Home Improvement


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		Considering upgrades that may provide a higher return on investment. Homeowners often ask if home improvements projects provide a good return on investment. We’ve compiled a list of projects from a variety of publicly available sources. The following breakdowns identify the most popular projects and the percentage of the costs you can reasonably expect to recoup if you ever decide to sell. Please think of this as a general guide only. Kitchen Update—81% One of the best improvements homeowners can make. Minor kitchen remodels return more value than any others. Kitchen Redo—70% A major kitchen remodel is a valuable sales tool for sellers — and a kitchen becomes even more valuable if it’s designed for the broadest possible market. Bathroom Addition—72% Extra bathrooms almost always turn out to be a major selling point. Bathroom Remodel—71% Real estate pros agree that a bathroom remodel is one of the smartest moves a homeowner can undertake—and one of the largest to recoup at resale. More Room for Family—71% Adding a family room to your home is on the rise—and easy to recoup the investment. Suite Addition—68% A pricey investment, but home sellers can expect to get back an average of 68% if they sell within the year. If you start with a two-bedroom, one-bath house and add a master suite, the value of your house can increase substantially. Second Story Addition—62% The perfect solution for growing families. Requires extra attention to make sure that existing foundation can support such a structure and that addition doesn’t look like it was tacked on. New Windows—56% Drafty, inefficient windows should be replaced by the new energy efficient windows. They’re relatively inexpensive and aesthetically pleasing, too. Deck Addition—54% Decks extend the house to the outdoors and provide more space to relax and entertain. Often capitalized upon to help close a buyer. Designated Home Office—50% Home offices appeal to executives, self-employed business owners as well as the growing number of telecommuters. While not the highest return on the list, they do offer a sizeable ROI.