The Renovations That Provide The Best Return On Your Investment

By
Mortgage and Lending with CrossCountry Mortgage, LLC NMLS #3029 NMLS #126036

Renovating a home is not only a way to increase the family’s standard of living but it can also be seen as an investment. There are multiple ways for someone to increase the value of their home and renovations are one of the most straightforward. At the same time, some investments offer a better return than others.

Those who are thinking about selling their home in the future should strive to get every dollar possible. Renovations can make this happen.

Garage Door Replacement

When people think about renovations, they don’t often think about the garage. Some people don’t even include their garage in their square footage because it might not be heated; however, replacing the garage door can provide a major investment return.

In some cases, the value of the garage door itself may double with a simple replacement. While some people dread the prospect of replacing a damaged garage door, even upgrading a working one can lead to a significant return!

Manufactured Stone Veneer

Stone is a popular building material because it provides a sleek look in addition to being versatile. Therefore, it should come as no surprise that a stone veneer will also provide a major investment return. For those who spend around ten thousand dollars on a stone veneer, the value of this investment may nearly double. This provides a great way to not only upgrade the home but also increase its resale value.

Entry Door Replacement

A home’s doors are incredibly important because not only do they a measure of security but also they also draw someone’s eyes. Replacing an entry door may provide an investment return of close to 90 percent. Because this job can be handled quickly by a trained professional, this can be a quick upgrade for those looking to boost the value of their home before selling it.

Plan for Warm Weather Renovations

With the weather starting to heat up, many individuals and families are looking to plan their renovation projects for the summer. Think about the projects wisely as they can have a significant impact on the value of a home. Renovations should be viewed as investments as well as upgrades for the family’s standard of living. 

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For help or questions contact:

Joe Gonzalez

Senior Loan Consultant -  NMLS #126036
GMH Mortgage Services, LLC
625 W. Ridge Pike, Building C, Suite 100 | Conshohocken, PA  19428 | Direct: 610-355-8039 |  Cell: 610-739-6563

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Comments (1)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Joe, great post, and most homeowners THINK every penny they put into their home, they will see on their bottom line.  NOT SO.

Jul 10, 2020 10:07 AM

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