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Talk to a Refinance Expert!
One of the smartest things you can do with your home's equity
is to put it right back into your home. It's a clear win-win:
You enjoy the benefit of an improved living environment and tangibly
enhance your home's value at the same time.
But not every project will increase the resale value of your
home. It's best to stick with the ones that will give you the
biggest return.
Here's how Remodeling Magazine rates top jobs in terms of one-year
return on investment (ROI):
Project ROI Average Price Tag
Minor kitchen remodel 88% $8,655
Second-story addition 83% $73,553
Bathroom remodel 81% $9,135
Bathroom addition 81% $13,918
Family room addition 75% $30,960
Major kitchen remodel 71% $31,090
Deck 55% $8,022
Home Improvement Tips:
Don't over improve. It's difficult to recover the investment
in a home that is already more valuable than most others in the
neighborhood.
Keep whimsy in check. Eclectic tastes likely won't appeal to
mainstream homebuyers.
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