Think home improvements will substantially increase the selling price of your home? You may want to think again. Some renovations not only fail to improve resale profits, but could actually detract from your home's overall value. Here are the Top 10 home improvement s that can increase the value of your home and help you sell a little faster.
10. New Windows and Doors
New windows and doors can offer energy-efficiency and are visually appealing, but they don't necessarily translate into a return for you. Your return on investment is only about 35%
9. Finished Basement
A terrific way to add space without building a costly addition is by simply finishing your basement. Return on investment is about 40%
8. Heating System
Replace your existing heating system if it's dysfunctional or old and you’ll typically receive over a 40% return.
7. Exterior Paint
This home improvement ranks the highest in adding curb appeal and will return you about 50 cents on the dollar.
6. Deck
Outdoor living spaces are in high demand. Look forward to about a 70% return with this addition.
5. Remodeled Bath
This is a wise place to invest your money giving a return of between 60 and 80%
4. Room Addition
This is one of the most popular choices for improving resale value averaging about an 80% return
3. Second Bath
Add a second full- or half-bath to your home and you'll reap some benefit. 90% return on investment.
2. Fireplace
Fill your home with feelings of warmth and tradition by installing or upgrading a fireplace. 100% return on investment wit this one.
And the number one rated home improvement…
1. Remodeled kitchen
Kitchen updates can offer a substantial payback. A simple 150% return for your dollar… yeahhhh buddy.
Well there you have it. The top 10 home improvements that can give you the best return on your dollar and may also help you to sell your home just a little faster. Personally, I thought changing your furnace should’ve been listed as the number one, but I may be bias.
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