Top Home Renovations with Maximum ROI

January 24, 2020 4:18 pm

Are you considering a home renovation project or even selling your home this year? The National Association of Realtors has released data showing the home renovation projects with the highest return on investment:

  1. Roofing – Adding a new roof on your home can provide a return of 107% on average. New roofing can be very appealing to homebuyers because home roofs should be replaced around every 20 years.
  2. Hardwood Flooring – Adding new hardwood flooring to your home can provide an average return of 106%. Homebuyers know that hardwood flooring is sturdy and timeless, making it an appealing feature.
  3. HVAC System – Giving your HVAC system an energy-efficient upgrade can provide an 85% return. Buyers will love the idea of a lower energy bill and a new system.
  4. Vinyl Siding – Curb appeal is the best way to lure in homebuyers. By giving your vinyl siding a facelift, you can expect a return of around 63%.

If you are interested in buying a new home or refinancing your current home, I would love to help! If you need an excellent renovation contractor, I would be happy to refer you to one of my trusted business partners. Call me today to set up an appointment.

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