Research of homeowners and homebuyers has been done to find out which renovation projects are most likely to result in "payback" when the house is sold.
In order, the following projects add value that may be recovered based on a home valued between $250,000 and $400,000:
- Renovating a kitchen
- Replacing/upgrading the roof
- Replacing windows or doors
- Renovating a bathroom
- Upgrading the flooring
- Adding a fireplace
Understand whether your project will increase the market value of your home or is just for your own pleasure and convenience.