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8 Home Renovations That Are Good Investments

Kitchen with Granite Island

When it comes to remodeling, there is almost always something you would like to do to make it more comfortable, attractive, or eco-friendly. But, home remodeling experts tell us, if you plan to sell your home at some point, put your time and effort into one of more of these renovations proven to pay you back because they increase the value of the property:

  • Kitchen updates – Usually you don’t need to start by gutting your current kitchen.  When looking at what pays you back the most, upgrading the countertops, and replacing or refacing cabinets and installing new appliances will likely cost about $18,000 – and should return about 97 percent of cost. Oddly, a major remodel involving a total kitchen remodel costing over $100,000 may only return 63 percent of the investment.
  • New garage doors – Nothing contributes more to your curb appeal like new, attractive garage doors. A mid-range replacement will likely return more than 80 percent on your investment.  Make sure it matches the style of your home and that it includes an opener with a reverse mechanism.
  • A wood deck – This is one of those renovations you are likely to get enjoyment from while you still live in your home.  Typically, a $10,000 investment on building a new deck will return about 80 percent of what you spent.
  • Attic conversions – Adding another bedroom or playroom upstairs gives a home more usable living space without increasing its footprint. This kind of remodel investment will likely return 84 percent of a $50,000 project cost.  Keep in mind, however, the additional square footage must be permitted with your city or county building department in order for it to count for comparable purposes.
  • New windows – New, energy–efficient windows throughout your home will save you money on heating and cooling bills – and you will probably get a return of 79 percent on a $10,000 investment.  If you have an older home and are considering window replacement, make sure you spend a little more and get wood windows to match what was there to begin with.  It may cost you a little more, but people who are attracted to older homes want the charm and originality that comes with it.

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