Today, we'll discuss what renovations get the most return on your investment. We've researched and figured out what updates will get you the biggest bang for your buck.
First off, changing your front door will get you an 85% return on investment, and it will only cost around $1,100. Adding a wood deck for $9,300 will get you a 77% return, so go ahead and install it now. You can enjoy it, and then when you go to sell, you will get a good return on your investment.
Another upgrade that you can enjoy is replacing the garage door. Not only will this look better, but the new garage door will function better as well. A new garage door costs around $1,500, and you'll get a 76% return.
A minor kitchen remodel could cost you about $19,000. Since the kitchen is a very important room, you can expect at 75% return.
Consider replacing windows as well. Wood windows would run about $11,000, and you'd get a 73% return. Vinyl windows would cost about $10,000 to replace, and give you a 71% return. Replacing the windows will also save you money on your heating and cooling bills.
Finally, remodeling a basement for about $61,000 would get you a 71% return on your value. That's money well spent, and you can enjoy your new basement until it comes time to sell.
If you have any questions about today's video, or want to know other fixes to add value to your home, give me a call or send me an email. I'd be happy to guide you on any renovation decisions.
