Maybe you bought a fixer-upper. Or maybe your home is just a bit dated. After all, the last time somebody remodeled any room in the house was during the Eisenhower administration. Let’s face it; the paint scheme has gone from chic, to retro, to pathetic. The fixtures need fixing.
There are any number of home repair and remodeling projects that can give your home that much needed facelift. Some of them will even give you a pretty good return on your home renovation investment when you’re ready to sell your home.
According to Remodeling magazine, the peak year for return on investment (ROI) was 2005, when sellers earned back nearly 87 percent of the money they spent on remodeling projects. The number dropped every year until 2012 when the ROI was 57.7 percent in 2011-2012. There is good news, however: Those return on investment numbers increased last year to just over 60 percent. We can only hope that number increases as the housing market improves.
Of course, some remodeling projects offer more ROI than others. Here’s a look at eight home renovation projects that will get you the most bang for your buck when it comes time to sell your home. Values listed (unless otherwise noted) are from the 2013-2014 Cost Vs. Value Report from Remodeling magazine.