Best Home Improvements When Selling My Home? Home Improvement Value

Best Home Improvements When Selling My Home? Home Improvement Value


Hey Michael Church, Crawl Space Ninja. Are you thinking about selling your house? Guess what? I’ve got six home renovations that will return
the most for you at resale. Stay tuned. Okay, so according to an NBC news affiliate
in Denver, Colorado, they came up with a list of the top six home renovations that you can
do that will return the most at resale. And guess what? None of them will give you your money back. None. So let’s go through this, shall we? The number one is the garage door replacement. According to this link of this article, which
I’ll put a link down below so you can read the whole article, all right, the first thing
you should do is a garage door replacement. Average cost $3,600, return on the investment
$3,520. That’s 97% return on your investment, so that
apparently is a good deal. Okay, so then we’ve got manufactured stone
veneer. I can barely say that just so you know. Average cost $8,900, return on your investment
$8,400, almost 95%. So if you’re looking to lose money while getting
your house ready for resale, those are the top two things that are going to pay back
almost as much as you put in. Now of course, if your garage door is like
falling off the track and you got to do what you got to do to sell the house, right? But what I’m concerned about is why are they
telling people to do these renovations if you don’t make any money at it? I mean, every DIY show on the channels we
watch is like, “Oh, well you spend $200 and you make $10,000.” Well, I don’t see any of that in this article. Here’s the third one, minor kitchen remodel. First of all, what’s a minor kitchen remodel? Is that just replacing the countertops. Anyway. So a minor kitchen remodel is $22,000. That’s a minor. What’s a major kitchen remodel? 50? Anyway. A minor kitchen remodel $22,000, return on
invests… or the average resale is $18,000, which means you’ll recoup 80% of that minor
kitchen remodel. All right. Number four, deck addition. Okay. So why would you put a deck on your house
to sell the house? I’m not sure I understand it. It’s not like a major thing. But anyway, that’s what they’re recommending. Put a new deck on the house for 13,000 and
recoup $10,000 back. So, so far it looks like we’re losing, ooh,
I don’t know about eight $10,000 on our investments that we put in there so far. Number five, siding replacement. Now of course that is huge if you’ve got water
coming through or your windows are leaking, so that’s more of a necessity in my book. But to replace the siding just for curb appeal,
I’m not sure I understand that because apparently it costs $16,000 to replace siding and you
only get $12,000 back, so that’s only a 75% recoup. And lastly, entry door, steel door replacement. I thought wood doors were better, but anyway. Steel door, a steel door costs $1,800 and
you get $1,300 of that back, so a 74.9% return on your investment. So here’s what they’re not telling you, okay? Other than maybe the garage door that’s falling
off of the track and big ole holes in the siding from where you’re out there riding
your lawnmower and you’re flinging rocks at it, I didn’t really hear anything that was
a necessity. But you know what will keep your house from
selling? A bad crawl space, a bad basement or a home
inspector that’s really aggressive and goes up in the attic and sees that you have little
to no insulation. Okay? Those are the kind of remodeling projects
you should really focus on if you’re going to try to resell your house. So my name is Michael Church with Crawl Space
Ninja. We hope you make it a happy and blessed day
and we’ll see you later.

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