Are you thinking of selling within the next 12 months and wondering what type of repairs or renovations you should do before it hits the market? Here are some statistics taken from the 2019 Remodeling Impact Report. These suggestions do make sense based on our local market. However, it is always best to have this conversation with your local real estate agent to determine your highest return on investment.
The following is a list of renovations which will likely attract buyers:
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Complete Kitchen Renovation
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Kitchen Upgrade
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HVAC Replacement
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Install New Wood Floors
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Bathroom Renovation
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Refinish Existing Wood Floors
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New Master Suite
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Add New Bathroom
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Basement Conversion to Living Space
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Attic Conversion to Living Space
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Closet Renovation
Below are the top exterior and interior renovations that received the highest return on investment (ROI):
Exterior:
New Roof - ROI - 107%
New Garage Door - ROI - 95%
New Fiber-Cement Siding - ROI - 76%
New Steel or Fiberglass Front Door - ROI - 75% (steel) and 74% (fiberglass)
Interior:
New Wood Flooring - ROI - 106%
Refinish Existing Wood Floors - ROI - 100% HVAC Replacement - ROI 85%
Insulation Upgrade - ROI 83%
If you are thinking of selling and don’t have an agent, contact Wanda at 413-768-9848 or email hello@wandamooney.com.
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