In today’s market, remodels that are planned with a return on investment in mind is essential. Properties are selling quickly, so only those projects with the best opportunity to increase value are worth the investment. For investment properties, you can then rent your units for more income while planning to sell. Or, you can add value to your home while enjoying living in it.
According to the 2018 Consumer Housing Trends report, nearly 80% of sellers made at least one improvement before selling with most sellers averaging 2.2 renovations or improvements before selling. Only 21% of the sellers in 2018 actually listed their home as-is. This article covers a range of the best improvements for return on investment across different budgets, plus those remodeling projects that do not pay off at resale.