These home remodeling projects offer the highest return on investment in history, report finds

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 52%
  • Publisher: 72%

Housing News

Mortgages,Financial Consulting,Investment Strategy

Not all home renovations deliver the same return on investment, but some can pay off twofold, according to a recent report.

Forget a designer chef's kitchen, the top projects promising the greatest returns in resale value are mostly related to a home's curb appeal, according to Zonda's recent cost vs. value report.

"When it comes to adding resale value to a home, exterior replacement projects continue to make the most sense," Clay DeKorne, chief editor of Zonda's JLC Group, said in a statement. "Discretionary projects like an upscale bathroom or kitchen remodel will feel valuable to those who make the selections but won't provide nearly as much return to sellers," DeKorne said.A minor kitchen remodel — such as painting and updating the backsplash — did provide high returns, at 96% of costs recouped. But major upscale kitchen and bathroom remodels did not, the Zonda survey found, with returns of 38% and 45%, respectively.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lending protocol Sonne Finance faces $20 million exploit, pauses markets on OptimismThe team said in a post-mortem report that it’s ready to offer a bounty to the attacker in exchange for return.
Source: TheBlock__ - 🏆 464. / 53 Read more »