Home Improvement Investment Escanaba MI

With the popularity of do-it-yourself remodeling many people are tackling more and more projects. Many home improvement projects may sound valuable to the person doing it but in reality a potential buyer may not care at all about the renovation.

Local Companies

Arkens Restoration & Repair
(906) 789-1842
608 S 14th St
Escanaba, MI
Boucher Siding
(906) 786-3912
2286 19th Ln
Escanaba, MI
Allstate Construction Co
(248) 528-1600
3780 Rochester Rd
Troy, MI
Design Home Improvement
(313) 582-3519
20813 Joy Rd
Detroit, MI
Parkview Remodeling Co
(586) 777-5151
21714 Lakeview St
Saint Clair Shores, MI
Benchmark Building Company
(586) 468-1300
31175 N River Rd
Harrison Township, MI
Seaglund Robert
(248) 375-8940
2945 Meadowbrook Dr
Rochester Hills, MI
Access-Ability
(248) 922-9600
7508 M E Cad Blvd Ste A
Clarkston, MI
Tri City Remodeling
(989) 790-0550
3700 Centennial Dr
Midland, MI
C & R Contracting
(616) 363-3483
1290 Brynell Ct NE
Grand Rapids, MI

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Lately I've had several questions from people about what different type of renovations give the best return on their investment when they sell. With the popularity of do-it-yourself remodeling many people are tackling more and more projects. Many home improvement projects may sound valuable to the person doing it but in reality a potential buyer may not care at all about the renovation.

One popular renovation that many people tackle is finishing a basement. However, according to recent polls most basement renovations only return about 50% of your investment. So a typical basement remodel that costs $25,000 may only net you $12,500 when you sell the house.

The two most rewarding renovations are remodeling your kitchen or bathroom. Typical kitchen and bathroom remodeling projects return between 75% and 90% of your investment. Not only are those projects financially rewarding kitchens and bathrooms really do help sell the house. An updated kitchen can make the difference between your house and one down the street thats still stuck in the 80's!

One statistic that I read I have a hard time believing. The article said that fireplaces and decks only yield about 10%, or the same as installing a hot tub or pool. While I can see the argument for the the hot tub and pool I tend to disagree with the fireplace and deck. I think fireplaces and decks can make the difference in your sale and while that may not relate directly to your investment, selling versus not selling can add up to significant dollars.

The bottom line is when you plan your next home improvement project make sure you evaluate why you're doing that project. If you're doing it to help sell your house in the future you may spend you money on the kitchen or bathroom. If you're doing it for your own enjoyment than the hot tub or pool might be just the thing you need.

Home Improvement Investment
Home Improvement

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