Remodeling: How to gain the best ROI

HOW TO ACHIEVE THE BEST RETURN ON INVESTMENT IN REAL ESTATE

The most popular television programs are about real estate, remodeling homes, real estate investments and improving properties. Channels like HGTV give us inspiration to do upgrades to our homes because the value of our home will increase. Other programs that are super popular feature Do-It-Yourself programs on how to improve your home’s value.

It is human nature for us to enjoy the remodeling of properties, especially when it feels like a “diamond-in-the-rough”.

We are moved by these transformations and begin to wonder…

“With a little elbow-grease and interior design, my home or business could look like that.”

This provoked a question within our office: How do home-owners’ achieve the best return on investment? So, we researched it and found the 2018 List on costvsvalue.com’s research. We wanted to know: what can a home-owner do to their home that will create the best value vs. cost in the long run?

Here are a few you can consider for your next project:

  1. Garage door replacement came in first in the best return on investment.

  2. Adding a manufactured stone veneer to the exterior of your home ranked second.

  3. A wood deck addition is the third highest rank return on your investment.

  4. Even a minor kitchen remodel – which would include all new appliances and refaced cabinets would give you a 81.1% ROI, which ranks in the fourth place for Cost vs. Value’s research.

If you would like to learn more impressive ROI’s, visit costvsvalue.com.

 

Information on ROI’s above are based on the National Cost vs. Value Averages from costvsvalue.com

If you have a dream renovation in mind for your home or business – don’t hesitate – contact The Hardy Group today.

We can tackle your entire home, or one room at a time. The home you will see in the video below received a transformation within the kitchen, the hall bathroom, and the master bathroom. The tile was redone in the entire home, along with widening the screen door and adding a sink to the garage. All of these updates will serve this home owner for years to come, and will bring a desirable Return on Investment whenever the home is put on the market.

Another thing we should mention is all of her updates were complete in seven weeks – she was able to enjoy her upgrades sooner than most remodels. If you need a transformation, look no further, The Hardy Group can provide an entire renovation to your home or business in a hard-to-believe time frame.

We look forward to serving you.