Is home remodeling a good investment?

Investing to Remodel your home - REad more. . .

Is home remodeling a good investment?

On average, home renovations provide an ROI of 70%. Home renovations are one of the only investments that can improve the quality of life in your living space and increase the value of your home for the future. The home improvements with the best ROI are projects that add functional space and square footage. An attractive garage door is high on the list when it comes to getting a cash return on your investment. Remodeling can be a good investment but if you think that you well maintained your gutters with a  professional gutter cleaning service like Gutter Cleaning Naples FL then no need to pay extra which is more expensive. 

The estimate for this work is based on the cost of removing and discarding 16 by seven foot garage doors and replacing them with four-section doors with high-strength galvanized steel tracks, and assumes that you are reusing the motorized garage door opener. This increase in curb appeal could return 93.8 percent of what you spent on it when you sold your home. Remodeling your home increases your enjoyment, but it can also increase the value of your home over time. This probably comes as no surprise to anyone, but remodeling a kitchen is still one of the home improvements with the highest levels of return on investment.

A good rule of thumb is to spend 10 percent of the value of your home on remodeling a kitchen and 5 percent on remodeling the master bathroom. Since the mid-1980s, Remodeling magazine has conducted an annual cost-versus-value analysis of residential remodeling projects across the country. More than 70 percent of buyers who purchased existing homes knew what they were going to remodel even before the deal was closed, according to the HanleyWood Housing Continuity Study, conducted in 2002 in conjunction with the Harvard Joint Center for Housing Studies. Some of the best home improvements think that a renovated kitchen, a new deck, or a remodeled bathroom can be expensive.

Leave Reply

Required fields are marked *