The ROI of Home Improvement Projects
Posted by Support Staff on
One of the most rewarding things about being a homeowner is that you can make changes to your home that will make it a more enjoyable place to live. However, you probably won't be living in your home forever, so it is also worth considering how your home improvement projects will affect your home's value.
The ROI, or return on investment of a project tells you how much of the project cost returns to you in the form of a higher home value. The ROI is typically given as a percentage, based on research on home characteristics and sale prices. In most cases, the ROI is less than 100%, which means you spend more on the project than you recoup in the sale price. Therefore, most projects are best done if you still plan to live in the home several more…
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