Which home improvements yield the greatest return on your investment?
Surprisingly, only home insulation returns more than 100% of your cost. Other improvements return less than your amount spent. Yet, they help attract buyers and get your home sold faster.
Here are some examples of what you can expect to get back on your home improvement project.
Project cost, $1,268. Resale value $1,482. Cost recoup is 116.9%.
Project cost, $1,335. Resale value $1,217. Cost recoup is 91.1%.
Garage Door Replacement
Project cost, $1,512. Resale value 1,512. Cost recoup is 91.5%.
Major Kitchen Remodel
Project cost, $59,998. Resale value $38,938. Cost recoup is 64.9%.
Minor Kitchen Remodel
Project Cost, $20,122. Resale value $16,716. Cost recoup is 83.1%.
Project cost, $20,122. Resale value $14,446. Cost recoup is 71.7%.
Project cost, $20,142. Resale value $10,857. Cost recoup is 77%.
Project cost, $17,908. Resale value $11,769. Cost recoup is 65.7%.
As you can see, upgrading your home adds value, and, if you’re selling it, will draw buyers.
This article provided by Beth Davis of Keller Williams Realty.