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Renovation Projects on Your Wish List (and What They’ll Cost!)!
By: Amy Howell Hirt
 
Some might not cost you a dime in the end — if you do them right.
 
You’ve got the enthusiasm. You’ve got the dream. The budget?
 
Weeeell … Budget-conscious homeowners sometimes put off a home renovation they really, really want because it feels like a treat, rather than an investment.
 
But if you look at the data — found in the “Remodeling Impact Report” from the NATIONAL ASSOCIATION OF REALTORS® — that “treat” could be a super-smart financial thing to do.
 
See for yourself. Here are the projects most homeowners covet, what they cost (keep in mind, these are pro-installation costs), and whether that cost will pay for itself:
 
Deck or Patio: $6,400 - $9,450:
Decks and patios, which are among the most-loved projects by homeowners, are legit investments. Both can return more than 100% of your renovation costs if you sell. (A free deck isn’t bad, eh?)
 
So get that Adirondack out of the dirt. Treating yourself to a patio or deck is an investment you can love and profit from.
 
New Hardwood Floors: $5,500:
A span of luscious hardwood is some seriously rewarding eye candy: It lasts for decades and typically returns 91% of your investment.
 
Tip that ROI scale closer to 100% with these money-saving tips:
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