Home Improvement Projects With The Best ROI
Posted by Hannah Morgan on Tuesday, December 27, 2022 at 9:57:51 AM
By Hannah Morgan / December 27, 2022
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Customizing a home to your taste is one of the best things about home ownership! But before swinging that sledgehammer there are a few things you should know to make sure you get max ROI for when you decide to sell. Check out the statistics from NAR’s 2022 Remodeling Impact Report:
Top 5 Interior Reno Projects For Max ROI:
- Hardwood floor refinish: 147%
- New wood flooring: 118%
- Insulation upgrade: 100%
- Finish basement area: 86%
- Closet reno: 83%
Further down on the list?
- Bathroom reno: 71%
- Kitchen upgrade: 67%
Top 5 Exterior Reno Projects For Max ROI:
- Replace roof: 100%
- Garage door replacement: 100%
- Upgrade to fiber cement siding: 86%
- Vinyl siding replacement: 82%
- Vinyl windows: 67%
All of the renovations on this list would be a thumbs up from where I stand! However if we are going in order of value, I would do a few interior & exterior upgrades that are most valued on each list. If you are curious as to what upgrades you can make on your home to get your max return, let's chat!
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