When it comes to remodeling, which project offers the biggest return on resale? According to the Remodeling magazine report, bathroom additions offer the highest return on investment, with an average of 86.4%. Adding attic bedrooms, family rooms and glazed terraces can also yield a substantial return of between 70-80%, not to mention the value of enjoying all that new space. Generally speaking, homeowners can expect an ROI of 70% on average with home renovation projects. Kitchen remodels are a great way to increase resale value, as they often involve a lot of usability improvements that buyers love.
Replacing a garage door is another great option, with an ROI of 93%. These are some of the best home improvement projects for increasing the value of your home. Even if you spend a lot of money on a renovation project, you can still expect to get a 68% return on investment, as well as greater energy efficiency and an additional visual touch both inside and outside your home. Some people think that renovating a kitchen, adding a terrace or remodeling a bathroom can be expensive.
However, this is usually only done when buying and selling a home, so it can be difficult to calculate how much value these projects add. One project that offers an impressive return on investment is replacing your garage door - this curb appeal enhancer could help you recover almost all (93.3%) of what you spent when you sell your home. Ultimately, the main reason for undertaking any home remodeling project as an owner-occupant is the pleasure that comes from living in a renovated home.
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