Thursday, 15 November 2018

Libertyville Mortgage: 5 Remodeling Projects With the Best Return

Home remodeling is hotter than ever According to a research done at Harvard University, they found remodeling investments are up six percent from last year and now make up a three hundred and twenty four billion dollar market

According to a survey of re-modelers and real estate professionals, there are five projects that you can do and will get the best return Number one: your kitchen Kitchen remodeling can be as simple or as elaborate as you like, however, to maximize your return, keep your investments in under 20% of the value of your home, as is recommended by surveyed real estate professionals The outcome is a whopping eighty-five percent return on your investment Number two: your bathrooms

A thorough bath remodeling project can cost up to $20,000 However not only will it pay for itself, it should give you an added 80 percent return Number three: your deck Replacing your deck can cost you anywhere from a few thousand dollars to tens of thousands of dollars depending on the size The expected benefit will be similar to a bathroom remodeling project around an 80 percent return for a fresh new deck

Number four: you're siding Fading or worn-out siding can turn off potential buyers before they even step foot in your home Replacing all siding will make it much easier to sell your home and in addition it should give you an 80% return on an investment of around ten thousand dollars Number five: your windows New windows can mean a greater energy efficiency, increased thermal and acoustic comfort, and a more modern look

Home buyers are well aware of this and they are willing to pay accordingly That's why a typical window replacement should yield at least a 70% return on your investment Clearly some of these projects will make more sense for your home than others If you're interested in selling your home, one of these projects could add tens of thousands of dollars to your purchase price If you want to know some more information or talk to us a little bit more about these projects give us a call, we'd be happy to help you

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