Actually it’s not but 101.8 is a great number when it’s the percentage return on investment (ROI) on a home project. I always get asked, “what can I do to enhance the resale of my home? What return will I get on my investment?” We all focus on the principal selling points of a home – kitchens and baths and then other features like, overall size, bedrooms, finished and walkout basements, proximity to neighborhood features just to name a few. But according to a recent report from the National Association of Realtors and Remodeling Magazine, replacing the front door has a 101.8% return on investment. Not a bad return for a relatively inexpensive upgrade. And it makes sense! A new door dresses up the home and helps with the curb appeal.
If you are thinking about selling your home sometime soon maybe replacing that front door would make sense for you. Oh, and don’t forget to call us for a free market and staging consultation before you get too far. Sometimes we find that sellers spend money and effort on items that really do not dress up a home or enhance its value and not enough on some very simple and inexpensive items like fresh paint, replacing the light fixtures and worn and dated kitchen and bath fixtures. It doesn’t always require a full blown rehab!
It you would like a copy of the 2015 Remodeling Cost vs Value Report From the National Association of Realtors let me know and I will be happy to send it to you.