Home Improvement Investment North Carolina

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

Earth Tech-AECOM
(704) 556-5049
6201 Fairview Road
Charlotte, NC
Harrington & Associates
(704) 364-7518
6701 Fairview Road
Charlotte, NC
Green Design
910-398-3918
PO Box 954
Wrightsville Beach, NC
Remodeling Brokers
828-396-1101
NC
Southern Exposure Sunrooms
919-661-2000
www.southernexposuresunrooms.com
Clayton, NC
MOLDSTOPPERS of the Triad
336-587-0523
1204 Filman Ave.
Reidsville, NC
A M King Construction Company
(704) 365-3160
2115 Rexford Road
Charlotte, NC
Blythe Construction, Inc
(704) 375-8474
PO Box 31635
Charlotte, NC
Cottingham Chalk & Associates - Beverly McKnight
(704) 364-4400
6846 Morrison Boulevard
Charlotte, NC
ART OF INTERIORS
704-630-0083
202 WEBBWOOD LN
GOLD HILL, NC

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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

Earth Tech-AECOM

(704) 556-5049
6201 Fairview Road
Charlotte, NC

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