Friday, June 28, 2013
Smart Home Improvement Projects Part II
Last week we listed the top 5 home improvement projects, based on the average ROI, from Remodeling Magazine's most recent comprehensive survey. (For you non-accountants, ROI is Return On Investment. In this case it is the increased value of your home based upon the investment price of the improvement.) This week we are sharing more statistics to help you decide what to update at your home this year.
•Give an old vanity a facelift with a new countertop for a clean fresh look buyers will love.
#7 Major Kitchen Remodel
Average return at resale: 91 percent
•An eat-in kitchen is a big plus - give it a deluxe touch with a built in banquet or bench and nice pillows.
•Planning to sell? Stick with neutral colors for walls and window treatments. Remodeling to please yourself? Choose colors you love.
Average return at resale: 90.3 percent
•Use bold plantings to emphasize features, or to distract the eye from flaws.
•Run-down stairs lower your profit margin, so make sure porch railings are safe and attractive.
Average return at resale: 90.1 percent