Do you have a renovation project in mind – and wonder how much value it will add to your home? Remodeling Magazine recently did a study of renovation projects, comparing costs to added value. Here are the Top 5 results:
1) Replacing a main entry door. This has a return on investment of over 95%. After all, the entrance to a home is one of the first things a prospective buyer notices.
2) Adding a new deck. Depending on the materials used, you can expect to get back three-quarters of the money invested.
3) Replacing or installing a Garage door. This once again demonstrates the importance of a home’s “curb appeal.”
4) Basement renovations create a lot of value because of the additional room it can create. One can use the basement for guests, recreation or…
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