Thursday, May 10, 2018

What Renovations are Worth It?



If you are planning to remodel your kitchen, bathroom, master, suite or more, you may want to check to see if your renovation will be worth it in the end.  Not all home renovation pay off like they did in the past so do your research to ensure you aren’t wasting your money.

Research has shown that in 2018 American should expect to make back only a little over half of the money they spend on their renovation.  That is down from previous years.

Current events such as new tax laws and property taxes might affect your home improvements and how much you can expect to make back from them.  Natural disaster can also increase the cost to do your remodel.

A new garage door might surprise you as the improvement that will pay for itself by earning 98.3% of your money back.  A new back patio will only allow you to earn back 48% of your expenses.  Minor kitchen remodel, siding replacement, window replacement, bathroom remodel and roof replacement will allow you to earn back well over half of your investment. 

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