Here are the top three remodeling projects in terms of return on cost.
When it comes to remodeling your home, which projects stand the best chance of getting your money back when you sell? Sellers often ask about home upgrades, so today I’ll talk about the three that will get you the biggest bang for your buck according to data from Remodeling Magazine. You can look over their Remodeling 2021 Cost vs. Value Report for 2022 here. These are the top three according to the report:
1. Garage door replacement. According to Remodeling Magazine, replacing your garage door has the No.1 return on cost, with a national average of 93.3%. It’s definitely a good way to increase your home’s curb appeal.
2. Installing manufactured stone veneer. Putting stone veneer on the outside of your home will spiff up your curb appeal, too. On average, you’ll recoup 91.4% from the project.
3. Minor kitchen remodel. On a full kitchen remodel, you’ll get about 50% of your money back when you sell. A minor kitchen remodel, however, will bring you a 71.2% return.
If you’re thinking about doing any remodeling, I encourage you to talk to your Realtor and get some estimates on the projects you had in mind. If you’d like my advice or have any questions, don’t hesitate to give me a call or send me an email. I’d love to help you.
© 2021 Zonda Media, a Delaware Corporation. Complete data from the Remodeling 2021 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.