There’s no doubt that home improvement projects can add significant value to your home, but not all upgrades are a worthwhile investment. While some projects will basically pay for themselves, others won’t even get close — coming in at a loss.
If you want to improve your home’s aesthetic while also boosting its value for a future sale, you’ll want to choose your projects carefully. Make sure to heed these stats before deciding which ones to tackle.
Highest ROI Home Improvement Projects
Your best bet: Focus on curb appeal. Upgrades to exterior areas saw serious growth over the last year. Wood deck additions, stone veneer installation and new garage doors offer the highest return on your investment.
- Garage Door Replacement: Average Cost $3,470 | Cost Recouped 98.3 percent
- Manufactured Stone Veneer: Average Cost $8,221 | Cost Recouped 97.1 percent
- Steel Entry Door Replacement: Average Cost $1,471 | Cost Recouped 91.3 percent
- Wood Deck Addition: Average Cost $10,950 | Cost Recouped 82.8 percent.
Lowest ROI Home Improvement Projects:
What projects might be best to skip? On average, backyard patios, master suite additions and major kitchen remodels net low returns.
- Backyard Patio: Average Cost $54,130 | Cost Recouped 47.6 percent
- Master Suite Addition: Average Cost $256,229 | Cost Recouped 48.3 percent
- Major Kitchen Remodel: Average Cost $125,721 | Cost Recouped 53.5 percent
- Bathroom Addition: Average Cost $83,869 | Cost Recouped 54.6 percent
As you can see, there’s a pretty big difference in the projects that deliver and the ones that just don’t measure up. Make sure to do your research and choose your home improvement projects carefully before moving forward — especially if you plan to sell your home down the line.
Thing about selling your home? The W. Scott Sheppard team is always here to help! Call today for your free home evaluation. Stacy 856-364-0772
Prepping and staging a house. Every seller wants their home to sell fast and bring top dollar. Does that sound good to you? Well, it’s not luck that makes that happen. It’s careful planning and knowing how to professionally spruce up your home that will send home buyers scurrying for their checkbooks. Here is how to prep a house and turn it into an irresistible and marketable home.
This excerpt from the balance.com
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Nice 2 story home in Vineland NJ just needs a little TLC. First floor includes foyer, living room, dining room and eat in kitchen all 3 rooms are very large.
Upstairs are 3 nice sized bedrooms and a huge bath. The house sits on a beautiful corner lot and is close to shopping & schools. Call today and ask about property #40!
Stacy L. Schnell
This 2 story home boasts over 2900 sq feet & features 3 beds & 2 baths . It is situated on large lot in Vineland, NJ. Home has been completely remodeled from top to bottom. Lots of extra storage in the large, open kitchen featuring 42 inch cabinets & a center island. Beautiful hardwood & tile floors throughout, 9 ft ceilings & a fireplace in the living room. Home offers upgraded electrical service, newer pella windows & a newer roof PLUS Dual heating & AC units make this home more than efficient & affordable! Master bedroom features a nice walk in closet plus 2 additional closets. The back entrance allows direct access up to bedroom for additional privacy & also has a whirlpool tub in upper bath. Home has a very spacious & open attic with nice hardwood floors. This home has so many possibilities could even be 5 beds down and 3 up or a library, workout room or office. Large, open finished basement with extra an sink area & cabinets. Inside & outside entrance to heated basement. Nicely landscaped yard offers plenty of room for entertaining. SO many possibilities with this spacious and unique home… too many upgrades to say. A must see, photos do no justice to this finely kept home. Call today to schedule your private tour. Owner says make an offer!!! Stacy Schnell 856-364-0772
Click here to visit my website online anytime to search for your dream home!
Many young workers today find that home prices are rising faster than their pay, making it harder for them to set aside the cash they need for the purchase, studies show.
The typical first-time home buyer today purchases a house that costs 2.6 times his or her annual income, according to a report released by Zillow this week. In the 1970s, new home buyers found homes that cost about 1.7 times their annual pay, the study found.The shift means that people need bigger down payments to make the transition to home ownership. At the same time, they face obstacles that make it harder for them to save, such as student loan bills, higher rent costs and more expensive child care.People have to strive for more expensive homes today than they did in the past because home prices have appreciated over time while wages have stayed mostly flat, says Svenja Gudell, chief economist for Zillow. “We’re seeing that first-time home buyers are renting for longer,” Gudell says. “Homes are more expensive so it takes them a while to get to that stage in their life.”
This excerpt taken from NJ Real Estate Report.
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Adorable ranch home! 2 beds -3 beds possible and 1 .5 bath. Charming bow window in living room, eat in kitchen, hardwood floors under wall to wall, security system, enclosed porch with screens & storms for all year enjoyment. Nicely landscaped fenced yard with 2 sheds. MANY updates including newer roof, C/A condenser, water heater, oil heater & oil tank. Large basement with half bath. Can be used for entertaining, storage or easily finished off into more living space. So many possibilities! Call Stacy today to schedule your tour. 856-364-0772