Not all home improvements are created equal when it comes to getting a return on your investment when you sell your home.
According to Remodeling magazine’s most recent Cost vs. Value report, some of the projects with the highest expected return on investment are siding replacement, entry door replacement, attic bedroom addition, minor kitchen remodel and garage door replacement. Other renovations with high expected pay-offs include basement remodel, deck addition and window replacement.
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, advised homeowners to use discretion when deciding which home improvement projects to take on, saying that not all renovations positively impact property values.
“Projects that take a home significantly beyond community norms are often not worth the cost when the owner sells the home,” said Appraisal Institute President Richard L. Borges II, MAI, SRA. “If they don’t match what’s standard in a community, they’ll be considered excessive.”
Learn more about which home improvements offer …