Single Family
Professional Home Remodeling in Chicago
As experienced home remodelers in Chicago, we know that keeping your home beautiful is a labor of love. It is also a regular exercise that only true professionals can get right. Getting professional services for home remodeling in Chicago demands caution as there are a number of contractors in the field that do not have the expertise required to take on such demanding remodeling projects.
Home additions large and small require experience and expertise for a number of reasons, including the fact that it demands greater attention to detail and much more precise project management.
Single Family Home Remodeling ROI
On average, homeowners can expect their home renovation projects to yield a return on investment (ROI) of approximately 70%. This figure offers a general guideline, but it’s essential to recognize that actual returns can vary significantly based on the type of renovation undertaken and the geographical location of the property.
Average Home Remodeling ROI
Nationally, data shows that the average ROI for various home remodeling projects hovers around 69%. This means that, on average, homeowners can recoup nearly 70% of the money they invest in upgrades when they sell their homes. However, the actual percentage can fluctuate based on numerous factors.
Varying ROI
Different types of renovations can produce vastly different returns. For example, certain projects, such as replacing a garage door, are known for their exceptional ROI, which can be as high as 100%. This remarkable figure indicates that the investment in a new garage door is usually fully returned in increased home value, making it one of the most financially smart renovations a homeowner can make.
High ROI Home Remodeling Projects
Garage Door Replacement
Replacing an old garage door with a modern, attractive model not only enhances the curb appeal of a home but also offers a spectacular return on investment. Homebuyers often view a new garage door as a sign of good maintenance, significantly influencing their perception of the property’s overall value. This project yields high value recovery due to its relatively low cost compared to more extensive renovations.
Kitchen Upgrades
The kitchen is often considered the heart of the home, making it a focal point for potential buyers. Minor kitchen renovations, such as updating appliances to energy-efficient models, refacing kitchen cabinets to provide a fresh look, and installing attractive new countertops, can provide an exceptional ROI ranging from 70% to 80%. These updates not only improve the kitchen’s functionality but also create a welcoming atmosphere that can entice buyers, leading to quicker sales and higher offers.
Factors Influencing ROI
Scope of the Project
The extent of the remodeling effort plays a crucial role in determining ROI. Major renovations, such as a complete overhaul of a bathroom or kitchen, often require significant investment and time, and may not always yield a proportionate increase in home value. In contrast, smaller, cosmetic changes like fresh paint or updated fixtures can rejuvenate a space without the hefty price tag, resulting in a better return.
Location
The geographical location of the home is another critical factor affecting ROI. Real estate markets can be vastly different from one region to another, with some areas experiencing higher demand for specific renovations. For instance, kitchens may command premium value in suburban neighborhoods, while urban properties might benefit more from bathroom upgrades or outdoor living spaces.
Home Remodeling Projects With The Highest ROI
Kitchen Remodels
Regularly ranked as one of the top renovation priorities, kitchen remodels consistently deliver impressive returns as they greatly enhance both the aesthetic and functional appeal of the home.
Bathroom Upgrades
Targeting bathrooms for improvements, whether through fresh tiling, modern fixtures, or expanded layouts, can likewise significantly enhance property values. Buyers typically appreciate move-in ready bathrooms that reflect contemporary design trends.
Landscaping
Curb appeal is essential in real estate, and well-executed landscaping can significantly elevate a home’s visual appeal. Projects such as installing flower beds, maintaining lawns, or creating outdoor living areas often lead to a considerable uptick in property value.
30% Rule
Real estate professionals commonly advise adhering to the “30% Rule,” suggesting that homeowners should limit their renovation costs to no more than 30% of the home’s current market value. By following this guideline, homeowners can ensure that their investments in renovations are prudent and likely to yield healthy returns when it comes time to sell. This strategy not only protects the homeowners’ financial interests but also helps them maintain a balanced approach to home improvement.
Hiring Reliable Home Remodelers in the Chicago Area
When you begin looking for a good home remodeling contractor in Chicago, it’s important to confirm that the company you choose is licensed and insured, as a mistake can be very costly without these safety nets. Unless you know a business you trust in this line of work already, there are a number of items you will need to consider and questions you need to ask before you decide to hire a contractor.
The most important thing to discuss with your contractor once you find one that fits your needs is what you are expecting at the end result of your remodel. It is critical that you communicate your expectations clearly to your contractor prior to the start of your project. It is also just as important for the contractor to communicate their expectations.
At Areté, we make sure to ask the important questions in order to fully understand your vision and your budget. We conduct a phone screening and questionnaire with every client before scheduling an estimate to ensure we are the best fit for each other. We believe that it is necessary to give realistic expectations and advice on where you will get the most return on your investment before we can move forward with your project.
Chicago Home Remodeling Must-Haves
Here is a helpful list of bullet points to check once you have chosen a remodeling service that you feel you can trust with your home renovation project:
- The company you hire should be a licensed and insured general contractor with a proven track record in home remodeling in Chicago. Check that their licensing covers your county and meets local requirements.
- They must have an experienced team with a variety of skill sets since you will need more than just an electrician or plumber for your remodel.
- They have been in the business for many years and have the necessary experience to complete a project similar to yours from start to finish. Asking them to take you onsite to see some of their in-progress projects would be a great way to determine this. They should also be able to share references, finished project photos, and other projects they completed in your building or neighborhood.
If the remodeling service you hired cannot provide any of the above information, it is best you choose to go with a different contractor.
Experienced Home Remodelers in Chicago
When you choose to work with Areté Renovators, you will always have the satisfaction of knowing your home remodel is in the hands of a seasoned team of home remodeling experts. As professionals who specialize in home remodeling in Chicago, we have a broad understanding of the trends and preferences of homeowners. Our professional teams always work in line with state regulations for construction standards, which enables us to offer the best quality service possible.
- We have been providing our fully licensed and insured professional services for home remodeling in Chicago for almost 21 years and have completed over 2,000 projects in the Chicago area.
- We have consistently maintained extremely high satisfaction rates with our clients throughout all these years leading to lasting relationships and repeat business from prior clients.
- We have successfully continued to grow our business year over year. We completed 134 remodeling projects in 2020, which was a 25% growth increase from 2019.
Areté assigns each project a project coordinator who is your primary point of contact through the completion of your project. They will be onsite in your home each day and will facilitate all approvals with your building management and file appropriate permits. You will also receive daily updates from your project coordinator that include photos and detailed progress.
All of this communication ensures that the remodeling process goes smoothly. However, it is important to note that errors and omissions in remodeling occur on every project. It is important to revisit the scope and drawings once the demo is completed. This is one aspect of a project that often gets overlooked and leads to a high volume of change orders.
Contact Our Chicago Home Remodelers
You should trust your Chicago contractor to take charge and suggest the best resolution to keep on schedule and best fit your needs and wants. We want our clients to be included in all major decisions and steps of the remodeling process. Your project coordinator is the perfect bridge between you and our contractors. If you are in the Chicago area and are considering adding value to your home by remodeling or adding an addition, contact us today at 773.683.3033 to schedule a consultation.
(Updated 3/12/2025)
