Best remodeling ideas that return the most at resale aren’t particularly sexy.They’re not the things you do when you decide to list your house. Instead, most are just smart maintenance and upkeep. You tackle these projects when you want to stay another 10 or 20 years.The inaugural Remodeling Impact Report examines 20 home renovation projects, analyzing what they potentially return at resale.
The report comes courtesy of the National Association of Realtors, or NAR, and the National Association of the Remodeling Industry, or NARI.Some of the results are surprising.”In the past, NARI data suggested that a complete kitchen remodel could recoup 75% to 80% (at resale),” says Steve Carasso, director of marketing and communications for NARI. But this report pegged the resale return at 67%, he adds.That means kitchens didn’t make the top 6. Neither did bathroom remodels.
RATE SEARCH: Thinking about improving your home? Compare home equity rates today!So when your real estate agent gives you a list of suggestions to make your property more attractive, these home improvements likely won’t be on it (with one possible exception).Read on to see which home renovations are most likely to return what you paid when you sell the house. Here are the top 6, ranked (from lowest to highest) by which renovation returns the highest percentage of your investment…..read more at bankrate.com