Guest Post by Marina Robertson
Real estate is one of the things that you have to save up for if you want to live in your own home, either to live for the rest of your life or sell at a later time for a profit. The money that you will spend on renovating parts of your home may or may not give you back the money that you will dole out. That is why it is important to be wise and informed on what and what not to give priority renovation if you want a positive ROI.
Insulating your attic especially if you live in a cold region will yield you the greatest ROI at over 116%. This is a very good investment considering the figures. Home renovation is very expensive, and if planned poorly, it may put a dent on your savings.
Even if you do not plan to resell your house after several years, it is still important to know how you can save money from your home renovation. You should not go head on without considering all aspects of renovation because it will prove to be a big disappointment over time.
This infographic that we devised shows which home renovations will give you a positive ROI and which won’t. Although at one point or another you may need to have one part of your house fixed to prevent further damage or to up the whole house’s value for resale, it will not guarantee you that you will get back the money, such as in renovating your bathroom.
Read on and get ideas from this chart.