What Is the ROI on Home Renovations?
Are you thinking of spending money on your home to spruce it up? If so, you might be wondering what the ROI on home renovations is. If you plan to sell your home soon or sometime in the future, renovations that add the most value to the house are best.
These Projects Get the Highest ROI on Home Renovations
According to money.com, the following home projects topped the list for highest ROI:
- Refinish hardwood floors: 147%
- New wood flooring: 118%
- Upgrade insulation: 100%
- Converting basement to living area: 86%
- Closet renovation: 83%
- Converting attic to living area: 75%
- Complete kitchen renovation: 75%
- Bathroom renovation: 71%
- Kitchen upgrade: 67%
- New bathroom addition: 63%
- New primary bedroom addition: 56%
Always Hire Professionals for the Highest ROI on Home Renovation
The recovery cost percentages above assume that all the work is professionally done. A professional remodeling company like Reliant Construction Group can do almost everything on the list above. However, for an insulation upgrade, you should hire an insulation company. And for add-ons to your current house footprint, you might need to hire a new construction contractor.
Reliant Construction Group Is the Best Company To Hire for Renovations
The professionals at Reliant Construction Group deliver a quality renovation and the best customer service. Your satisfaction is guaranteed from the initial quote to the final walk-through. Contact us today.
ROI Is Not Always A Factor
Sometimes getting the most money you can on the sale of your home is not an issue. Maybe you don’t plan to sell your home at all. Maybe you just want to renovate for your own pleasure and convenience. There’s nothing wrong with that. But even if you are renovating with an eye toward selling, you should still use professional contracts. That way the job will be done right, the work will be guaranteed, and everything will be done to code.