A 105% return! This home improvement project really pays off the most!
The National Association of Realtors and the National Association of the Remolding Industry recently came out with the “Remodeling Impact Report,” which surveyed contractors and Realtors, looked at cost spent and the impact on home values by project.
Based on that data, CNBC came up with some tips on which projects homeowners might want to follow as they pursue their quest for the perfect home.
Best Outdoor Improvement Project: A New Roof
When it comes to the outside of the home, buyers apparently value structural over decorative improvements to the interior. The No. 1 exterior renovation was a new roof, as nearly one-third of Realtors surveyed said that project helped close a sale on a home. Plus, this is a renovation that more than pays for itself.
Getting a new roof may run about $7,600 on average, while the value you are able to recover from doing this project may be as much as $8,000. You can recoup as much as 105 percent of your investment!
SMART Roofing, Inc. is a full service roofing contractor serving Chicago and its surrounding suburbs. From roof assessments and repairs to installations of virtually every type of new residential roof and commercial roof, our commitment to excellence, stellar customer service and exceptional results are the “SMART” roofing difference.
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excerpt from CNBC – On the Money – Home Improvement IS Booming – Best Renovations for Your Buck