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:
- 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.
- 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.
- 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.
- 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.