Buying a home? Click here to start your new home search
Selling a home? Click here for an INSTANT Home Value Check
Call us at (208) 501-8200 for a FREE home buying or selling consultation
Home remodeling is more popular than ever!
Popular shows on HGTV and inspiration created by Pinterest posts have more people making improvements around their home. But out of all the possible remodeling projects people are doing, which ones actually pay off the most?
John West of West Real Estate Group shares five remodeling projects that offer the best returns:
1. Your kitchen
Kitchen remodeling can be done as simple or as elaborate as you like.However, to maximize your return keep your total investment to under 20% of the value of your home. This project can have you seeing a whopping 85% return on your investment.
2. Your bathroom
A complete bathroom remodeling project can cost upwards of $20,000. However, based on the numbers researched, it's definitely worth it. Not only will this project pay for itself, but it could give you an added 80% return.
3. Your deck
Building or replacing a backyard deck can cost anywhere from a few thousand dollars to tens of thousands of dollars, depending on the size and materials used. The expected benefit is similar to a bathroom remodeling project—around an 80% return.
4. Your siding
Fading or worn-out siding can turn off potential buyers before they even step foot in your home as it's the first thing they see.
Replacing old siding will certainly make it much easier to sell your home, and should give you an 80% return on an investment of around $10,000.
5. Your windows
New windows offer greater energy efficiency, increased thermal and acoustic comfort, and a more modern look and Homebuyers intuitively know this, and they are willing to pay to have this update on their new home.That is why an average window replacement should yield at least a 70% return on your investment.
These are the 5 top remodeling projects in terms of ROI.
Clearly, some of these projects will make more sense for your home than others.
If you're considering selling your home, then just one of these projects could add thousands of dollars to the price you'll be able to get when your home sells.
To get an idea of what your home is worth in current market without these renovations, check out our home value calculator that takes into account recent sales:
Click here to find how what your home is worth INSTANTLY.
If you want additional advice about which remodeling projects make sense for you, give us a call at 208-501-8200. We can discuss all the details, and we can give you an accurate estimate of what these projects could be worth to you.