Which home project should I tackle first?
Do you have a dream list of all the updates you’d like to make on your Atlanta home? I know I do! Our home was built in 1929, and although we did a major addition a few years ago, I still manage to dream up other things I’d like to repair or replace. Are you the same?
Customizing a home to your tastes is one of the best things about home ownership, but before you start swinging that sledgehammer there are a few things you should know to make sure you get max return on investment. The National Realtor’s Association 2022 Remodeling Impact Report came out this Spring, and helps us break down all the ways the renovations and updates we do on our homes in the Atlanta area and help us in the long run.
“Homeowners and renters remodel, redesign, and restructure their homes for a variety of reasons. This report takes a deep dive into the reasons a homeowner remodels, the outcome of taking on projects, and the increased happiness found in the home once a project is completed.”
If you are looking for return on investment with your renovations, below are some numbers for you. At the very least, this may help you decide what to tackle first!
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? Reach out anytime and let’s chat about how it may impact your home’s value.
