Top Home Renovations with Best Return on Investment
Wondering which home renovations will give you the most bang for the buck? Because not all home remodeling projects are created equal, check out our list of the top home renovations with the best return on investment before you start your next project.
You may not realize the impact siding has until you replace it. Think curb appeal! Replacing your siding will have an impact on overall value as well with an average 75% recoup value and well worth the money.
A bathroom upgrade will not only enhance your home and life, but also help when you go to sell. It is one of the best home selling features buyers look at when shopping for houses. The average return on investment is more than 90% so be sure to boost the value by doing a complete overhaul if you can.
Updating an older kitchen with semi-custom cabinets, countertops, energy efficient appliances, new lighting and resilient flooring will typically have a 60% recoup value when you go to sell.
Replacing older windows with insulated, low-E windows will not only save on energy bills but will have a nice return on investment, usually around 70% recoup value.
If you have the room, consider adding a deck or expanding your porch. Anytime you can increase usable living space, you help increase your home’s value. On average, it will add a 75% return on investment.
Just remember that if you have any intention of selling your home in the near future, you’ll want to choose your home renovations wisely.