Most home improvements add value to your home. Some more than others. If your goal is to get a return on your home improvement $, then skip these. But if you just want a better kitchen or an extra bath because it makes a happier home, then do it! The folks at Hanley Wood produce an interesting study every year called the Cost vs. Value report. It rank orders home improvements by return on investment. According to their list, for Colorado Springs, here are the worst returns …
So, if your looking to improve your ROI, check out the Top 5 Home Improvement Projects in Colorado Springs. And if your looking for specific ways to increase the value of your investment check out KayuConnection.
Finally, I’d like to conclude this post by saying I believe the list should be used more as a rank order tool than a precise estimate of what the work will cost. There are some very compelling arguments that point out how home improvements can be done much more cost effectively … especially if you approach the project with a specific goal of improving value. That’s different than undertaking a project to suit your particular sense of esthetics … that can understandably be much more expensive. KayuConnection makes a fantastic case for profitable home improvements. See the article HERE.
10 Investments to Boost Your Home’s Value via DIY Network
Home Improvement Projects that Increase a Homes Value via Kyle Hiscock
7 Quick Home Improvement Projects via HouseHunt.com
Home Improvement Mistakes That Impact Real Estate Value via Bill Gassett
About the author: The above article “Home Improvement Projects With The Worst Return on Investment” was provided by Kevin Guerrero of Keller Williams Clients’ Choice Realty. To find out more about Kevin and Keller Williams check out the ABOUT US page.