ROI: What Is It + Why Is It Important?Feb 24, 2017
REMODELING MAGAZINE JUST RELEASED THEIR COST VS VALUE REPORT FOR 2017. THE REPORT COMPARES THE AVERAGE COST FOR POPULAR REMODELING PROJECTS WITH THE VALUE THOSE PROJECTS RETAIN AT RESALE. THIS COST VS VALUE PERCENTAGE IS YOUR ROI – OR – RETURN ON INVESTMENT.
Some home remodeling projects, like any investment, will protect your dollars more than others, so it’s always a good idea to check the numbers before you begin. Will your next home project pay you back big? Let’s find out.
Bath remodels will continue to be one of the most popular home projects of 2017, but the key to getting the most on your return? Keep the upgrades mid-range and appeasing to the masses. Opt for low-maintenance materials always- they stay beautiful longer. Window replacements offer a high return because they are replacing something that is broken and are usually necessary. Fixing something that is broken has a higher rate of return versus just upgrading!
With low initial cost and high ROI, insulation and entry door replacements are an easy choice, especially if you’re looking to increase your home’s energy efficiency.