Home renovation, whether targeted at your whole house or focused on a more specific area like the kitchen remodeling or bathroom remodeling, makes your space more livable, inviting, and enjoyable. It can also provide a significant return on your investment (ROI).
According to Remodeling Magazine’s Cost Vs. Value Report 2011-2012 the ROI numbers remain strong here in Texas. Some local highlights from the report include:
- Converting an unfinished attic into a bedroom: 72.5% ROI
- Implementing a major kitchen remodel: 57.4% ROI
- Adding a new bathroom to your home: 52.6% ROI
- Expanding with a master suite addition: 50.5% ROI
Much more information is available in the report, which is well worth reviewing if you are considering undertaking a renovation.