Cost Recovery on Reno Projects

If you’re thinking about a home reno, read this post first! 

 

Customizing a home to your tastes is one of the best things about home ownership, but before swinging that sledgehammer there are a few things you should know to make sure you get max ROI. Check out a few Insights from the NAR’s 2022 Remodeling Impact Report:

 

Top 5 interior reno projects for max ROI:

- Hardwood floor refinish: 147%

- New wood flooring: 118%

- Insulation upgrade: 100%

- Finish basement area: 86%

- Closet reno: 83%

 

Further down on the list?

- Bathroom reno: 71%

- Kitchen upgrade: 67%

 

Top 5 exterior reno projects for max ROI:

- Replace roof: 100%

- Garage door replacement: 100%

- Upgrade to fiber cement siding: 86%

- Vinyl siding replacement: 82%

- Vinyl windows: 67%


All of the renos on this list would be thumbs up from where I sit! Got another idea you’re mulling over? DM me and let’s chat about how it may impact your home’s value. 


Cindy Grenier - 204-330-2567