Which home improvements are worth spending money on?
Before you commit to a project, find out how much it will add to your home’s resale value.
Remodeling your kitchen and making your home more energy efficient are both desirable, but which pays off more at selling time? Using an online remodeling cost vs. value calculator, we found out!
If your sights are set on a new kitchen, it might make sense to scale your project down.
In our region, you’ll get a higher return on a mid-range minor kitchen remodel than a major one that costs three times as much. Here’s the breakout:
|Mid-range MINOR kitchen remodel|
|Mid-range MAJOR kitchen remodel|
The project with the highest return on the list? Attic insulation – take a look its return:
|Attic insulation (fiberglass)|
The project listed with the lowest rate of return is an upscale deck addition using composite materials, which will only recoup 41.8% of the job cost.
Check out Remodeling’s calculator to see how the improvements you want to make will affect your home’s value.
Consumers helps more than 1,000 members finance their homes each year. When you need a mortgage or home equity line of credit for your home improvements, call us at 800-991-2221. We’re here to help you get the home of your dreams!