What Renovations Give You the BEST ROI in Austin?
Staging is a great way to increase the return on investment you see on your home, but to guarantee you get the absolute best offer for your home, it may take a few renovations. Before listing your doubts and reasons you have for not wanting to make the leap, check out some of the renovations that have the best ROI and can get you more money for your home.
Kitchen Renovations
Kitchen upgrades and renovations are the two projects most likely to appeal to buyers and bring the most resale value to a home. The national average ROI for a minor kitchen remodel is 81%, and the national average ROI for a major upscale kitchen remodel is 54%.
Outdoor Spaces
On average, a wood deck addition has an ROI of 83%, and a backyard patio has an ROI of 48%, but small projects like updating light fixtures, improving railings, or even adding an outdoor fire pit can increase the ROI of your home.
Siding and Garage Doors
On average, homeowners that replace the siding of their home recoup 75% of the cost, but homeowners that decide to replace vinyl siding with stone veneer can see an ROI of 96%. When you replace your garage door, you’re likely to recoup 96% of the expenses.
Flooring
Homeowners who install new wood flooring could recoup 106% of what they spend, while refinishing hardwood floors could recover 100% of the cost when it’s time to sell.
Bathroom Renovations
Bathroom remodels can come with a large ROI. You can recover 50% of the resources spent on a master bathroom remodel upon the sale of your home. However, be careful in this area, as buyer tastes vary widely.
Doors, Windows, and Roofs
You can recoup almost 92% of the costs to replace your door and 75% of replacing the windows. Replacing the roof can be inconvenient for new homeowners, which means they would rather move into a place with a new roof. As a bonus, a new roof has an ROI of 68%.
If you find yourself overwhelmed by the prospect of renovating your home, Sage Wilson Property Group is here to help you select the most appropriate and cost-vs-value-efficient projects to tackle. We can even recommend vendors, compile bids, man the crew, choose design finishes, and oversee the project from start to finish. We’re here to make every part of your selling experience stress-free, so please reach out to our experienced, professional team anytime or fill out the contact form below:
