Yesterday we talked about the hidden costs in home ownership and today we're talking about another type of cost -- renovations!
Some people love "fixer uppers" and some don't. Yet on average the american family moves every 7 years due to the need for a larger / smaller home or upgrades. Sometimes you can prolong the "life" or the "beauty" of your home some renovations; but they can be costly. Just remember that the overall return on your investment depends on a lot of things: the value of your house, the value of the houses in your neighborhood, the housing market, how soon you sell after making updates and the quality of your renovations.
Soooooo... let's talk about what renovations are the best return on your investment! I've laid out the top 5 renovations that yield the largest ROI, including the average cost of the job, resale value and the cost recouped.
I've listed out ten things that really helped us find the right house, at the right price point, for our family. I've also included some important FYIs and "pro tips" of things to consider to get the best bang for your buck!