Top 5 Home Remodeling Projects that Add Value

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You are living the dream of homeownership, but you want to make sure your home maintains that charm and comfort that attracted you to it in the first place. Well, the “Remodeling Impact Report” from the National Association of REALTORS® includes great information on the upgrades you should consider and what you may expect in return on investment. Here are the top 5 home remodeling projects with building equity in mind:  

 

iStock 172288985 150x150 - Top 5 Home Remodeling Projects that Add Value#5 New Siding

Today’s siding is fade-resistant and includes transferable lifetime warranties. It comes in a wide variety of colors and you’ll never have to paint again.

The cost: $13,350  /  The return: 75% at $10,000

 

 

#4 Better InsulationiStock 941965912 resize 150x150 - Top 5 Home Remodeling Projects that Add Value

Regardless of what climate you live in, you always want to keep your home insulated against the elements outside. Whether it’s keeping the heat in during the winter or keeping the cool air inside during the summer, this is an investment that pays.

The cost: $2,100  /  The return: 76% at $1,600

 

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#3 New Garage Door

A new garage door enhances curb appeal and won’t break the bank.

The cost: $2,300 (for a two-door) / The return: 87% at $2,000

 

#2 Hardwood FloorsiStock 964895220 150x150 - Top 5 Home Remodeling Projects that Add Value

Hardwood floors look great and you won’t have to vacuum! Refinishing is a no-brainer. Neither will you regret adding new hardwood floors if you have none.

The cost to refinish: $2,500 / The return: 100% at $2,500
The cost to buy new: $5,500  /  The return: 91% at $5,000

 

iStock 680866488 150x150 - Top 5 Home Remodeling Projects that Add Value#1 New Roof

If you find yourself sprinting for the buckets when it starts to sprinkle, getting a new roof should be your No. 1 to-do. Measuring rainfall from the indoors isn’t cool.

The cost: $7,500  /  The return: 109% at $8,150

 

 

Contact us today and learn how to use the equity in your home to make much- needed home improvements, using our cash-out refinance options. Invest in your home today. You’ll be glad you did!

Call 877-684-4210 or visit: FreedomMortgage.com today!

Source: https://www.nari.org/consumers/homeowner-resources/remodeling-impact-report/

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Matt Gentile

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