Seller Tips

The-Best-Worst-1

7 Best and Worst
Home Renovations in 2016

As it turns out, renovations aren’t always the answer.

A renovation project should not only add immediate value to your home, but also ensure that your return on investment (ROI) is attainable (should you decide to eventually sell). If you’re looking for a high-impact project to tackle this year, be sure to check the 2016 Cost vs. Value Report before breaking ground. To ensure that your shoo-in project won’t leave your budget hurting, here are some of the best (and worst) home investments on this year’s list:

Some of the Best:

#1 Adding Attic Insulation – 116.9%

The addition of attic insulation is the #1 improvement recommended by the 2016 Cost vs. Value Report. With an estimated cost of around $33 a bag, installing fiberglass insulation will increase your home’s value by $1,450. Additional insulation also aids in the utility efficiency of your home — cutting down on energy costs.

#2 Using Stone Veneers – 92.9%

Your home’s aesthetics are very important when considering the overall value of your property. Installing manufactured stone veneers (which cost an estimated $7,500) can potentially increase your home’s value by $7,000. If you have any stone left over, consider using the extras to accent your fireplace or bathtub walls.

#3 Replacing a Door – 91.5% (garage), 91.1% (entry door)

Replacing your current garage door with a steel alternative will offer peace of mind and an additional bump in the overall value of your home. If you decide to upgrade your garage door, make sure to add new steel tracks and a motorized opener to avoid jams. Replacing your home’s entry doors with a steel alternative will cost between $500 and $1,230 per door. But, expect a high ROI should you decide to sell.

#4 Minor Kitchen Remodel – 83.1%

While a complete kitchen overhaul will only retain 64.9% of your investment, there are a few minor updates that will increase your kitchen’s resale value (without a hefty price tag). Replacing cabinet hardware, installing energy-efficient appliances and upgrading your sink are simple, DIY-able ways to get more out of what you put into your kitchen.

Some of the Worst:

#1 Adding a Bathroom – 56.2%

Despite being one of the most popular rooms in your home, a bathroom addition isn’t always the best investment. A midrange bathroom add-on will cost around $40,000 (expect that price to double for upscale additions). Regardless of your total investment, bathroom additions only reclaim (on average) 56% of their original budget.

#2 Adding a Backup Generator – 59.4%

While having power might seem invaluable during a blackout, backup generators usually cost around $3,100 to install. On average, only 60% of your total expense will be added to your home’s resale price.

Read More

Newsworthy

Bob Waters Realty Group - Coldwell Banker Gundaker added 11 new photos.

OPEN HOUSE - 521 Meramec Station Rd., Valley Park, MO 63088...$185,000...Convenient location....Updates throughout...Large fenced yard...Come see us this Sunday, June 25, 2017 from 1-3pm!
... See MoreSee Less

OPEN HOUSE - 521 Meramec Station Rd., Valley Park, MO  63088...$185,000...Convenient location....Updates throughout...Large fenced yard...Come see us this Sunday, June 25, 2017 from 1-3pm!

Bob Waters Realty Group - Coldwell Banker Gundaker added a new photo. ... See MoreSee Less

Dreaming of a new home.....let us help you make it happen! Give us a call today!!! ... See MoreSee Less

Dreaming of a new home.....let us help you make it happen!  Give us a call today!!!

Bob Waters Realty Group - Coldwell Banker Gundaker with Darla Stadler.

Bob Waters Realty Group along with Coldwell Banker Gundaker would like to welcome Darla Stadler to our team as our new home-buyers agent. Darla has over 30+ years of experience in sales, marketing and management in the hospitality/travel industry. Darla is a native of St. Louis and knows the city very well therefore she is the perfect agent to guide you through your home buying process. We are excited to have her!
... See MoreSee Less

Bob Waters Realty Group along with Coldwell Banker Gundaker would like to welcome Darla Stadler to our team as our new home-buyers agent.  Darla has over 30+ years of experience in sales, marketing and management in the hospitality/travel industry.  Darla is a native of St. Louis and knows the city very well therefore she is the perfect agent to guide you through your home buying process.  We are excited to have her!

Karen Newberry, Frieda Smith and 23 others like this

View previous comments

Pam ParkerCongratulations Darla Stadler, I know you'll bring much success to the team

2 days ago   ·  1

1 Reply

Avatar

Charlene TateBeautiful!!! Congratulations! 🍾 Wish I were buying 😉💯

2 days ago   ·  1
Avatar

Connie BodiCongratulations Darla...maybe we'll have a deal to work on togetger.

2 days ago   ·  1
Avatar

Leslie HardtOh Darla, how pretty you are! I miss that smile. Good luck!

1 day ago   ·  1
Avatar

Renee Ross VetterWhat a beauty inside and out! Bob and Jan are lucky yo have you!!

2 days ago   ·  1
Avatar

Kathleen Mastorakos ToddCongratulations! They are so lucky to have you!

2 days ago   ·  1
Avatar

Debbie Arnold DeesCongratulations! This is great news, Darla.

2 days ago   ·  1
Avatar

Steve R HakeCongratulations Darla!

2 days ago   ·  1
Avatar

Christian Deveaux GreerWonderful!!

2 days ago   ·  1
Avatar

Andrea Rubin AlhadeffCongrats Darla!

2 days ago   ·  1
Avatar

Ruthie McLainCongrats Darla.

2 days ago   ·  1
Avatar

Frieda SmithCongrats my friend!!!

21 hours ago   ·  1
Avatar

Sherri AnnCongrats, Darla 😁👍🏻

2 days ago   ·  1

1 Reply

Avatar

Sandy Frank ConklinHow lucky they are!!! CONGRATS, Darla Stadler! ❤

2 days ago   ·  1
Avatar

Kelly Ober-albrechtYea!!!!!!!

1 day ago   ·  1
Avatar

Comment on Facebook

Lets Get Social

Facebook
Facebook
Google+
Google+
http://bobwatersrealtygroup.com/seller-tips/">
LinkedIn
June 2017
Sunday Monday Tuesday Wednesday Thursday Friday Saturday
May 28, 2017 May 29, 2017 May 30, 2017 May 31, 2017 June 1, 2017 June 2, 2017 June 3, 2017
June 4, 2017 June 5, 2017 June 6, 2017 June 7, 2017 June 8, 2017 June 9, 2017 June 10, 2017
June 11, 2017 June 12, 2017 June 13, 2017 June 14, 2017 June 15, 2017 June 16, 2017 June 17, 2017
June 18, 2017 June 19, 2017 June 20, 2017 June 21, 2017 June 22, 2017 June 23, 2017 June 24, 2017
June 25, 2017 June 26, 2017 June 27, 2017 June 28, 2017 June 29, 2017 June 30, 2017 July 1, 2017