A valuable home renovation can mean different things for different people – it depends on how long you plan to stay in your home! If you plan to resell, you’ll want to make renovations with the highest return on investment.
Here are the most profitable:
New Wood Flooring
Unlike Carpet, wood flooring is easy to clean and has been shown to increase home value. For an added accent in the meantime, consider a bright, plush or patterned area rug to liven up your space.
A new roof can recoup almost all of its cost and create durable, long-lasting results. This upgrade is also very attractive for potential home buyers.
HVAC & Insulation
You won’t see these renovations, but you’ll feel the benefits and so will your wallet! HVAC replacements and insulation upgrades will recoup most of their costs, reduce your energy bills, and increase comfort.
Garage Door Replacement
This project improves the appearance of your home and will recoup most of its cost, especially if you plan to sell your home in the near future.