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Home Improvement Investment Massachusetts

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

Bill Britton General Carpentry & Remodeling
978 697-4581
26 Outlook Dr.
Haverhill, MA

S.P.Penlington General Contracting
774-413-9562
240 Hedges Pond Road
Plymouth, MA

Antonio Di Mambro + Associates, Inc.
(617) 350-7284
75 Kneeland Street, Ste. 706
Boston, MA

Hogan Remodeling
978 866 3848
Conoyle St
Lowell, MA

Ravin Remodeling, Inc.
508 660-1500
Po Box 605
Walpole, MA

cordeiro
508 567 6540
barnes st
fall river, MA

Basement Systems of New Hampshire
800-940-0456
11 Hobson Street
Methuen, MA

Port Morris Tile & Marble Corporation
(617) 265-7585
66 Von Hillern Street
Boston, MA

JMM Remodeling Co.
617-538-7137
33 Daly Rd.
Medford, MA

Chagnon Building & Remodeling LLC
413-259-6785
91 Stockbridge Rd.
Hadley, MA

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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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Featured Local Company

Bill Britton General Carpentry & Remodeling

978 697-4581
26 Outlook Dr.
Haverhill, MA

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