A new report shows that remodeling projects will warrant no profit when selling a home. According to a study by the National Association of Realtors, home owners will recoup about 60 percent of their remodeling investment. Where kitchens and bathrooms previously had the best payback, today it’s the exterior maintenance that is most rewarding.
Exterior improvements mostly performed better than interior ones, owing to the necessity of maintaining a home’s “curb appeal.”
“In today’s buyers market, given the large inventory, where people have so much selection, it’s important to have the exterior catch the eye so they’re willing to step inside,” according to Lawrence Yun, chief economist for NAR.
Consider a new deck, vinyl soffets, new gutters, and updated landscaping.
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