Whether you’re looking to sell or just sprucing up your place, there’s some projects you can do around the house to boost the value of your home and help you when it comes time to list.
Kentucky Realtor magazine conducted a survey in spring of 2017 of consumers, industry professionals, and real estate agents on what projects can boost a home’s value and by how much. Results are listed below, with curb appeal projects such as new doors, windows, and siding showed a higher return on investment (ROI).
Top 10 projects with greatest ROI:
-Attic Insulation (Fiberglass)
-Entry Door Replacement (Steel)
-Manufactured Stone Veneer
-Garage Door Replacement (“Upscale”)
-Minor Kitchen Remodel
-Entry Door Replacement (Fiberglass)
-Garage Door Replacement (“Midrange”)
-Window Replacement (Vinyl)
-Window Replacement (Wood)
-Grand Entrance (Fiberglass)
Bottom 10 projects with lowest ROI:
-Bathroom Addition (“Midrange”)
-Backup Power Generator
-Bathroom Addition (“Upscale”)
-Major Kitchen Remodel
-Master Suite Addition
These are important to pay attention to if you’re looking at an addition, replacement, or remodel because what you’re putting money into now, may or may not give back when you go to sell. Consider what you want in your home right now, what you can afford, and what makes sense.
For more information on these lists and companies that can help you with replacements, remodels, or additions, contact The Elizabeth Monarch Group or visit our website at theelizabethmonarchgroup.com. If you are looking to buy or sell, call us at 502-371-1155.