highly attractive to the right buyer.
With respect to ROI in general, it’s worth noting that the numbers will vary, depending on what market you are in. Most recently, the Mountain region (Colorado, New Mexico, Arizona, Idaho, Utah, Nevada) showed the best returns on home remodeling and home improvement projects, with New England and the Mid-Atlantic region also showing strong returns, according to the 2023 Cos t vs. Value report from Remodeling magazine.
Remodeling
It’s important to carry that good impression from the exterior through to the interior with further improvements. As with all other aspects of home improvement, there are better and worse ways to spend your money. As the adage goes, kitchens sell houses. Citing Remodeling magazine, kitchen remodels average a return of 79.3% nationwide, making it the best investment for a total remodeling project.
Other good remodel projects to consider include: • Bathroom remodel: 66% • Deck addition: 50%
I’ll warn you now that these projects can prove costly, with the national average cost for jobs on this scale running in the tens of thousands of dollars. Be sure to carefully consider just how much you’re willing to spend, and what’s in demand in your market to maximize the return on such a large investment.
Important Points to Keep in Mind
When you’re fixing up your fixer-upper, it’s important to take into consideration that buyers might not have the same taste or style as you — and even if they do, they only see the finished 61
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