25 May RETURN ON INVESTMENT ON PROPERTY MAKEOVER
“How much will a home makeover cost and is it worth it?”
This is one of the major concerns of homeowners looking into home makeover projects to increase the value of their homes. While some home improvements can increase their home’s value, some projects actually cost more than they’re worth.
Thus, it is important to prioritise those that have highest return on investment. Interestingly, according to the 2015 Remodelling Cost vs. Value Report, small and exterior projects (focusing on curb appeal) are rated as the most valuable home improvement projects. The report, compiled annually in collaboration with Hanley Wood’s Remodelling Magazine, compares changes in home improvement project costs with perceptions of what those projects contribute to home’s price at resale.