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Home Improvement Investment Virginia

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

South River Contracting
540 294-0378
2695 Barterbrook Rd
Staunton, VA

Vintage Wine Rooms
703-350-9157
2473 Huntington Park Dr.
Alexandria, VA

Multiple Property Services LLC
703-732-1534
7500 Seabrook Lane
Springfield, VA

Kitchen King Cabinets
757-467-5400
5280 Fairfield Shopping Center
Virginia Beach, VA

Ryan reph Remodeling, Inc.
703 596 0343
121 N. Fillmore Avenue suite 8
sterling, VA

T. Michael Madden Renovations & Remodeling
703.909.3321
3 Marshall Lane
Stafford, VA

Mr. Lee's Handyman Services
703-582-5123
503 Garrison Woods Dr
Stafford, VA

Signature WoodCrafters
(703) 754-6801
6612 James Madison Highway
Haymarket, VA

Buckley J & Associates Inc
(703) 451-3572
9300 Old Keene Mill Rd Ste F
Burke, VA

Ays-At Your Service Co
(703) 437-9265
Fairfax, VA

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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

South River Contracting

540 294-0378
2695 Barterbrook Rd
Staunton, VA

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