Projects That Pay: Home Renovations with the Highest ROI

Dated: March 4 2020

Views: 540

Not all home renovation projects are created equal. One question that every person asks themselves before embarking on the journey of renovating their home is, “How much of this money will I be able to get back when I sell my house?” While there is no definitive answer, there are a myriad of factors that come into play when deciding on a budget and what areas of your home to allocate the spending. 

Considerations such as your home’s current value and the comps of properties in the surrounding area should factor into your decision. According to Space Coast Daily’s “Market Watch,” the median sales price for Brevard single family homes and townhomes/condos is up 1.5% and 10.8%, respectively.  Click here to get a free market value of your home.

Selecting remodeling projects that have the highest return on investment will get you the most bang for your buck and a higher value for your home when it comes time to sell. Even if you aren’t looking to sell your home, and would like to refinance, renovations are taken into account when your home’s current market value is assessed by a property appraiser. 

Since many remodeling projects can get pricey, it’s important to know which home renovations will add the most value to your home when it comes time to sell. Here are four home remodeling projects that deliver the highest returns, according to Bankrate.

Latest Blog Posts

Finding An Investment Property In Brevard County: 3 Things Real Estate Investors Need To Know

Investors across the U.S. are snapping up property in Brevard County. With the area showing consistent economic growth, a thriving commerce industry, and world-class attractions, it's easy to see

Read More

What Is A Financing Contingency? Everything Brevard County Sellers Need To Know

At Realty World Curri Properties, we have seen just about every type of contingency that buyers and sellers can write into a contract. Financing contingencies are extremely common in real estate

Read More

"As-Is" Versus Standard Real Estate Contract: What Brevard County Homeowners Need To Know

In Florida, there are two main residential purchase contracts that buyers and sellers typically use:FAR/BAR "As-Is" Contract for Sale and PurchaseFAR/BAR Residential Contract for Sale and Purchase

Read More

Closing Costs in Florida: What Sellers Need To Know

Closing costs for sellers; let's face it — they exist and impact your bottom line. As a home seller, you need to know the costs of selling your home, and it's crucial to factor closing costs

Read More