Top 4 Home Renovations for Maximum ROI

Keith Kreis
Published on November 22, 2017

Top 4 Home Renovations for Maximum ROI

Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).
  • While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.

source: Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC] | Real Estate with Keith Kreis

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What’s it worth? 3 questions about value-boosting home characteristics

Of the many questions we field from homeowners thinking of selling their homes, the most frequent starts with “What’s it worth?” Of course they’re referring to their home’s value, but even after that is determined, the “What’s it worth” questions continue. Following are three of the most common questions about items that may, or may not, add to a home’s value

What’s a view worth?

We typically get this question from a homeowner who just found out that his home with a gorgeous view is worth less than he thought. If two homes are identical and only one of them has a view, it’s a safe bet that the one with the view will be worth more.

How much more? It depends on who you ask. Some real estate professionals claim there is no value in a view, yet others claim that the view may increase the home’s value by up to 15 percent over similar homes that lack one. Find Home

Texas Christian University’s Mauricio Rodriguez, PhD and C.F. Sirmans of Florida State University studied the topic and found that, at least for the housing market they examined, “a good view adds about 8% to the value of a single-family house.” (Rodriques/Sirmans: Quantifying the Value of a View in Single-Family Housing MarketsFind Home

Since the final determination of a home’s market value is decided by the appraiser, we went on a hunt for an appraiser’s opinion. Michael Fox, a New York State Certified Residential Appraiser with MF Appraisals  in Westchester, conducted his own, informal study of the value of a golf course view. Find Home in Bolingbrook

What’s it worth? 3 questions about value-boosting home characteristics


What To Consider Before Investing in Real Estate

Making a real estate investment is always a great choice, however, people are usually faced with so many questions that they might be potentially deterred from making such an investment. So let’s discuss several factors that you should consider before making such a major decision. Find Home

The Market You’re Buying In

Carefully analyzing the neighborhood your potential property is located in is pivotal. What does the future hold for this city or region and how will it affect your property’s price/value should you decide to sell it? It is also important to keep a close eye on developing area’s nearby, trendy upcoming neighborhoods can significantly affect a potential buyers interest in your property. Find Home in Naperville

Return On Investment

It’s only wise to invest in a property that will give you a high return on your investment. Do not avoid properties simply because they are need of some renovations, as the flaws will help you buy cheap and sell high after renovating. In fact most seasoned real estate experts will suggest that you had better buy a structure that needs renovations to help maximize potential profits. Find Home

What To Consider Before Investing in Real Estate

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