Smart Home Renovations - return on investment (ROI) in Minneapolis St Paul area

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Smart Home Renovations

According to a survey conducted by RE/MAX North Central, the majority of Minnesota and Wisconsin homeowners would rather remodel than relocate. While most cite a genuine love for their home as a primary reason for renovating, the desire to enhance future resale value runs a close second.

Every year RE/MAX associates sell hundreds of thousands of homes. The knowledge gained from that experience has been used to develop the RE/MAX Smart Renovator Guide, which is updated annually. It’s just that... a guide to help you understand the preferences of your potential buyer.

Smart Renovator Guide

Smart Renovator Guide

What has the highest appeal to buyers can vary by location, so information in the Smart Renovator Guide gives specifics based on your particular market. Homeowners in all markets put a gourmet kitchen near the top of their wish lists.

Remodeling Nightmare Quiz

Nearly everyone has heard a horror story of a remodeling nightmare. The National Association of the Remodeling Industry urges homeowners to do their homework before hiring a contractor. They offer this Remodeling Nightmare Quiz as a place to start.

Return on Renovation Investment Index

Exclusively from RE/MAX, the Smart Renovator Return on Reno Index is a simple tool designed to help you get the most value out of every renovating dollar you spend. By taking the most common renovations and projecting the average return on investment (ROI) based on market criteria, RE/MAX learned “down to the dollar” what different renovations deliver in different regions of the country. In addition to location, your return can also vary significantly based on the scope of your project and the quality of materials you use.

Six Smartest Renovations

Learn more and watch videos on the six smartest renovations.

  1. Landscaping - it all starts at the curb
  2. Kitchens - the kitchen in the hub
  3. Fireplaces - rekindle your passion for living
  4. Paint - try a fresh coat
  5. Bathrooms - disappear in your personal spa
  6. Floors - great ideas underfoot

 

 

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