Remodel ROI
Forbes magazine has listed the national averages for home remodels and the return on investment for those remodels. Quite interesting!
For example, the least return on investment is a home office remodel. An upscale office redmodel only brings a 78% return!
But a mid-range kitchen remodel will bring (this is nationally, now) a 103% return when the home is sold. The article doesn't say what the effect was on the speed at which the house might sell.
But the highest return on investment came with an upscale bathroom remodel....105%. It looks like, since men and women both spend lots of time in the bathroom, most everybody wants all the amenities in there! Homes sell faster, too, when the master bath is nice (that's from personal experience).
We have a "home staging" professional here at Tyler Texas real estate. Your home will sell faster, and for more money, if it's staged properly!
For example, the least return on investment is a home office remodel. An upscale office redmodel only brings a 78% return!
But a mid-range kitchen remodel will bring (this is nationally, now) a 103% return when the home is sold. The article doesn't say what the effect was on the speed at which the house might sell.
But the highest return on investment came with an upscale bathroom remodel....105%. It looks like, since men and women both spend lots of time in the bathroom, most everybody wants all the amenities in there! Homes sell faster, too, when the master bath is nice (that's from personal experience).
We have a "home staging" professional here at Tyler Texas real estate. Your home will sell faster, and for more money, if it's staged properly!
posted by John and Flo Martin at 1:32 PM
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