Which Renovations Give You the Most Bang for Your Buck?

A home renovation can make your house more comfortable and efficient. But despite what you might see on HGTV, renovating isn’t easy, and you won’t always make big bucks when it’s time to sell your home. Each year, Remodeling Magazine takes a look at the cost vs. value of some of the most popular renovation projects to find out which improvements buyers will most value. Among the best investments are a deck addition, replacing the entry door with a steel door, and garage door replacement. If you’re remodeling to add something unique to your home that others may not appreciate or use, like a sauna, pool, sunroom, or home office, don’t expect to make much of that money back when reselling.

Which Home Renovation Projects Add the Most Value? [INFOGRAPHIC]

You’ll be happiest if you choose a project that not only recoups some of your costs, but that you’re actually interested in. Potential buyers a few years from now may not love that pool, but when it’s 80° out and you’re sunbathing with a cocktail in your own backyard, it could all be worth it.

Share:

Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.

First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

How Local Produce Leads to Local Innovation When you take a bite of an apple or dig into some leafy greens, do you ever think about where they came from and how they were grown? With the wealth of information available via the Internet, wary consumers in North Carolina (and beyond) are getting invested in and engaged with where and how their food is produced, from the chemicals involved to the methods used to get the goods from the farm to their forks. It’s no surprise that many are finding it’s often more beneficial for their bodies, their families, and their communities to purchase food products from local farms. Paul Jones, Media Marketing Specialist of the North Carolina Department of Agriculture, explains that the interest in organic, locally grown food is nothing new in North Carolina. “Agriculture has such a rich heritage in North Carolina and continues to be the state’s top industry,” he explains. “I think both those factors contribute to our strong interest in local food.” But the rebirth of the farm-to-table movement nationally has been “tremendously beneficial” to farms that dot the state, says Jones. One such business is Pine Knot Farms located in Hurdle Mills, North Carolina. Pine Knot Farms: Organic Original The Orange County farm was originally built for large tobacco crops but is now known more for its certified organic vegetables including collards, kale, and sweet potato greens. Owner Stanley Hughes and his wife, Linda Leach Hughes, are proud to carry on the century-old tradition of organic farming that started when Stanley’s grandfather purchased the land in 1912. “Back in the day, they were farming organically, but there was no term for it,” says Linda. “It was just the way things were done. This land is over 100 years old and has never had any chemicals on it.” Stanley says that the local movement has led to increased demand of Pine Knot’s organic products. “We’ve seen an increase of 15-25% a year in the last 10 years because folks are more educated about what they eat.” Buying Local Helps Local Economies And they are not alone. The Hughes say they have seen many other farms benefiting from consumers who keep their food spending within the community. “It’s helped them to maintain 5 min read

Why Having the Latest is the Greatest: Update Your Browser Today We’ve got a secret weapon in the fight against the fraudsters who are trying to steal the data off your computer or mobile phone: having an up-to-date web browser. 2 min read

Hand pointing at iPad with home buying app on screen

Helpful Apps for Homebuyers There are few industries as fast paced as home buying, so it’s no surprise these days that purchasing property has gone mobile. There are all kinds of tools and apps for your tablet or Smartphone that you can use to get ahead of the competition. 4 min read

10 Tips to Help You Save Money at the Grocery Store Here are 10 tips that will help you save a little cash each month at the grocery store, no matter how many hungry mouths you have to feed. 6 min read

Which Renovations Give You the Most Bang for Your Buck?

Ready to talk to an expert?

Ready to talk to an expert?

You may be interested in...