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Monday, September 16, 2013

How You Can Get the Highest Return on Investment Part 2



Hey, everyone! The last time we talked we discussed return rates on home investment projects. Today, I have a few more projects homeowners ask me about.

  1. Garage doors - Much like the front door, the garage door is one of the first things a buyer sees. Replacing your dented and damaged garage door can get you a 75 percent investment return.
  2. Kitchen Renovations -  This can be replacing cabinet doors or countertops, etc. Such renovations are expensive but they add tremendous value to your home and you can enjoy a beautiful kitchen while you are living there. You’ll get about a 75 percent return as well.
  3. Windows - Replacing windows can be an expensive project, but along with adding an aesthetic element it also can save you money on your electricity and heating bill. Expect about a 73 percent return.
  4. Renovating the attic into a bedroom -  Again, you will see about a 73 percent return.
  5. Finished Basements - Your return depends a lot on what kind of basement you have: is it a walk out? Are there windows? How many features were added to the basement? On average, you can expect about a 70 percent return.
  6. Second-story addition - This is a major renovation and not as much of an investment return at 65 percent.
  7. Bathroom remodeling - This could be replacing fixtures and other minor updates; you can expect a 65 percent return.
These are few things that can add value to your home. Each property is different, so give me a call and we can discuss how we can add value specific to your home’s needs.

Thanks for watching!

Friday, September 6, 2013

How You Can Get the Highest Return on Investment Part 1



Hey, guys. We’ve been talking a lot about price increases lately. In fact, in the last 12 months we’ve had the highest price increases since 2006.

Because of this, a lot of homeowner’s have finally gotten around to those home projects they’ve been avoiding. A lot of homeowners want to know what type of financial return they can expect from their projects.

Well, for the average project you can expect about a 60 percent return. I have a list, though, of some things you can do to improve your home and get a higher return!
  1. Front door. Your front door is the threshold of your home. It’s one of the very first impressions the buyer has. Find a complimentary color and a design that matches the home. You can expect around an 86 percent return.
  2. Siding. It’s important for your home to be up-to-date. A popular siding is hardiplank. Adding or replacing siding can give you an investment return of around 80 percent!
  3. Deck. Everyone loves a good deck to enjoy beautiful weather or to have friends over for entertaining. If you build a sizable deck (around 10x16) you can see a return of 77 percent.
These are just a few things that add tremendous value to your home. Next week I’ll have even more for you!

If you have any questions, please give me a call at 814.880.2308!