Honey Do list and Your Leisure – Renovation Return on Investment


You have heard us say that owning a home has a bunch of life quality value. But, very little will cost you more in leisure time. If you are planning to do some renovations – be warned – they will not probably add as much value to you home as an investment as you might think. Here are some estimated returns or recoupment of the cost for various improvements on your home from our friends at: http://GoPremierOne.com  where you can find homes for sale Charleston SC and elsewhere in the Carolinas.

  • Fireplace 100% – A Fireplace is the best return on investment of any home improvement. And, it’s ba bonus if it’s energy-efficient. So, a fireplace can add to more cozy leisure time and give you your money back on resale value.
  • Room add-on 80% For the most appealing yield, the room that is extra ought to be a third bedroom or today’s popular family room.
  • Remodeled kitchen 70-80% A kitchen upgrade can reward a seller with a payback that is sizeable. Keep in mind splurging on complex gear or elaborate finishing materials may cut into your gain. Ensure that it stays straightforward.
  • Remodeled bathroom 60-80% A master bathroom is on many buyers’ wish list invest here. Should you possess just one bathroom, install a double dressing table or two sinks to take care of the morning bunch.
  • Master suite 70% To keep prices down, look for another space by combining existing rooms and spaces to create this wish list item. Your return reduces here.
  • Deck 70% Outside living space is desired regardless of what the locale. No-maintanence decking stuff makes lots more leisure time, also.
  • Exterior paint 50% You might think this would yield a high return, but put up that paint brush and unless you need to for maintenance don’t paint that house.
  • Finished attic 50% Unless you need the room you can expect only to recoup part of your investment. Make sure the revamp does not detract from the roofline and look of your home
  • Heating system 40% Replace it only if your old system is worn out and non fuctioning. Depending on a buyer’s precedence, a fresh energy-saving furnace may or might not be a selling plus, but it has a low return on investment for resale based on our experience
  • Insulation 20% You would think that energy efficiency is important to buyers but this update doesn’t seem to work out to more money on resale. Point out your lowered energy statements to prospective buyers to gain the most benefit.
  • Skylight ? It Is difficult to estimate profit may change upon resale. The very best rule of thumb would be to contemplate a skylight may drastically enhance an unattractive place like an attic room which could not be light.