Home Improvements That Net the Highest Return on Investment
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If you’re a seller thinking about listing your home this fall or are thinking about a spring listing strategy, you might want to listen up. Here are the top three home improvements you can make in terms of percentage of cost allocated for that improvement, according to the 2015 Cost vs. Value Report for home improvements in Grand Rapids:
- Entry doors. Average cost: $1,187. Average resale value: $1,023. Average return: 86%. The entry door is the focal point of the home and the first thing a prospective buyer sees upon entering it.
- Stone veneer accents. Average cost: $7,100. Average resale value: $5,400. Average return: 76%. By stone veneer accents, I mean any place outside your home where you can put stone veneers on a column.
The entry door is the focal point of the home and the most important improvement.
- Wooden deck additions. Average cost: $9,204. Average resale value: $6,700. Average return: 73%. A shoddy wooden deck can make a bad impression because wooden decks are the most accessible way people enjoy the exterior of their home.
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