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!