Five Remodeling Projects With The Highest Return On Investment

Are you looking to remodel your home? First, take a look at these five remodeling projects with the highest return on investment.

  1. Kitchen = 85%
  • Whether you are doing a small or full remodel, kitchen will get you the most return. However, limit it to no more than 20 percent of the value of your home.
  1. Bathrooms = 80%
  • Current trends say homeowners prefer installing a large shower instead of a tub but to limit the cost to less than $20K
  1. Decks = 80%
  • Make sure to see that decks are popular in your area before spending the money on adding/updating a deck.
  1. Siding = 80%
  • Replacing or repairing your siding will bring a fresh look to your home but look to spend at least $10K.
  1. Window Replacement = 70%
  • New windows will bring instant benefits of energy efficiency and added safety where cost will depend on the number, size, and type of your windows.

 Lowest investment projects with only 50-60% return on investment include adding a swimming pool, home office, garage and master suite.

*Courtesy of Angies List

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.