Top Renovations for Maximum ROI [INFOGRAPHIC]
- If you’re planning on selling your house in 2020, these are the top renovations that will give you the highest Return on your Investment.
- Regardless of how long you’re planning on staying in your current home, it’s smart to be aware of which home renovations add the most value.
- The exterior of a house is the first thing buyers see when searching for a home. Upgrading your roof or siding will ensure your home leaves a great first impression!
If you need help with renovations, we can recommend the right people!
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Thinking of selling your house in 2020?
Get the biggest bang for your buck with these
Top Renovations for Maximum ROI
1) New Roofing
Buyers may push pause on your home if the think the roof may need to be replaced anytime soon. Make the necessary repair for them, adding more than the value of the repair back in your pocket.
Cost to Complete: $7,500 • Return On Investment: $8,000
2) New Wood Flooring
Dollar signs start adding up when buyers see flooring they know they'll want to replace anyway. Showcase clean and fresh hardwoods in your home for a top-dollar return.
Cost to Complete: $4,700 • Return On Investment: $5,000
3) HVAC Replacement
Prioritizing energy efficient upgrades will make your house even more attractive, driving high return on investment.
Cost to Remodel: $8,200 • Return On Investment: $7,000
4) New Vinyl Siding
Give your exterior of your home a fresh and clean look, so your house has the best curb appeal on the block. New siding can draw buyers in before they even open the door!
Cost to Complete: $15,800 • Return On Investment: $10,000
Source: NAR, NARI