Cost recovery on reno projects

If you’re thinking about a home reno, read this post first! 
Customizing a home to your tastes is one of the best things about home ownership, but before swinging that sledgehammer there are a few things you should know to make sure you get max ROI. Check out a few Insights from the NAR’s 2022 Remodeling Impact Report:
Top 5 interior reno projects for max ROI:

  • Hardwood floor refinish: 147%
  • New wood flooring: 118%
  • Insulation upgrade: 100%
  • Finish basement area: 86%
  • Closet reno: 83%
    Further down on the list?
  • Bathroom reno: 71%
  • Kitchen upgrade: 67%
    Top 5 exterior reno projects for max ROI:
  • Replace roof: 100%
  • Garage door replacement: 100%
  • Upgrade to fiber cement siding: 86%
  • Vinyl siding replacement: 82%
  • Vinyl windows: 67%

All of the renos on this list would be thumbs up from where I sit! Got another idea you’re mulling over? DM me and let’s chat about how it may impact your home’s value. 

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