes it a great choice for Dallas homes that are exposed to extreme temperatures throughout the year.
The actual return on investment may vary based on other factors such as the local housing market and the quality of the renovation, but Dallas home improvement services can definitely increase the value of your home. Whether you want to increase its marketability or just make it more comfortable for you and your family, these options can help you achieve that goal.
Depending on the type of home improvement service you’re looking for, Dallas is home to many experienced professionals. General contractors, roofers, painters, plumbers, and other skilled workers can assist in any project from the start of the renovation to the completion of your desired result.
For any of these projects, you will probably need a waste management service for cluttered free workspaces, and efficient and timely results. Frontier Waste Solutions is the most trusted and renowned option. By partnering with us, you delegate waste disposal responsibilities to the experts. This makes it easier and more convenient for you to focus on the projects at hand. For more information, request a quote or speak to one of our representatives today.