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Ten Renovations That Reap Returns On Investment - Naples Real Estate

7/15/2018

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Ten Renovations That Reap Returns On Investment - Naples Real Estate
Get the most for your money  with these ten renovations that reap returns on investment Making the most of your home improvement investments can be tricky, subjective, and sometimes - expensive. As a real estate professional, I’m often asked by potential sellers to price homes higher than market value based on the improvements that owners have made to the house. Unfortunately, I have to help sellers see that not all improvements are the same in terms of reaping a return. Why? In the eyes of prospective buyers - value can be all a matter of taste. Every year, we look to Remodeling Magazine to spotlight the best renovations for the money, and every year there are some tried and true favorites, and sometimes a few surprises. ​
Item
Approximate Job Cost
Approximate Resale Value
Cost Recouped
Entry Door Replacmen
$1,137
$974
85.6%
Garage Door Replacement
$1,496
$1,132
75.7%
Minor Kitchen Remodel
$18,527
$13,977
75.4%
Window Replacement
$10,708
$7,852
73.3%
Major Kitchen Remodel
$53,931
$37,139
68.9%
These project values are based on a national average. What’s interesting to see is how home improvement values break down even further on a regional level.
Want to learn more about how to get the most from your home investment? Call me today. 239.287.2576.


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