What Is the return on investment (ROI) for home renovations?

What Is The ROI On Home Renovations

What Is The ROI On Home Renovations

Did you know that renovating your home can increase the value of your home by an average of 56%?

Whether you are looking to buy and flip a home, renovating your existing home, to buying a fixer upper, home renovations can yield a significant return on investment for a homeowner.

When doing a home renovation, bathroom renovations and kitchen renovations can yield the biggest returns on investment.

When it comes to kitchen renovations, which is the most important part of a home for most buyers and homeowners, the average cost of a kitchen renovation in the US costs $21,198 with an 81.1% return on investments or $17,193 in the increased value of your home. These numbers are an average and can differ depending on the finishes that are chosen by the homeowner.

For a bathroom renovation, the national average cost is $19,193 with a return on investment of 70.1 percent or 13,422. These numbers are an average and can differ depending on the finishes that are chosen by the homeowner.

There are other minor renovations that you can do to your home such as a garage renovation by simply changing the garage door, which will yield a 97.5 percent return on investment. That’s a great ROI considering that a garage door sells for on average for around $1,200.

Other home renovations such as Decks and Patios can also yield a nice return on investment of 60-73% respectively.

Ready to get started on a home renovation? If so without a doubt you will or your contractor will need to rent a dumpster to dispose of the construction debris. Gaeta Green Environmental Services has all dumpster sizes available for rent. We have 5 yard dumpster rentals, 10 yard dumpster rentals, 20 yard dumpster rentals, and 30 yard dumpster rentals available. Not sure what size dumpster you need? Check out our blog post “What’s The Best Dumpster Size For My Project?

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