What kind of return can you expect from various remodeling projects? The National Association of Realtors recently released their 2017 Remodeling Impact Report where they explore this as well as the reasons people undertake remodeling projects, the success of these remodels and, interestingly, how much happiness it brings them. The return on the bottom-line, whether it’s a fix-n-flip or a rental property that you’d like to squeeze more income from, the ROI paramount for most investors. That being said, this report contains some good data and insight into current trends and ROI from various projects.
“Realtors understand which remodeling projects and home upgrades will bring the most value to homeowners, whether they are remodeling with the hope of impressing potential buyers, bringing in higher offers or gaining more equity in the home,” said NAR President William E. Brown, a Realtor® from Alamo, California and founder of Investment Properties”