8 HOME RENOVATIONS THAT WILL PAY YOU BACK

Dated: 02/14/2015

Views: 1380

8 Home Renovations That Will Pay You Back | RISMedia's Housecall

When you own a home, it seems like there is almost always something you would like to do to make it more comfortable, attractive, or eco-friendly. But, home remodeling experts tell us, if you plan to sell your home at some point, put your time and effort into one of more of these renovations proven to pay you back because they increase the value of the property:

  • New garage doors – Nothing says curb appeal like attractive garage doors – and you can’t beat the bang for the buck. A mid-range replacement will likely return more than 80 percent on your investment.

  • A wood deck – Here’s a renovation you are likely to enjoy – and a $10,000 investment will also return about 80 percent of what you spent.

  • Exterior siding – New siding will not only give your home a major facelift. It will return a strong 87 percent on project costs of about $14,000.

  • Attic conversions – Adding another bedroom or playroom upstairs give a home more usable living space without increasing its footprint. The remodel investment will likely return 84 percent of a $50,000 project cost.

  • Kitchen updates – No need to overhaul the entire kitchen, experts say. Upgrading the counters, and replacing cabinets and appliances will likely cost about $18,000 – and will return some 97 percent of cost. Oddly, a big-ticket total kitchen remodel costing over $100,000 may only return 63 percent of the investment.

  • New windows – New, energy–efficient windows throughout your home will save you money on heating and cooling bills – and you will probably get a return of 79 percent on a $10,000 investment.

  • Basement remodel – Another great way to add living space to a home is with a basement remodel. Adding insulation and flooring, and upgrading the walls and ceiling may cost as much as $60,000. But return on investment is estimated at 77 percent.

  • Back-up power generator – The unpredictable weather of the past few years has led to a surge in the popularity of this relatively inexpensive home addition. An average cost of $11,000 could net you a 67 percent return on your investment.

With many thanks to RIS Media and Barbara Pronin.

For a complete home evaluation and to find out additional tips to get the most from your home's sale, please call me:


Annette Bates   303-550-5089

EXIT Realty DTC

www.annetteshomes.com

Blog author image

Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

Want to Advertise on this Site?

Latest Blog Posts

The How To For Potted Plants On A Covered Porch

One of the weird topics that you don't think too much about until the plants start looking more cactus like than they should be...There's a lot of thought that goes into where to place potted plants

Read More

Manufactured Home V Modular Home

As a REALTOR  I am asked from time to time "What is the difference between a Manufactured home and a Modular home?" I am always happy to answer your real estate related questions.  My

Read More

Just Listed Art Deco Modern Home In The Heart Of Denver

JUST LISTED!!!!!1663 S. Elizabeth St. Denver, CO 80210Listed By Kevin Fletcher, Realtor -  Exit Realty Cherry CreekList price: $789,0004 Beds3 Baths2,209 Sq

Read More

Denver Art Deco Modern Home Coming Soon

1663 S. Elizabeth St. Denver, CO 80210Listed By Kevin Fletcher -  Exit Realty Cherry CreekList price: $789,0004 Beds3 Baths2,209 Sq FtNestled in the popular Cory

Read More