Categories
Home Insights Home Owning Tips Home Selling Tips Newsletter Featurettes

3 Home Improvement Projects with Great Return on Investment

Looking for a home improvement project that will provide a high return-on-investment at resale? What about one that won’t need a small loan to accomplish?  A national Cost vs. Value Report recently evaluated projects across our area in order to come up with the ones that have the most bang for your buck.

 

Three of the projects they outlined cost less than $1,500 but have returns on investment of 73 to 129 percent.
Here are the short project descriptions and cost breakouts.

Attic insulation with fiberglass

Whether you use your attic as a storage space or are thinking of repurposing it as a living area, it’s critical that the area is insulated. By sealing off your attic with fiberglass insulation, you’ll spend an average of $1,300 and you could recoup $1,470 upon resale.  That’s right, you should theoretically make money by insulating your attic. Additionally, you should see a drop in your heating and cooling bills once your attic is insulated. When it comes to your return on investment, attic insulation is one of the top-returning home improvement projects you can take on.

 

Garage door replacement

Whether your garage door has had an unfortunate run-in with your mini-van or it’s simply dingy after too many Central Kentucky winters, the time has likely come for it to be replaced. With a cost of just $1,650 on average and a 73 percent return on investment, you won’t lose much money on this project whether you sell this spring or in a few years.

 

Entry door replacement

There’s a reason front doors are often used on homeowner magazines, movie posters and book covers — they’re eye-catching and draw in attention. This is especially true when it comes to buying a new home. Most staging and home seller tips recommend that sellers purchase a new front door or paint their current front door so it’s bright and inviting. Whether a buyer is looking online or driving by in person, a bright front door will capture their interest.

 

The Cost vs. Value Report verifies that this isn’t just a great trick for drawing buyer attention, it can also pay off at closing. Across our area, this project should cost $1,380 and could recoup $1,775 — a return on investment of 129 percent!

 

 

Categories
Home Insights Home Owning Tips Home Selling Tips Newsletter Featurettes

3 Home Improvement Projects with Great Return on Investment

Looking for a home improvement project that will provide a high return-on-investment at resale? What about one that won’t need a small loan to accomplish?  A national Cost vs. Value Report recently evaluated projects across our area in order to come up with the ones that have the most bang for your buck.

 

Three of the projects they outlined cost less than $1,500 but have returns on investment of 73 to 129 percent.
Here are the short project descriptions and cost breakouts.

Attic insulation with fiberglass

Whether you use your attic as a storage space or are thinking of repurposing it as a living area, it’s critical that the area is insulated. By sealing off your attic with fiberglass insulation, you’ll spend an average of $1,300 and you could recoup $1,470 upon resale.  That’s right, you should theoretically make money by insulating your attic. Additionally, you should see a drop in your heating and cooling bills once your attic is insulated. When it comes to your return on investment, attic insulation is one of the top-returning home improvement projects you can take on.

 

Garage door replacement

Whether your garage door has had an unfortunate run-in with your mini-van or it’s simply dingy after too many Central Kentucky winters, the time has likely come for it to be replaced. With a cost of just $1,650 on average and a 73 percent return on investment, you won’t lose much money on this project whether you sell this spring or in a few years.

 

Entry door replacement

There’s a reason front doors are often used on homeowner magazines, movie posters and book covers — they’re eye-catching and draw in attention. This is especially true when it comes to buying a new home. Most staging and home seller tips recommend that sellers purchase a new front door or paint their current front door so it’s bright and inviting. Whether a buyer is looking online or driving by in person, a bright front door will capture their interest.

 

The Cost vs. Value Report verifies that this isn’t just a great trick for drawing buyer attention, it can also pay off at closing. Across our area, this project should cost $1,380 and could recoup $1,775 — a return on investment of 129 percent!

 

 

Categories
Home Insights Home Owning Tips Home Selling Tips Newsletter Featurettes

3 Home Improvement Projects with Great Return on Investment

Looking for a home improvement project that will provide a high return-on-investment at resale? What about one that won’t need a small loan to accomplish?  A national Cost vs. Value Report recently evaluated projects across our area in order to come up with the ones that have the most bang for your buck.

 

Three of the projects they outlined cost less than $1,500 but have returns on investment of 73 to 129 percent.
Here are the short project descriptions and cost breakouts.

Attic insulation with fiberglass

Whether you use your attic as a storage space or are thinking of repurposing it as a living area, it’s critical that the area is insulated. By sealing off your attic with fiberglass insulation, you’ll spend an average of $1,300 and you could recoup $1,470 upon resale.  That’s right, you should theoretically make money by insulating your attic. Additionally, you should see a drop in your heating and cooling bills once your attic is insulated. When it comes to your return on investment, attic insulation is one of the top-returning home improvement projects you can take on.

 

Garage door replacement

Whether your garage door has had an unfortunate run-in with your mini-van or it’s simply dingy after too many Central Kentucky winters, the time has likely come for it to be replaced. With a cost of just $1,650 on average and a 73 percent return on investment, you won’t lose much money on this project whether you sell this spring or in a few years.

 

Entry door replacement

There’s a reason front doors are often used on homeowner magazines, movie posters and book covers — they’re eye-catching and draw in attention. This is especially true when it comes to buying a new home. Most staging and home seller tips recommend that sellers purchase a new front door or paint their current front door so it’s bright and inviting. Whether a buyer is looking online or driving by in person, a bright front door will capture their interest.

 

The Cost vs. Value Report verifies that this isn’t just a great trick for drawing buyer attention, it can also pay off at closing. Across our area, this project should cost $1,380 and could recoup $1,775 — a return on investment of 129 percent!

 

New Home & Remodeling Marketplace

Curious about the housing industry in Lexington? Of course you are – you’re on the Rector Hayden Blog for Big Blue’s Sake!!  

Attend the New Home & Remodeling Marketplace to meet local building professionals who can help introduce you to the Lexington Lifestyle! 

Event is in the North Exhibit Hall and Concourse of the Alltech Arena.  Free parking. 

Sponsored by BIACentralKY (formerly HomeBuilders Association of Lexington)

Times:  

Friday 4 PM – 8 PM

Saturday 9 AM – 4 PM

Sunday 10 AM – 4 PM

Lexington Tour of Remodeled Homes with HBALexington

Admission: $10 per person (Children 12 and under free)
Tickets available at each home on the Tour. (Cash only, please)

The 2016 Tour of Remodeled Homes consists of 11 stellar remodeling projects to offer insights and inspiration to those among us that have so often said, “we need to do something to this… (name your space)”. This year’s tour offers ideas and examples of almost anything and everything that can be done to update or upgrade the space we call “home”!

Please visit each home on the tour to fully appreciate the rich value to be found by the remodeler members of the Remodelers’ Council.

LEX DIY 2016

LEX DIY is a free “how-to” event open to the community. Representatives from local businesses and organizations will be available to teach participants different skills every half hour. Topics include pairing wine with cheeses, making balloon animals, using a French press, studying your own genealogy, and much more! Booths will be set up around the Sullivan University/Spencerian College campus located at 2355 Harrodsburg Rd in Lexington. Visit one, or visit eight, the choice is up to you!