One of the biggest mistakes that homeowners make when remodeling their home is forgetting to think about their return on investment (or ROI). It’s understandable because it’s easy to get caught up in the excitement of making home improvements that you’re excited about without thinking of how much of your money you’ll be getting back. Here are a few things to think about regarding ROI before you remodel.
Just how important is it?
One of the reasons many homeowners don’t think much about ROI going into a remodel is because they mistakenly assume that any home improvement is a good investment into their home’s value and that they’ll recoup a significant portion of the cost when they remodel. Unfortunately, this isn’t true. While some home improvement projects can recoup as much as 80 or even 90% of the cost at resale, others might only recoup 50% or less.
There is one scenario where return on investment might not be an important factor to consider and that’s if you’re absolutely certain you won’t be selling any time soon. If your home is the one you plan on retiring in and will spend decades in, then you can feel free to make whatever home improvements are most important for your happiness and comfortability without thought about how much you can get back.
What if you are planning to sell?
If you are expecting to sell your home eventually, even if it’s not in the immediate future, then ROI becomes a much more important factor. How important is determined by how soon you will be selling. Of course, if you are only remodeling to make it easier to sell your home and to maximize profit then ROI is all-important. If you know you’ll be selling down the line but want to enjoy the home improvements yourself in the meantime then it comes down to finding a balance between projects that will make you happy but also increase your home’s value considerably so there’s a good ROI.
A word of warning
Even if you’re careful to select projects that tend to get a good ROI, there’s a limit to how much money you should put into remodeling because there’s a limit to how much you can increase your home’s value. Any realtor will tell you that for any neighborhood, there’s a maximum that people will be willing to pay regardless of what the home is really worth. Before undertaking a remodeling project, you need to take into account the average cost of a home in the neighborhood. If after your remodeling, your home is the most valuable in the neighborhood, but barely, you may still be able to sell it. But if you’ve done upscale remodels in every room in the house, chances are you won’t even come close to recouping the costs and the lucky buyer is going to be getting a steal of a deal on your home.
Prioritize small projects that bring your home up to a standard
You can find lots of resources that tell you the safest remodeling projects when it comes to ROI, but as a general rule, remember that the best projects are smaller ones that cost less in the first place. Also, the best projects aren’t necessarily ones that are over the top. Focus on projects that add functionality and that fix things that may make it outdated. For example, if you have rather old appliances, swap them out for new stainless steel ones. If you have and old baseboard radiator system, install snap-on baseboard heater covers to make your home look more modern.
Selling a home can be a very stressful experience. If you don’t want to hire a professional to do it for you, then consider the following ideas-
The following DIY secrets can help you with your redecorating and home improvement, get great results with limited funds...
Measure the height from the floor to the top of the metal wall plate.
Follow our guide for baseboard heater cover measurement:
Any baseboard larger than 7 3/8" will be compatible with our standard cover.
Any measurement greater than 9 3/8" will fit our tall cover.
Measure from the bottom of the finned tube heating element to the top of the metal wall plate,
A measurement of 5 1/2" to 6 3/4" will fit our standard cover.
A measurement of 7 1/2" to 8 3/4" will fit our tall cover.
Measure the distance from the wall or the metal wall plate attached to the wall, to the outside of the finned tube heating element.
Any measurement of less than 3 1/8" inches from the wall will fit our
Any measurement of less than 3 1/8" inches from the wall will fit our tall cover.
EZ Snap™ Wall Widgets are used when your old or existing wall back plate has been removed or if you have to hang your new cover 1 inch or higher to bring them up to a height that will fit our installation guidelines. Just use the self-tapping screws to secure them to the top of your existing wallplate.
EZ Snap™ Floor Fidgets easily raise your new covers ¾ inch to compensate for any ¾ inch floor (wood, tile, or other) that has been installed any time since your baseboard heater was originally installed. May be used for any reason when the overall height has been shortened and the total height is less than 7-½ inches for standard height or 9-½ inches for the TALL height EZ Snap™ BaseBoard Covers. Just measure your overall desired height, subtract 1", drill a hole, preferably in a stud and attach it to the wall with the included screw.
EZ Snap™ Wall Contraptions are used when your wall back plate has been completely removed. EZ Snap™ Wall Contraptions receives your EZ Snap™ BaseBoard Cover and keeps your aluminum fin tube from sagging. These completely replace your wall back plate. To install, slide up from the bottom and make sure the top is at your desired height. Screw to the wall, then bend the front finger up to hold the fin tube in place.
Measure from wall to wall and subtract ½ inch (to allow for wiggle room when installing your new covers.) The endcaps can be pulled or slid ½ inch outward on either end to fit your existing length requirements. Choose 2 flush to wall end caps.
Measure the overall length of the existing unit with ends attached then subtract ½ inch (to allow for wiggle room when installing your new covers.) The endcaps can be pulled or slid ½ inch outward on either end to fit your existing length requirements. Choose 2 Closed or Open-end caps.
Measure from the corner to the end of the unit with ends attached then subtract ½ inch (to allow for wiggle room when installing your new covers.) The endcaps can be pulled or slid ½ inch outward on either end to fit your existing length requirements. Choose 1 Closed or Open-end & 1 flush to wall end cap.
Measure the left side from corner A to corner B (see diagram). Then subtract 3 inches for the 90 degree inside corner, then subtract another ½ inch (to allow for wiggle room when installing your new covers.) Repeat for the right side if also wall to wall. You need to subtract a total of 3½ inches from each side that is wall to wall. Choose your end caps.
Measure the left side from the corner of the wall to the end of the unit with ends caps. Then subtract 3 inches for the 90 degree inside corner, then subtract another ½ inch (to allow for wiggle room when installing your new covers.) Repeat for the right side. You need to subtract a total of 3½ inches from both left and right sides. Choose your end caps.
L-Shaped outside radiators ending in the middle of the wall:
Measure from outside corner of the wall A to the end of the radiator unit with end caps attached B, then subtract ½" (to allow for wiggle room when installing your new covers.)
Measure from outside corner of the wall to the corner of the wall, then subtract 1/2" (to allow for wiggle room when installing your new covers.)
Left leg - measure from the corner out to the end of the radiator subtract 3" for the corner and ½ (to allow for wiggle room when installing your new covers.)
Center leg - measure from corner to corner and subtract 3" for each corner a total of 6"
Right leg - measure from the corner out to the end of the radiator subtract 3" for the corner and ½" (to allow for wiggle room when installing your new covers.).
We recommend that you order covers a little longer than normal and cut them on site, as there are many opportunities for mistakes in measuring and installation. By cutting on site you can fit and cut to fit. The covers can be cut with a good quality jigsaw and a fine metal cutting blade.
Now that you’ve learned how to measure baseboard heaters,
you’re ready to order.