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Cheryl Woolley

Renovation Paybacks

I was recently asked if a particular renovation would add value to the home.  A very wise question, as many homeowners spend a lot of money on renovations expecting that value is being added.  However this is not always the case. 

The following is a list of the top 4 renovations that you can expect payback potential:

1. Bathroom (75-100%)
2. Kitchen (75-100%)
3. Interior Painting (50-100%)
4. Exterior Painting (50-100%)

The four LOWEST payback potential renovations are:

1. Building a fence (25-50%)
2. Asphalt paving (20-50%)
3. Adding a swimming pool (10-40%)
4. Installing a skylight (0-25%)

Published Tuesday, November 20, 2007 6:17 PM by Cheryl Woolley
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