According to the 2016 Remodeling magazine Cost vs Value survey, the average return on home improvement projects was 6.7% higher than the previous year. This may vary a bit,  of course, depending on where you live. Where home prices are higher and  job growth is strong, the payback  is much higher.

Curb appeal is number one. Buyers generally make up their minds about a place within the first 30 seconds. They may not even go into the house if it looks drab, in need of repairs or paint and has overgrown landscaping. So it makes sense that the number 1 return on improvement is to spruce up or replace the front door and entry. I have received several emails in this last month regarding which are the “in” colors for painting the front door this year. All, of course, have different ideas but generally bright, clean & inviting. By replacing or upgrading the front door you should see about 91% return. Not bad. Also make sure that your address numbers are visible from the street. Then add a colorful planter too.

The rest of the improvements  & their returns are:

Get new siding, which yields about 75%, replace the roof at 72%, build a deck about 75%, refresh the kitchen gives you 83%, renovate bathrooms will give you about 66% (new bathroom will add even more), family room-68%, remodel the basement for 70% if you live where basements are present-not too many here in Florida.

But surprisingly, the REAL number one upgrade is something that you can’t even see-insulating the attic.

 

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