With mortgage rates up, more homeowners are tapping into their equity for renovations. Here are five top projects from NAR’s latest Remodeling Impact Report.
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Refinish hardwood floors -> Enjoy 147% return, and upgrade your space.
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Install hardwood floors -> Get 118% ROI and love being home even more.
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Insulation upgrade -> Boost energy efficiency and get 100% back when you sell.
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Closet renovation -> Receive 83% ROI, custom storage for you - and your future buyers.
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Attic conversion to living area -> Receive 75% ROI.
For exterior projects, the highest percentage cost recovered was from new roofing and new garage door both at 100%. Fiber, and cement siding recovered 86% of the cost spent and vinyl siding recovered 82%.
