What Renovations Would Be The Best Investment For Property

Reblogger
Real Estate Broker/Owner

 

Original content by Elijah Addo

Investing Your Renovation Money Over-improving a property is never a sound investment, even if it's going to be your home forever. In creating your wish list of improvements, keep in mind that you want to get the greatest value from every improvement dollar you spend. Your real estate agent can give you an accurate idea of what the return on investment (ROI) wouldbe for your specific area. These guidelines, from Remodeling Magazine's 2007 cost vs. value report, offer the national averages on rates of return on some common home improvements:

Remodeling

Bathroom - 102%

Kitchen - 99%

Basement - 90%

 

Replacement

Siding - 104%

Windows - 90%

Roof - 85%

 

Additions

Bathroom-86%

Family Room - 83%  

 

 

Bathroom - 86%

 

 

Comments (6)

John Combs
Alan Deblat Real Estate Corp. - Oceanside, NY

Helpful answers to questions we often get. NAR also publishes an annual cost vs value improvement list.

Sep 08, 2009 12:58 AM
Jason Simonson
Menomonie, WI
Realty Executives - Menomonie WI

I also have some brochures in my office in North Menomonie Buyers & seller may pick up.

Sep 08, 2009 09:23 AM
C Tann-Starr
Tann Starr & Associates, Inc. - Palm Bay, FL

I have to admit the siding statistic was a very nice surprise. :-)

Sep 08, 2009 12:31 PM
Jason Simonson
Menomonie, WI
Realty Executives - Menomonie WI

I use to tell people that central air was the only item that would give back 100%, As far as home renovations

Sep 08, 2009 10:58 PM
Deeba Khader
Harry Norman, Realtors - Marietta, GA

This is a great reminder to pass along to investor clients or those who will be ready to sell in the next few years.

Sep 16, 2009 02:48 PM
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

Interesting list where only a bathroom remodel is higher than 100% along with siding replacement.

Nov 23, 2012 04:42 PM