However.....
Have you seen the shows using experts to renovate for tens of thousands of dollars, and post-renovation, a nice Realtor proclaims the home's value is....TADA!!!....worth waaaaay more than they just spent on the renovations? I love those shows. The homeowners adore bright orange throw pillows with geometric splashes of purple, all contractors show up - sober even - and everyone makes money. Amen. Hallelujah. A feel good way to be entertained.*
Then, there's Real Estate Reality:
The National Association of Realtor's Remodeling Impact Report is in! And it does not read like a television show.
Interior Renovations (Return on Investment)
New Master Suite: 53%
Kitchen Upgrade: 67%......don't miss this
Complete Kitchen: 67%.....an upgrade recoups the same return as a total renovation.
Bathroom Renovation: 58%
Add Bathroom: 52%
Basement Conversion: 69%
Attic Conversion: 61%
Insulation Upgrade: 95%
Closet Renovation: 57%
New Wood Floor: 91%
Hardwood Refinish: 100%
HVAC: 71%
Exterior Renovations (Return on Investment)
New Wood Windows: 58%
New Vinyl Windows: 80%
New Steal Door: 75%
New Fiberglass Door: 60%
New Garage Door: 87%
New Fiber Cement Siding: 79%
New Vinyl Siding: 83%
New Roof: 105%
*Ah, you noticed my small asterisk, thank you. I wish to point out that some of HGTV's shows air from Canada. These statistics are from the United States. Maybe in Canada, everyone gets a 180% return on all renovations. It could be that wonder-full, "just sayin'"
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