SMART RENOVATOR
Renovation trends are up dramatically. We want to offer you the best advise on increasing your home’s re-sale value. Use this information to correlate the right renovation to the price of home you are currently in. It is very important to try to find a balance between your emotional and rational choices
Investing in kitchen, shingle, plumbing and window renovations are always wise decisions. Fresh paint jobs and flooring upgrades are also great investments in the resale value of your home. Please remember to temper these ideas by considering the overall value of your home.
If you are in the lower-end home price category, skip the granite countertop and high-end appliances in the kitchen and lower your price expenditures. Chances are you’ll never see a substantial return on your investment. In a higher-end price range, however, granite countertops, slate flooring and a sub-zero fridge might be what you need just to keep up with the other homes on the market.
Below are the Top 5 renovations that will bring true value to your home:
Upgrade ROI: Under $140,000 $140,000 to $185,000 $185,000 to $250,000 $250,000 to $400,000 $400,000 + 1. Kitchen and appliances 67% 65% 75% 64% 58% 2. New Shingles 64% 62% 62% 61% 42% 3. Interior paint job 63% 58% 48% 22% 56% 4. New Windows 62% 58% 64% 59% 40% 5. Bathroom & Kitchen taps & Plumbing 57% 70% 67% 54% 43%