Home Improvement Investment Stamford CT

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

T Duggan Woodworking
203-487-6325
54 Research Drive
Stamford ct, CT
Black Dog Remodeling
(203) 329-8878
3043 High Ridge Road
Stamford, CT
Davenport Property Management
(203) 324-3030
78 Harvard Ave Ste 230
Stamford, CT
McZ Home Improvement
(203) 325-9388
965 Hope St
Stamford, CT
Katie Ltd
(203) 325-8102
Stamford, CT
Druehl W C Building & Renovation
(203) 323-2897
39 Kenilworth Dr W
Stamford, CT
Salvatore E R Associates Inc
(203) 324-2276
52 Larkin St
Stamford, CT
Repairs by Russ Llc
(203) 325-9542
31 Glen Ave
Stamford, CT
Westcott Cove Construction
(203) 359-1792
42 Lanell Dr
Stamford, CT
Bailiwick Construction Inc
(203) 968-9282
Stamford, CT

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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

T Duggan Woodworking

203-487-6325
54 Research Drive
Stamford ct, CT
tdwoodworking.com

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