5 Renovations You Should Avoid and 5 Renovations You Should Take On for Your Home!

5 Renovations You Should Avoid and 5 Renovations You Should Take On for Your Home!

By Emilio DiSpirito

The DiSpirito Team

emiliodiv@gmail.com

401-359-2338

www.MyDreamHomeNow.com

Regardless if you are preparing your home to sell or not, your home one day will be hitting the market. It's at that time you will remember reading this article and you'll either thank it or curse it! 

Remodeling a home can be very exciting and costly in the initial approach, however, it will be most costly when you add any of the items from the "5 Lowest Return Renovations" list! 

Here are the top 5 Lowest Return REnovations You can Do in a Home:

(According to http://www.remodeling.hw.net/cost-vs-value/2018/)

1. Backyard patio
1. Average cost $57,147
2. Average resale value $24,889
3. Return on Investment 43.7%
2. Master Suite Addition 
1. Average cost $`130,432
2. Average resale value $67,947
3. Return on Investment 53.2%
3. Bathroom Addition
1. Average cost $47,715
2. Average resale value $26,990
3. Return on Investment 56.5%
4. Kitchen Remodel
1. Average cost $66,845
2. Average resale value $42,753
3. Return on Investment 64.3%
5. Bathroom Remodel 
1. Average cost $20,640
2. Average resale value $14,588
3. Return on Investment 71%

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Here are the 5 Best Items to Renovate in a Home for the Largest Return:

1. Garage Door Replacement
1. Average cost $3,474
2. Average resale value $3,446
3. Return on Investment 99.2%
2. Siding Replacement
1. Average cost $15,885
2. Average resale value $12,659
3. Return on Investment 80.2%
3. Manufactured Stone Veneer
1. Average cost $8,143
2. Average resale value $6,518
3. Return on Investment 80.2%
4. Minor Kitchen Remodel
1. Average cost $22,407
2. Average resale value $17,091
3. Return on Investment 76.1%
5. Vinyl Replacement Windows
1. Average cost $16,213
2. Average resale value $12,152
3. Return on Investment 75%

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