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Expert Tips for Navigating the Real Estate Market

My mission at The Queen Team Real Estate is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, I can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Tuesday, July 11, 2017

Which Renovations Will Give You the Most Bang for Your Buck?

Today I want to share with you some home renovations you should consider and some you should avoid if you want a high return on your investment.

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If you’re thinking of making some renovations to your home, how do you know which ones will be a solid investment and which won’t?

It’s key to consider mass appeal for the sake of resale value.

Throughout any renovation process, it’s key to consider mass appeal for the sake of resale value. Whether you’re planning to remain in your home for a while or looking to freshen up the place to put it on the market, here are some renovations experts say will bring the greatest return on your investment:

  • Entry door replacement, 96.6%
  • Deck additions, 87.4%
  • Attic bedroom, 84.3%
  • Garage door replacement, 83.7%
  • Minor kitchen remodeling, 82.7%

On the flip side, here are the renovations that yield the smallest return:

  • Home office remodel, 48.9%
  • Sunroom additions, 51.7%
  • Bathroom additions, 60.1%
  • Backup generators and master suite additions, 67.5%

These are definitely things to consider when thinking about making renovations to your home. If you have any questions about which renovations to make to your home or you’re thinking about buying or selling a home in our market, don’t hesitate to reach out to me. I’d be happy to help.