Improvement projects with the biggest bang [Video]
Posted on Thursday, October 6, 2016 at 1:10:55 PM
Certain home improvement projects are known to add more value to a home than others, especially when comparing the amount of money that needs to be put up to complete them. Returns on investment should always be a consideration when choosing which project to complete first.
Realty Biz News recently broke down some of the home improvement projects that come with the highest returns on investments, including adding a new bathroom, which can bring back as high as 130 percent of the initial cost. According to the news provider, converting a loft into a bedroom might be expensive, but can have an 85 percent ROI.
What's more, the source pointed out the highly affordable process of insulating an attic can bring back 116.9 percent ROI for the homeowner. All of these projects and many more can be quite expensive, meaning that the homeowner might need to take out a loan to get them done.
Always consider working with a local, community bank to navigate the lending process, as these institutions will often offer a more personalized approach than larger ones.