If you’re thinking about remodeling your home in Aspen, you’re probably wondering how much cash you can earn back at the closing table. Here’s a quick run-down on the average return on investment for the most common home renovations.
Average Return on Investment for Home Remodeling Projects
While your actual return on investment will vary based on several factors, these are averages you can expect. As always, you should talk to your Realtor® if you’re planning to renovate your home to sell it. Remember, too, that these are nationwide values – things are a little different in Aspen.
|Project||Average Cost||Average Value at Sale||Return on Investment|
|New garage door||$3,470||$3,411||98.3%|
|Wood deck addition||$10,950||$9,065||82.8%|
|Minor kitchen remodel||$21,198||$17,193||81.1%|
|Minor bathroom remodel||$16,393||$11,581||69.5%|
In most cases, it’s better to replace or repair your existing items than to remodel. Make sure your roof is in great shape, your siding is in good repair, and that your deck isn’t falling down – buyers would rather invest in those things than updated kitchens.
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