Home Remodeling Projects With High ROI

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Home renovations are done for a variety of reasons. For one, they want to do renovations

prior to selling the house so it can fetch a higher price in the market. If you’re contemplating on a home improvement project with the intention of selling it, it is essential that you choose projects which will provide you with the greatest ROI. To figure out if your intended home improvement project is practical, you have to check how much of your renovation or remodeling cost will you be able to recover when you put up your house up for sale.

Across many real estate markets, kitchen and bathroom remodeling consistently offer the highest percentage of return on your investment, typically around 80% to 100%. The addition of new bathrooms and family rooms will also give a relatively high percentage of ROI as well. The curb appeal of your house will also greatly influence its resale value. Repainting the exterior and

having a well-maintained garden will allow you to attract potential home buyers and justify a higher price for your property.

If you plan to put your house up for sale in the future, don’t be tempted to renovate your house to add features which are very idiosyncratic. For instance, a fancy swimming pool or tennis court may entice a few buyers, but more buyers will think it is a liability. Hence, you should look for projects which appeal to a wider audience.

To have a successful home renovation project, picking the right contractor for the job is an important step. There are plenty of Portland remodeling

contractors, making deciding who to hire somewhat difficult for some, but it need not be. When looking for Portland contractors, a good source of referrals may be a family member, friend, or neighbor who has had similar work completed since they can provide you unbiased evaluation of the workmanship of the contractor they have worked with.

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You may also look for companies that do remodeling in Portland via the Internet, through search engines or public online forums. Calling or visiting the website of the professional association that accredits these companies in your region or state can help you find reputable ones as well. To find the best offers it may be necessary to get more than one quotation. Remember, price is only one consideration, and choosing one that gave the lowest bid is not always the best choice. The contractor you hire should have the technical, business, interpersonal skills, tools, and experience needed to do the job you want done. They also need to have the required licenses to operate, and the prescribed insurance coverage and contractor's bond.

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