Making the Most of Your Home Renovation Dollars

Are you considering a home improvement project? Before you move forward, learn which renovations are most likely to increase your home’s value!

Following are some fun stats:

4.1 - % of added home value for solar panel installation

37 - % of people who would pay at least $10,000 more for a “green” home that reduces utility costs by $1,000 annually

65 - % potential buyers would pay more for a remote-controlled “smart” home

Following are examples of mid-range home improvement projects, the average cost, and the average return on investment percentage when the home is sold.

Room Renovated Average Cost of Project Percentage Recouped at Sale

Kitchen $68,490 59%

Master Bedroom $136,739 59%

Bathroom $21,377 64%

Asphalt Shingle Roof $24,700 66%

Steel Entry Door $1,881 69%

Vinyl Windows $17,461 72%

Wood Deck $14,360 72%

Vinyl Siding $14,359 75%

Fiber Cement Siding $17,008 78%

Garage Door $3,695 94%

Stone Veneer $9,357 96%

We recommend that you take these numbers into consideration when you are deciding what is next on your list for your home renovations!

Please contact us with questions - we are always happy to help!