If you live in a home that is more than 10 years old, chances are you have or will consider renovating it at some point. While we usually recommend choosing renovations for your own personal enjoyment, there is no doubt that some renovations have a higher return on investment (ROI) when it comes time to sell.
Kitchens and master suites are often the two most important rooms to buyers. Minor to moderate (don’t go overboard) remodels of these areas offer a relatively high ROI. Adding square footage in the form of additional bedrooms or living space is another way to add value to your home. But what has the highest ROI?
In this feature video, Dena Dupuie of Hope Realty Texas Team describes the top 4 home improvement projects based on ROI. Not unsurprisingly, the chart toppers for ROI are highly desired by most buyers and also relatively cheap to pull off. In other words, you get a lot of bang for the buck!
It’s important to point out that very few home improvement projects return 100% of their cost at resale. Nevertheless, if you are contemplating a specific home improvement and would like an estimate of ROI, give Dena a call at Hope Realty Texas Team. We have data for the average cost of 21 popular remodeling projects in Central Texas and the expected value those projects will return at resale.
To explore this topic further, request a FREE copy of our new book “Home Improvements That Improve Values”. We’ll mail you a copy right away!