Over the past year home renovations are on the rise. More people are choosing to renovate rather than move. With the current market, some projects will yield a higher return on investment when selling than others. The projects that are currently yielding the highest returns are actually small projects which is different than previous years. The best home improvement you can make is replacing your garage door. This is also a low upfront cost to the homeowner, but it will pay dividend when going to sell.
- Home renovation has become a booming business due to the fact that the choice of upgrades for home owners are endless.
- There has been changes to the belief decades ago that it is more valuable to renovate a house more expensively if you are thinking of selling it.
- It has become a general belief recently among realtors that the more one spends on a home, the harder and more challenging it is to sell.
“Today’s housing market is leaner, pricier and more competitive than ever – and that has more homeowners deciding to remodel rather than move.”