The Cost Vs. Value report comes out every year and details the improvements that give you the most bang for your buck when remodeling your home. I wouldn’t call it gospel but it’s always interesting. When making improvements, you’ll likely be personally benefiting from them as well as increasing the resale value of your home and are hopefully aware that you won’t net 100% of the amount you put into the repairs…if not, take a minute.
Now that that’s out of the way, let’s get into what returns the biggest amount of your precious money back to you. Deck additions and siding replacement seem to net the most (percentage-wise). I’ll always be a huge proponent of updating outdated kitchens and baths, which are pretty high on the ROI (return on investment) scale as well. Finishing basements and replacing inefficient windows are a good bet too. Take a look at Columbus’s report here.
I included the National report as well if want to forward it on to someone out of town…or live outside of Columbus yourself. Check it out here.
It should also be noted that if any of these items in your home are resaleable now, save your money! In today’s uncertain market, I would greatly discourage you from making unnecessary improvements in your home…even if you want to. If you have any questions, send me pictures of your potential project and I’ll give you my opinion.