5 Renovations You Should avoid, and 5 Renovations You Should Take on for Your Home!

Regardless of if you are preparing your home to sell or not, your home one day will be hitting the market.  It’s at that time you will remember reading this article and you’ll either thank it or curse it!

Remodeling a home can be very exciting and costly in the initial approach.  However, it will be most costly when you add any of the items from the “5 Lowest Return Renovations” list!

Here are the Top 5 Lowest Return Renovations You Can Do in a Home:

(According to http://www.remodeling.hw.net/cost-vs-value/2018/)

1. Backyard Patio

  • Average cost: %57,147
  • Average resale value: $24,889
  • Return on investment: 43.7%

2. Master Suite Addition

  • Average cost: $130,432
  • Average resale value: $67,947
  • Return on investment: 53.2%

3. Bathroom Addition

  • Average cost; $47,715
  • Average resale value: $26,990
  • Return on investment: 56.5%

4. Kitchen Remodel

  • Average cost: $66,845
  • Average resale value: $42,753
  • Return on investment: 64.3%

5. Bathroom Remodel

  • Average cost: $20,640
  • Average resale value: $4,588
  • Return on investment: 71%

Here are the 5 Best Items to Renovate in a Home for Largest Return:

1. Garage Door Replacement

  • Average cost: $3,474
  • Average resale value: $3,446
  • Return on investment: 99.2%

2. Siding Replacement

  • Average cost: $15,885
  • Average resale value: $12,659
  • Return on investment: 80.2%

3. Manufactured Stone Veneer

  • Average cost: $8,143
  • Average resale value: $6,518
  • Return on investment: 80.2%

4, Minor Kitchen Remodel

  • Average cost: $22,407
  • Average resale value: $17,091
  • Return on investment: 76.1%

5. Vinyl Replacement Windows

  • Average cost: $16,213
  • Average resale value: $12,152
  • Return on investment: 75%

For More Information

Interested in buying or selling a home, or want to contact Emilio directly?  Visit: www.MyDreamHomeNow.com to get started!