There are various reasons why people want to remodel their present homes. For one, they want to do renovations prior to selling the house so it can fetch a higher price in the market. However, not all home remodeling projects will contribute considerably to the value of your house and allow you to recover the amount of money you’ve put in for renovations. Determining the ROI of remodeling your home entails examining what percentage of each dollar you will be spending for the project you will recoup when you sell your property.

1. Home Remodeling
Projects
With High
ROI
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2. H ome renovations are done for a variety of reasons. For one, they want to do renovations
prior to selling the house so it can fetch a higher price in the market. If you’re contemplating on
a home improvement project with the intention of selling it, it is essential that you choose
projects which will provide you with the greatest ROI. To figure out if your intended home
improvement project is practical, you have to check how much of your renovation or remodeling
cost will you be able to recover when you put up your house up for sale.
Across many real estate markets, kitchen and bathroom remodeling consistently offer the
highest percentage of return on your investment, typically around 80% to 100%. The addition of
new bathrooms and family rooms will also give a relatively high percentage of ROI as well. The
curb appeal of your house will also greatly influence its resale value. Repainting the exterior and
having a well-maintained
garden will allow you to attract
potential home buyers and
justify a higher price for your
property.
If you plan to put your house
up for sale in the future, don’t
be tempted to renovate your
house to add features which
are very idiosyncratic. For
instance, a fancy swimming
pool or tennis court may entice
a few buyers, but more buyers
will think it is a liability. Hence,
you should look for projects
which appeal to a wider
audience.
To have a successful home
renovation project, picking the
right contractor for the job is an
important step. There are
plenty of Portland remodeling
contractors, making deciding who to hire somewhat difficult for some, but it need not be. When
looking for Portland contractors, a good source of referrals may be a family member, friend, or
neighbor who has had similar work completed since they can provide you unbiased evaluation
of the workmanship of the contractor they have worked with.
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3. You may also look for companies that do remodeling in Portland via the Internet, through search
engines or public online forums. Calling or visiting the website of the professional association
that accredits these companies in your region or state can help you find reputable ones as well.
To find the best offers it may be necessary to get more than one quotation. Remember, price is
only one consideration, and choosing one that gave the lowest bid is not always the best choice.
The contractor you hire should have the technical, business, interpersonal skills, tools, and
experience needed to do the job you want done. They also need to have the required licenses
to operate, and the prescribed insurance coverage and contractor's bond.
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