Home Renovations With The Best ROI

Home Renovations That Increase ROI

Want to make your money back when you sell? Look to these top home renovations!

It’s a common misconception that kitchen and bathroom remodels return the most amount of money put into them when a home sells. In fact, they don’t even make the top five renovation projects in terms of ROI! These types of remodels continue to be extremely popular and likely will be for the wow-effect they offer, but they’re also expensive. These are renovation projects you should take on if you actually need to update the room, not just because you want to net a high ROI.

Each year, Remodeling Magazine conducts a study examining the return on investment for different types of remodel projects. They discovered that these five projects are actually the ones that give you the most bang for your buck. Without further ado, here are the top five remodel projects with the best ROI for the homeowner!

  1. Change out your existing front door for a new steel door and net a 96.9 percent return on your investment.
  2. Remodels don’t have to be contained indoors! Add a new wood deck for an 87.4 percent ROI.
  3. Update your home’s siding with fiber-cement siding to get 87 percent of your money back when you sell!
  4. Look up when adding an extra bedroom; an attic bedroom will offer you an 84.3 percent ROI.
  5. Amp up your curb appeal and get an 83.7 percent return on your investment when you swap your old garage door for a new one.

After you finish these money savvy remodels, it’s important you protect the investment you made so you can actually realize its returns! For the right homeowners insurance to protect the increased value of your home after your remodel is complete, contact ISU Insurance Services – Cormarc Tasman in Murrieta, California.