Thinking about renovating your house? This video highlights some projects that will give you a good return on your investment.

The National Association of Realtor’s 2017 Remodeling Impact Report is out and I wanted to highlight some of the interesting statistics in it.

  • 35% of US homeowners would rather move than remodel
  • 55% of suburban and 52% of urban homeowners would be willing to remodel their home (70% rural)
  • After remodeling, 75% of homeowners have a greater desire to be in their home
  • 36% said the single most important reason to remodel is better functionality and livability

 

Top Realtor Ranked Projects that Appeal to Buyers:

  • Complete kitchen renovation
  • Kitchen upgrade
  • Bathroom renovation
  • New wood flooring
  • Add new bathroom
  • Hardwood flooring refinish

 

Cost Recovered from Renovation Projects:

  • New owner suite – 52%
  • Kitchen upgrade – 57%
  • Complete kitchen – 62%
  • Bathroom renovation – 50%
  • Add new bathroom – 50%
  • Basement conversion – 63%
  • Insulation upgrade – 76%
  • New wood floors – 91%
  • Hardwood refinish – 100%
  • HVAC replacement – 67%
  • New steel front door – 75%
  • New garage door – 87%
  • New roof – 109%
  • New vinyl windows – 79%

 

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