The Best Home Improvement Projects in Lake County

With the housing market rebounding, now is the time to invest in your most valuable asset in Painesville. It is worth noting that certain renovation projects will bring a larger return on investment yet most projects will not provide a 100% return. This means that while you are adding equity to your property, you may not necessarily recoup all of the money spent renovating it. There are many reasons for this but it comes down to the fact that buyers are considering the whole package and not just one particular aspect. That being said, here are projects that are worth the investment. These figures are based on a report by Remodeling Magazine and are based on national averages. In certain regions, different remodels may be worth more or less but this is a good indicator overall.

Front Door

The Front door is the gateway to your home. Buyers typically make a decision within minutes of seeing a house and the entryway can have a huge effect on that decision. By upgrading your front door, you can have a whopping return of 96.6%. This is the most return of any updates available.

Deck Addition

With an 87.4% return, adding a wood deck is a great way to add value to your home in Grand River. Many potential buyers are looking for spaces that can be used to entertain guests as well as outside spaces that they can enjoy. A deck accomplishes both of these desires.

Siding

Updating your siding can have up to an 87% return. Buyers typically want a house in Mentor that does not have major issues and siding can be a significant problem if it needs to be replaced. In addition to the practical benefit, siding now comes in a variety of colors so it can add a bit of flair to your home.

Attic Bedroom

One of the best renovations you can do to your home is to add an extra bedroom. This is because it opens up your target market and widens the appeal. One of the most popular places to do this is in a walk-up attic since it is already a framed part of the home. It can have an 84.3% return.

Garage Door

This may seem like a trivial component but garages can have a significant impact on the appearance of a house in Eastlake. A new, inviting door can work wonders in improving the overall feel of your property. A new garage door can have an 83.7% return.

Kitchen

Minor kitchen remodels such as appliance upgrades, the addition of extra lighting, and adding storage can have an 82% return. If you decide to make major renovations, you can expect a 74.2% return.

Bathroom

Upgrading the bathroom is always a good idea. Buyers do not want a bathroom that is old, dirty, or outdated. Like the kitchen, as long as you do not go overboard with the renovation, this can have a solid return on investment. Most bathroom remodels generate a 72.5% return. If you want to go even further and add a new bathroom, it will have a 60% return.

Conclusion

While this is not a list of every possible renovation you can perform, these are the ones that offer the best returns on investment. If you plan on selling your home in Painesville in the near future, focusing on these projects can have a huge impact on how fast your home sells and for how much!

You May Also Like…

ABOUT US

Joseph A. Zingales is a Broker in the State of Ohio, a Broker in the State of Florida, the Principal of The Zingales Team and has been a licensed Real Estate Agent since January 1998.

Licensed/Certified: Broker, Realtor®, Appraiser, and Home Stager

©2022 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc. ® Equal Housing Opportunity.

Address: 7466 Auburn Road Suite 201, Concord, Ohio 44077

Email: info@ohiohomeservices.net

Office: 440-296-5006

FOLLOW US

Terms of Use | Privacy Policy | Fair HousingAccessibility
© 2022 Zingales Real Estate Enterprises LLC