How to Know if a Home Improvement Is Worth It
What are the best home improvement projects to do for the highest return on investment (or ROI)? Today, I’ll go over just a couple options.
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What are the best home improvement projects to do for the highest return on investment (or ROI)?
First of all, paint and carpet will almost always provide the biggest ROI. When replacing carpet or repainting, you will typically get at least the amount you spent, if not more.
The second set of projects I would recommend would be kitchen and bathroom remodels. But, be careful. These will yield the most value in terms of large projects, but you are going to be spending quite a bit of money on these improvements.
“Paint and carpet will almost always provide the biggest ROI.”
In fact, you could spend between $5,000 to $20,000 on a bathroom and between $12,000 to $45,000 on the kitchen. There are a few things you can do to reduce unnecessary costs when making improvements to kitchen and bathrooms.
For one thing, you don’t always need to replace cabinets. There is technology out there today which can efficiently disguise out-dated looking cabinets.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.