Overall Cost vs. Benefit

According to Lending Tree, even if a home renovation project does increase the value of your home and fetch you a higher dollar amount when you sell it, you likely will not recover 100 percent of the cost of the project. Of course, some renovation projects, like a bathroom or a deck addition, fetch a higher return on the investment. Renovations can help move a house faster, helping you to save on paying the mortgage month after month when you put it up for sale.

Bathrooms

Contractor website Handyman.com claims that bathroom renovations can fetch a rate of return on the investment of 102 percent on average. Many modern home buyers look for upgrades in the bathroom like a jetted tub or a heated floor, so they do not have to walk on cold tile when they step out of the tub or shower. Buyers will zero in on anything that looks like mold or mildew, including aging grout between tiles, or the caulking around the bathtub or sink. Also, if there is space in the house, consider installing another bathroom. Handy American says adding a bathroom in a house with one or one and a half bathrooms provides up to a 169 percent return on your investment.

Landscaping

One of the first things a potential home buyer will see is the outside of the home, and this includes the landscaping. In the age of the Internet, the picture of the front of your house may be the only chance you have to get a potential buyer interested enough to click on the link. Handy American claims that modest landscaping improvements can net an average 100 percent return on your investment, making it a good renovation project to put on your list. Eliminate weeds in the yard, cut back overgrown trees or shrubs, plant attractive flowers and maintain the lawn to appeal to home buyers.

Bad Investments

References

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