Remodelling Projects and their R.O.I.
Before starting a remodelling project, most homeowners will be interested in finding out both how much it will end up costing as well as how much it will increase the value of their home by. By upgrading your home, you'll both get the advantage of your home becoming a more comfortable place to be, but at the same time you will often recoup a lot of the remodeling costs when you sell the house again as the upgrades have added to the overall value of your home.
However, the amount of money you will end up recouping depends on a range of different things. First of all, some types of remodeling upgrades will simply be better investments. For example, homeowners recoup an average of 80.7% when they choose to replace the garage door, while making an additional bathroom will on average allow you to recoup 57.8% of your investment.
To help you, Contractor Quotes has made an infographic that looks at popular remodelling projects and how much they increase home value by, on average. At the same time, this infographic explains the most important things you need to be aware of with the different remodeling projects. Hopefully, it'll give you some ideas and some insights allowing you to feel more prepared for your next remodeling project.
Remodelling Projects
About the Publisher
Bo Kauffmann is a residential real estate agent with over 18 yrs experience in helping buyers and sellers achieve their goals. Inducted into the REMAX Hall of Fame in 2010 and receiving the REMAX Lifetime Achievement Award in 2019, Bo has sold over 500 houses and condos in the Greater Winnipeg market. He is an accredited buyer representative (A.B.R.) and a Luxury Home Marketing Specialist.
Bo provides exceptional service to First-Time Home-Buyers, Seniors looking to downsize and Home Sellers of all ages.
He can be reached easily By E-Mail or call/text him Call/Text Here
Never miss an episode of our real estate podcast. Install our FREE Podcast App available on iOS and Android. For your Apple Devices, click here to install our iOS App. For your Android Devices, click here to install our Android App. Check my videos on Youtube
Winnipeg Home Finder - Bo Kauffmann
These projects add value to your home.
Carol Martin
This blog gives a different perception towards real estate business. That is good. Real estate business is growing in a rapidly manner in day to day basis. I glad to read this blog as I found this one very informative. The thought of business lead and way of marketing is really appreciable. Every builders should read this. nice post.
Bo Kauffmann
Thank you very much for the nice comment. I am finding that commenting on blogs is a disappearing art, so a nice, relevant comment is very appreciated.
Heidi
Thanks, will have to check out other things. We will be selling our home in 1-5 years, meanwhile we are fixing stuff up to enjoy before selling. I’ll have to check out other posts. Things such as should we get rid of popcorn ceilings and old brown cheap bedroom doors.
Bo Kauffmann
Thank you Heidi. I think you will find that replacing the doors is fairly easy inexpensive and also gives a good return on your investments. While replacing the popcorn ceiling is a good idea, it wont be cheap, and is often messy….. thanks for visiting my blog
Odin Wallace
Awesome graphic – great information. Thank you for sharing. I shared it with others.
Bo Kauffmann
Thank you, Odin. I appreciate your visit.