4 Home Updates With The Best Return On Investment
by Gregg Cantor Resident Expert, Approved Home Pros
President, Murray Lampert Design, Build, Remodel
When remodeling your home, personal enjoyment and improving the quality of life for the family is priceless, but prudent homeowners consider return on investment when establishing a budget. According to HGTV, here are the top four home improvements that deliver the best ROI:
1. Minor Bathroom Remodel
The approximate cost to replace a tub and all the bathroom fixtures is $10,500 and the average return on investment is 102 percent.
Including design, the average homeowner spends less than $5,000 to improve curb appeal and pride of ownership. The average return on investment for landscape is 100 percent.
3. Minor Kitchen Remodel
Give your kitchen a fresh new look by painting or refacing cabinets and replacing counter tops with quartz. The average return on investment here is 99 percent.
4. Exterior Improvements
Replace your front door and windows, paint wood trim with a current color, install composite siding or stacked stone and build a pergola. These upgrades average 96 to 104 percent return on investment.
I think your family’s well being and enjoyment should weigh into the equation, too. Don’t you?