These home renovation projects get the best return on investment

These home renovation projects get the best return on investment

For example, it’s not the spa-like bathroom or the magazine-worthy custom kitchen that provide the best return on investment, according to a new report on the impact of home remodeling from the National Association of Realtors and the National Association of the Remodeling Industry.

Instead, the interior projects that recoup the most are refinishing hardwood floors and installing new hardwood flooring.

The report estimates the cost of refinishing floors at $3,400 with an estimated return on investment of $5,000, for a 147% recovery of costs. The estimated cost of installing hardwood floors is higher at $5,000, but with a $6,500 return on investment, 118% of the cost is recovered, according to the research.

https://www.koco.com/article/home-renovation-projects-investment/39735725