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If you’re wondering which property rehab projects might produce the most return on investment (ROI), the latest Cost vs. Value Report from Remodeling magazine might help you prioritize your property updates list.
Manufactured stone veneer and garage door replacement are the top two home projects that recoup the most money, with nearly 96 percent and nearly 95 percent of the cost recouped on average, respectively.
Improving a property’s outer appearance has a major role in increasing ROI, according to the magazine:
“Curb appeal” and “first impressions” are central to a real-estate professional’s estimation of resale value. Granted, a home’s exterior will only persuade potential buyers to see more, and first impressions can vary from one individual to the next. But the impact these impressions make is critical in setting the stage for what a buyer is willing to pay for a home.
Which property rehab projects return the most profit? Here are the projects and their cost-to-value ratios, according to the national average.