Throughout the decade I’ve spent in the real estate world, I have yet to find a home improvement homeowners make that nets them a positive return on their investment when it comes time to sell. Not until recently, at least.
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Have you considered making improvements to your home at any point? Are you considering whether they will make you money in the long run?
So far over the last 10 years that I’ve been in this profession, everything that I’ve seen, read, and studied says that if you spend $10,000 on a renovation of any type in your home, the return is going to be in the range of $8,000 to $9,500. It just doesn’t make sense to spend that kind of money and not get a 100% return.
The good news is, I did just come across some information that is relevant and specific to the Jonesboro area, saying that one way to improve your home and to recoup more money than you spend is by adding insulation to your attic.
The reason for this is because home inspectors will go into your attic and measure how much insulation is in it. It normally doesn’t meet their requirements.
In our area, only these two improvements bring a positive return.
This report showed that if you spent $1,250 on additional insulation in your attic, you would get up to $1,700 back on your investment.
The second thing that will get you a positive return, according to this report, is manufactured stone veneer. This can really make a bump-out window or peak really pop and give you that extra curb appeal. It can cost anywhere from $2,500 to $5,000, but the report shows that you’ll get more than that in return when it comes time to sell.
