Upgrades That Hold Their Value

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Do you have a renovation project in mind – and wonder how much value it will add to your home­ Remodeling Magazine recently did a study of renovation projects, comparing costs to added value. Here are some of the results:

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Replacing a main entry door has a return on investment of over 95%. After all, the entrance to a home is one of the first things a prospective buyer notices.

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Adding a new deck also adds a lot of value. Depending on the materials used, you can expect to get back three-quarters of the money invested.

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Another high-payback project is the garage door. This once again demonstrates the importance of a home’s “curb appeal.”

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If you’re tackling a big project, such as a basement renovation, you’ll be glad to know that, according to the study, a project like this adds a lot of value.

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Finally, minor improvements to bathrooms and kitchens – such as adding new countertops or cupboards, can also be good investments that mostly pay back when you sell your home.

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Of course, these figures are averages and can vary widely depending on location, type of property, and other factors.

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Need help determining how a particular home improvement might impact the selling price­ Call today.

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