Day: June 26, 2024

According to Angi’s annual State of Home Spending report, the average American household allocated $9,542 to home improvement projects in 2023. However, not all home renovation endeavors guarantee an increase in a home’s resale value. According to USN, before you invest in a swimming pool or new addition, you should consider whether the project will pay itself off by getting prospective buyers in the door when it’s time to sell. Here are some common home improvement projects that could decrease the value of your home: Too much wallpaper. Built-in electronics.…

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Home renovation enthusiasm has dialed down from the frenetic pace of the pandemic era, but homeowners continue to make significant investments in their spaces, especially with the spring housing market gaining momentum. According to CNBC, and when it comes to the return on investment, some projects now offer the highest return values in history — with a few home upgrades averaging returns of nearly 200% for the first time ever — according to the 2024 Cost vs. Value report from Zonda Media, a housing market research and analytics firm. Garage door…

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According to new survey findings from Realtor.com, although home improvement expenses remain high, 70% of American homeowners intend to renovate their homes within the next year. Furthermore, the survey highlights that nearly 75% of homeowners express a desire for clearer insights into the potential return on investment (ROI) for any renovations they undertake. According to Fox News, would-be renovators can now find out the home improvement projects that have the best ROI as Realtor.com launched a renovation calculator tool. Homeowners pick a room and enter project details to get estimated renovation…

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