I came across an article this wekeend on the Financial Blogger. I thought it was something I should share with all of you. We are constantly investing in our homes so it's a good idea to know what we'll get on the return once we sell them. Are the hardwood floors we want so badly worth it? Should I put money into landscaping or is that money best used to refinish the basement (or at least start since it's probably 4x the cost). Keep this in mind, if you don't plan on selling because this home is it then it doesn't matter what the ROI is financially. You should do the upgrade you've always dreamed of having. Here is the breakdown for those flipping and those who know they need to sell to move up the real estate ladder (me).
Percentage recovered upon resale:
Kitchen upgrade: 75% to 100%
Bathroom upgrade: 75% to 100%
Interior painting: 50% to 100%
Roof replacement: 50% to 80%
Replacement of furnace or heating system: 50% to 80%
Expansion (addition of family room): 50% to 75%
Doors and windows: 50% to 75%Deck: 50% to 75%
Installation of hardwood floor: 50% to 75%
Construction of a garage: 50% to 75%
Fireplace (wood or gas) 50% to 75%
Central air conditioning: 50% to 75%
Finished basement: 50% to 75%
Wood fence: 25% to 50%
Interlocking paving stones on driveway: 25% to 50%
Landscaping: 25% to 50%
Asphalt driveway: 20% to 50%
Pool: 10% to 40%Skylights: 0% to 25%
Monday is a very hectic day at work for me. I have a big pitch presentation at 3pm and I still need to finish the proposal. YIKES!!
I have wanted to post more but just haven't had the energy. I really hope it returns sometime soon. Pregnancy is much harder than I ever anticipated!!! I do have a full week of posts ready to go so this week will be good. I promise.
Have a great Monday! xo