It’s common to consider sprucing up your home before putting it on the market. Yet, the range of renovation options is extensive. Some opt for simple upgrades like replacing kitchen appliances, while others dive into complete remodels with top-tier amenities. This prompts the question: which approach offers better returns? To shed light on this, we consulted a home renovation specialist to discern which enhancements genuinely enhance property value. Keep reading to explore popular home upgrades and how they stack up in terms of return on investment.
According to MSN, The Nitty Gritty: “Basements are, at the end of the day, still a hole in the ground,” says Kate Ziegler, a realtor with Coldwell Banker Lifestyles in New London, New Hampshire, and Arborview Realty in Boston. “The cost of a basement remodel will depend greatly on the type.” For instance, is it a stone foundation or poured concrete? Will waterproofing it be hard? If you’re just updating a ’70s-era basement with a shag rug, the cost will be less and the ROI higher, Ziegler says. But if you’re finishing it for the first time—one of those serious renovation projects—that will seriously cut into your ROI.