If you’re thinking about a home renovation, read this post first!
Customizing a home to your tastes is one of the best things about home ownership, but before swinging that sledgehammer there are a few things you should know to make sure you get max ROI. Check out a few Insights from the National Association of REALTORS® (NAR)’s 2022 Remodeling Impact Report:
Top 5 interior reno projects for max ROI:
- Hardwood floor refinish: 147%
- New wood flooring: 118%
- Insulation upgrade: 100%
- Finish basement area: 86%
- Closet reno: 83%
Further down on the list?
- Bathroom reno: 71%
- Kitchen upgrade: 67%
Top 5 exterior reno projects for max ROI:
- Replace roof: 100%
- Garage door replacement: 100%
- Upgrade to fiber cement siding: 86%
- Vinyl siding replacement: 82%
- Vinyl windows: 67%
All of the renos on this list would be thumbs up from where we sit! Got another idea you’re mulling over? Contact us and let’s chat about how it may impact your home’s value.
