Safepact is all about your safety when you renovate your house, and most of our posts have been tips and tricks about renovating your house and what might be the best ways to do that, but we have never talked about what renovations actually DO for your home.
Obviously if you have a leak in your roof, or your garage door breaks you are going to have to get a repair on it, and having a working roof or garage is reward enough. When you want to renovate your home because you are needing an upgrade to your kitchen, or you want to increase the value of your home with a deck, then you are in an entirely different category of renovations.
The increase-my-home’s-value renovations tend to be a bit more expensive, and can really change the look of your home for the better, but how much can they actually help? US News and World Report’s money section has an article on just that.
According to this article there is a light touch to renovating your home. You don’t want to put too much money into it (it probably won’t translate dollar-for-dollar), and you also won’t want to give your rural country home $50,000 ultra-modern renovation (it will clash with your ambiance and confuse your buyers), but if you pay attention to what you’re doing, you can really cash in.
So which renovations help the most? Topping the list is (whod’a thought?) a new front door. It can have a whopping 97 percent return on investment. And you probably don’t even need to replace the whole door, a coat a paint can go a long way. And just as every head has a tails, there are some renovations that just aren’t worth it. Topping that list is a home office renovati0n, giving you only a 49% return on investment.
See the full list of US News and World Report’s ROI rankings at the bottom of the article, and since two opinions are always better then one here is an article from LifeHacker that has some renovation ROI do’s and don’ts.
As always, if you are thinking about doing some renovations always think of Safepact to keep yourself and your investment safe!
Build safe out there!