The post from 3 wks ago proclaimed that home improvements targeting a return on investment(ROI) in a home sale is a risky strategy. Home improvements should either be done of necessity or to make your life there more enjoyable.
NAR did a deep dive into the return on investments for several home improvement projects & it shows that, at best, homeowners were breaking even on a few narrow projects. There were no real moneymakers at closing for nearly every project. Here’s a link to the numbers in the article:
ROI is rarely a solid consideration when you’re thinking of home improvements. That said, consult a Realtor when thinking about home improvements to boost a sale. ROI is risky, but some jobs targeting better home life for you, curb appeal or marketing your interior might net you a quicker sale or most importantly, more enjoyment & more time for you in your current living space.
Have Fun!
Lew McConkey, Realtor/Notary
Brook Realty, Serving Whitman Hanson & Surrounding Towns
(781)252-9789
If you have questions about your place in the current Real Estate market, as a buyer, seller or Landlord, please feel free to call text or email for your free, no obligation consultation.