The short answer is “yes!” Not all home renovation projects are created equal. For example, Your planned project may add some much-needed visual upgrades, but a prospective buyer will often only find it attractive if it also brings some added usability.
The ROI from your home improvement depends on several factors:
- Project type
- Real estate market
- Location
- Timing
What Are Some Of The Best Choices For Home Improvement Projects?
When it comes to getting the best return for your home renovation project, a few selections will bring you the best results – and the home remodeling project with the highest ROI may be a surprise! Though not a particularly trendy or costly project, a garage door replacement comes in first with an ROI of 100.0%, which means the average cost of a garage door replacement equals the average expected value added to a home!
- Replace garage door
- Kitchen remodel
- Bathroom remodel
- Adding a composite deck or patio
- Painting
- Wood window replacement
Other projects have a potential pay-off over time:
- High-end renovations
- Installing a pool (An inground pool is the most uncertain when estimating the value added. Some homebuyers may prioritize having a pool, while others may not see it as a plus, given the regularly required maintenance and recurring costs.)
- Backyard renovation
What Are The Least Lucrative Home Remodeling Design Concepts?
The home remodeling concepts that will give you the least return on your investment are:
- Garage addition
- Siding replacement (we suggest stone veneer instead)
- Luxury upgrades
- Finished basement
The Ascension General Contractors team can help you plan and execute your home remodeling project, and we know which ones will bring you the best ROI. We offer full-service general contracting for commercial and residential properties, specializing in property repair and renovation.
We are experienced, dependable, licensed, insured, and fully bonded – and proud to have served home and business owners in the Nashville community for over a decade. Call us about your Nashville home remodel at (615) 802 9057.
We look forward to earning your business!