home, garden, and more · the wonderful world of Real Estate

Selling your home? Which improvements will bring the highest return on your $$$?

The perennial chart toppers for the highest return on investment are the cheapest to pull off. This year (as last), the No.1 finisher was installing loose-fill fiberglass insulation in the attic. Not exactly sexy, but boy, is it cost-effective! In fact, this is the only project that regularly pays back more than you invest, with an average 107.7% ROI.

Next up is replacing a run-of-the-mill entry door with an attractive yet tough steel replacement at 90.7%, followed by manufactured stone veneer at 89.4%. Glamorous, no. Valuable, very.

On average, in 2017, you can expect to get back 64% on every dollar you plow into home improvements last year.

Last but not least, the 2017 data suggest that “curb appeal” projects (such as new doors and exterior siding) generate higher returns than improvements done on a home’s interior. In other words, it really isn’t what’s on the inside that counts. If you’re trying to sell, pretty up the outside and it’ll pay off in spades.

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For more details on this please visit http://www.realtor.com/news/trends/best-and-worst-renovations-to-make-in-2017/

 

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