Renovating your Home

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When it comes to getting a return on your investments, not all home renovations are created equal. Here are some questions to ask yourself when considering a renovation. 

  • What areas within my home have the most need for being updated?

  • When I decide to sell my home, what kind of renovations will future buyers value most?

  • How do I pick colors, styles, and other design options that will appeal to future buyers?

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Remodeling a kitchen is a popular choice for homebuyers wanting a fresh look in a highly trafficked area of their home. Kitchen remodels can provide significant resale value. It is important to note that statistics support the resale value of a minor kitchen remodel over a major remodel.

Wood deck additions, siding, doors (entry, garage), attic bedrooms, and basement remodels are some other examples of renovations with high resale value. Be sure to research the latest trends before starting your next project. Choosing neutral styles and colors can help your home appeal to a wider range of future buyers. It's always a good idea to get multiple quotes and compare costs.

Source: Fix.com

Image source: Entrepreneur.com



Renovation/Remodel    Average Cost Recovery

Wood Deck Addition                     80-85%
Siding Replacement                       75-83%
Minor Kitchen Remodel                75-83%
Window Replacement                    75-80%
Bathroom Remodel                        70-78%
Major Kitchen Remodel                70-78%
Attic Bedroom Remodel               65-76%
Basement Remodel                        65-75%
Two-Story Addition                        65-74%
Garage Addition                              60-70%

Source: Remodeling Online

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Real Estate trends are always evolving. Feel free to contact us if you have any questions about how to get the highest value out of your home.