The owners love to update. But many times they want to maximize their investment. I am often asked “Will this upgrade increase the value of my home?” If only it were that simple. Just because you spend $20,000 on Italian tile in your bathroom, doesn’t mean your house is suddenly worth $20,000 more. Some updates matter more than others and that’s where I come in.
The best investment is the kitchen. Research shows that a kitchen is the single most important determining factor in someone else’s overall impression of their home. To the right is a sample from a company that specializes in custom millwork, custom cabinetry, and much more. This photo is taken from one of the many custom woodworking projects they undertook. While every kitchen (and every home) has its own personality, there are a few places to start if you’re thinking about making a few alterations to your own home.
· Use rich wood in dark colors. Mahogany, black walnut, and Indian rosewood are the best choices.
· Start small. Something simple like a new finish on your hardwoods, crown molding, or custom doors can make a world of difference.
Have a plan. Don’t just throw money away! Check out some mockups, talk to a design professional, and then make it happen!
The second best area to invest in is the living room. Few things are more impressive than a spacious entryway that leads to a gracious living room. Even if your home has a small or no foyer at all, you can still make the space work for you. Recessed lighting can make ceilings appear taller, while red and dark wood floors, paneling, or baseboards can make an entryway appear even more spacious. If some of those projects sound like more than you want to tackle, I recommend checking out some DIY sites like pinterest.com or diy.com.
Custom millwork is one of the best ways to add value to your home. Appraisers rate features like hardwoods, crown molding, and wood paneling above typical floor and wall materials like carpet, tile, etc.
Whatever your project goals, a little woodworking can go a long way. From the most ambitious projects to simple DIY upgrades, custom millwork is one of the best ways to improve the value of your home. And while the housing market may seem bleak, the inside of your home can be the talk of the neighborhood.