Home Renovation Projects with the Best ROI

by Ron & Lisa Beres on March 7, 2017 · 1 comment

Home Renovation Projects with the Best ROI

From rustic coastal to farmhouse chic, we have become a renovation nation. With so many tools, apps, websites and visuals at our fingertips, most of us are ready to channel our inner-Chip & Joanna Gaines at a moment’s notice.

But before you dip into your home equity or take out a second mortgage, have you considered what kind of return on investment (ROI) you can expect when upgrading certain items in your home and which projects to prioritize first? For example, when selling a property, the kitchen is often the room that will make or break a sale. Kitchen projects that are budgeted between 6% and 10% of the total home value will see the highest return on investment. Carrying out a home improvement project should involve some thought and research. You need to think about what goals you are trying to achieve and those goals may differ from the norm should you plan on selling the home in the future. You may specifically want to do some home project that will help to drive up the selling price of your property. Learn more and let us know your favorite DIY home renovation project in the comments below.

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