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Home Improvement Investment Michigan

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

Ken Engelking Builders
269-806-8776
3598 Babylon Rd.
Allegan, MI

M.J. Whelan Construction
248-684-4649
620 N. Milford Rd
Milford, MI

Lincorp | Home Remodeling, Renovations & Restoration
248-788-4950
7290 Carlyle Crossing
West Bloomfield, MI

DE FAUW DESIGN AND REMODELING
(586) 698-8021
18640 MACK AVE. BOX 36141
GROSSE POINTE FARMS, MI

Parko Home Restorations
734-812-3884
43812 Leeann Lane
Canton, MI

A 1st Choice: Joes Quality Home Improvements
586 731-7500
44809 Van Dyke
Utica, MI

The Clean Source
616-457-1903
0-904 Chicago Drive
Jenison, MI

Birch Construction
(231) 799-8453
Muskegon, MI

J & J Home Improvements
(269) 445-8687
156 S Broadway St
Cassopolis, MI

Michigan Stairway
(616) 396-8927
1252 Hearthstone Ct
Holland, 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

Click here to read article at HomeConstructionImprovement.Com

Featured Local Company

Ken Engelking Builders

269-806-8776
3598 Babylon Rd.
Allegan, MI

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