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Monday, August 31, 2015

What Home Renovation Projects Get the Highest Return?


Looking to buy or sell a Minneapolis area home? Click here to perform a full home search in Minneapolis. If you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us - 612-294-0447 for a FREE home buying or selling consultation to answer any of your real estate questions.

Recently, someone asked what types of repairs and renovations one should do if they plan on selling. Do you want to do a big project when preparing your home for the market? Which projects will add the most value? This is a great topic, and one I'll try to answer today.


I've found that all home buyers want a home that is move-in ready and that has updated kitchens and bathrooms. So, if you're thinking of tackling a renovation project, there are ways to determine what will get you the biggest bang for your buck. The first thing we recommend is to get in touch with a real estate professional so that they can put you in touch with the contacts they have in interior design, staging, and general contracting.

There are a number of things that are extremely cost effective and a number of items you may want to do just to get your home sold. There are things you can spend $10K to $50K on and get double the rate of return if done right. If you have the wherewithal to get through a big project, you may be able to benefit greatly. As with any renovation or repair project, there is always an opportunity cost to consider, especially when you think about the time involved in such things.

We can help you consider the pros and cons of any project to help you decide what will be in your best interest. Give us a call or shoot us an email if you need our help with this or any other real estate topic. We would love to help!