When upgrading certain items in their homes and which items they should prioritize first, many people are interested to know what kind of “return on investment” (ROI) they can expect. When selling their home or investment property, this is especially relevant information to have at your fingertips.
The kitchen is often the room that will make or break a sale when it comes to house sales and particular rooms. Kitchen projects that are calculated to be between 6-10 percent of the total home value will see the highest home renovation ROI. When it comes to optimizing your home for selling purposes, putting your finances into kitchen upgrades is a worthwhile endeavor.
The “Top 5” projects to prioritize when it comes down to the greatest ROI are: replacing the entrance door, installing a new fireplace, renovating the kitchen, transforming the attic into a bedroom, and replacing the exterior siding or covering.