Renovations and Appraisal
How do renovations affect value?
Renovations are vital if you want to maintain your home's value. But don't expect a dollar for dollar return on your investment. Think of renovations as helping to reduce loss due to depreciation rather than adding value.
Some renovations do, however, have a bigger payback in maintaining value than others. Below is a general summary of percent payback.
75% - 100%
Kitchen Renovations
Bathroom Renovations
Paint- interior or exterior
50% - 75%
Flooring, Fireplace
Heating or Roofing,
Basement or Rec Room
Windows & Doors
Deck or Garage
