Don’t make the mistake of thinking big renovations mean big returns.
Before you decide to renovate your home, you need to find out if you’ll see a return on investment in the future.
You may see someone undergo a great home renovation and want to do the same to your own home. Use caution if this is your reasoning; there are many things you want to consider, such as subdivisions, price points, and home layouts.
Here’s what to do if you want to get a great return on your renovation:
1. Make sure your renovation is affordable. Affordable renovations include painting and other simple updates.
2. Make sure it exceeds your neighborhood. Look at the standard set by your neighborhood and take your home a small step further. You’ll get a little more money, but if you instead go above and beyond, you’ll never see your investment returned. Make sure your renovation is in the right range.
If you have any questions about home renovation or would like some more information, feel free to reach out to us. We look forward to hearing from you.