Which Home Improvements Offer The Highest Return?

When it comes to selling your home you might have heard the accounting acronym ROI. Meaning Return On Investment. What this means for you in terms of Real Estate and selling is Cost Vs. Value: the percentage of money you invest in your home to get it sold returned to you after the deduction of related costs.

As we near Spring selling season we wanted to share with you some of the best projects you can do to help get your home sold with the greatest ROI.

On a national scale, the top five projects with the greatest ROI in the report’s “midrange” cost category are:

  1. Attic Insulation (Fiberglass) (107.7% ROI)
    Average Cost: $1,343
    Average Resale Value: $1,446
  2. Entry Door Replacement (steel) (90.7% ROI)
    Average Cost: $1,413
    Average Resale Value: $1,282
  3. Manufactured Stone Veneer (89.4% ROI)
    Average Cost: $7,851
    Average Resale Value: $7,019
  4. Minor Kitchen Remodel (80.2% ROI)
    Average Cost: $20,830
    Average Resale Value: $16,699
  5.  Garage Door Replacement (76.9% ROI)
    Average Cost: $1,749
    Average Resale Value: $1,345

The top five projects with the greatest ROI in the report’s “upscale” cost category are:

  1. Garage Door Replacement (85.0% ROI)
    Average Cost: $3,304
    Average Resale Value: $2,810
  2. Entry Door Replacement (fiberglass) (77.8% ROI)
    Average Cost: $3,276
    Average Resale Value: $2,550
  3. Window Replacement (vinyl) (73.9% ROI)
    Average Cost: $15,282
    Average Resale Value: $11,286
  4. Window Replacement (wood) (73.0% ROI)
    Average Cost: $18,759
    Average Resale Value: $13,691
  5.  Grand Entrance (fiberglass) (70.1% ROI)
    Average Cost: $8,358
    Average Resale Value: $5,855

 

A few projects with the worst ROI’s include: Bathroom Remodels, Master Suite Additions, Backyard Patio, and adding a Backup Power Generator.

So what do you say? Are you ready to start your next project to help get your home sold?

Do what you can and then let one of our agents handle the rest. Give us a call at 479-271-9595 to get connected to one of our agents that best suit your Real Estate needs.

 

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