Remodeling: How much should you spend?
Whether you are a new homeowner, a seller preparing your home for the market, or an investor who remodels quick flips, where should you invest your money for the greatest return?
Keller Williams recently distributed some very helpful information which provides valuable insight of where you should be spending your money. The following mid-range remodeling projects will offer the highest returns on your investment.
Entry door replacement
Estimated Cost: $1137
Return on Investment: 85.6%
Wood deck addition
Estimated Cost: $9327
Return on Investment: 77.3%
Garage door replacement
Estimated Cost: $1496
Return on Investment: 75.7%
Minor kitchen remodel
Estimated Cost: $18,527
Return on Investment: 75.4%
Window replacement
Estimated Cost: $9770
Return on Investment: 71.2%
Attic bedroom
Estimated Cost: $47,919
Return on Investment: 72.9%
Major kitchen remodel
Estimated Cost: $53,931
Return on Investment: 68.9%
For more information on building or remodeling your Sarasota, Bradenton, or Longboat Key home please do not hesitate to contact Mark Ursini/ Brista Homes (941-232-1948) or visit BristaHomes.com.
Further Reading:
- Remodel Your Lakewood Ranch Investment Home: The Steps From Start to Finish
- Get Ready to Remodel and Flip!
- In It to Win It: Tips on Submitting an Offer
- Estimate Calculators: A Tool for Investing in Real Estate
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