Home remodeling projects that add value can provide significant returns, enhancing your living experience now, and when it comes time to sell, you can recover some of your investment. Below are the estimated returns on investment (ROI) for various home improvements. As the ROI percentages decrease, the potential resale value also diminishes. Remember, there are many reasons to remodel, and your enjoyment of the space is invaluable. If remodeling will make you happier, that benefit is priceless! Avoid costly renovations that do not offer a good return, and focus on projects that will hold their value. 

If you're thinking of selling soon, these remodeling projects with the greatest return can guide you in deciding whether or not you want to invest the time and money or sell without making changes. Selling a home for more may mean some updating. Here is the return on your investment if you decide on home improvement before selling.

  • Manufactured Stone Veneer 94%
  • Garage Door Replacement 93.8%
  • Siding Replacement (fiber-cement) 80.5%
  • Deck Addition (wood) 77%
  • Kitchen Remodel (minor) 76.3%
  • Siding Replacement (vinyl) 76%
  • Window Replacement (vinyl) 73.2%
  • Window Replacement (wood) 68.2%
  • Entry Door Replacement (steel) 67%
  • Deck Addition (composite) 66.6%
  • Roofing Replacement (asphalt shingle) 60.7%
  • Bath Remodel (midrange)60.1%
  • Kitchen Remodel (midrange) 58.7%
  • Roofing Replacement (metal) 56.1%
  • Bath Remodel (upscale) 54.8%
  • Master Suite Addition (midrange) 54.7%
  • Major Kitchen Remodel (upscale) 53.9%
  • Bathroom Addition (midrange) 53.1%
  • Bathroom Addition (upscale) 52.8%
  • Master Suite Addition (upscale) 47.7%

Once you're clear on whether or not your dream kitchen (or other remodel) is worth the investment, you'll be free to make an intelligent decision. Remember, home improvement is emotionally expensive too. When factoring expenses, design, materials, and more, including how much it will cost if you don't make the improvements. Your happiness and peace of mind are also valuable commodities. In many cases, putting a price on that isn't easy. 

Holding to remodeling projects with value makes you a more savvy real estate investor. and a more brilliant seller. That will pay off in dollars and cents when it's time to put the property on the market.

For additional information on remodeling projects that hold value, Contact Us or visit our website at www.monaleonard.com