TO RENOVATE OR NOT TO RENOVATE - THAT IS THE QUESTION
Are you thinking about renovating your home, but unsure which projects will actually pay off? Or maybe you're just curious about the value of different home improvements. Either way, our quiz is the perfect way to test your ROI knowledge and discover which renovations will give you the most bang for your buck. From kitchen remodels to bathroom upgrades, we'll cover it all and help you determine which projects are worth the investment. So what are you waiting for? Take the quiz and then browse the stats pulled from the NAR remodeling impact report.
HIGHLIGHTS: NAR REMODELING IMPACT REPORT
Data in the report:
This report is unique in that it looks at the typical cost of a remodeling project (with data from our partners at the National Association of the Remodeling Industry (NARI), what could be recovered at resale of the home (information from REALTORS®), but then also the homeowner's own experience taking on a remodeling project.
This year, the winner was hardwood flooring. Hardwood floor refinishing and putting in new wood flooring had the most significant value, and these projects also had high Joy Scores (calculated by NAR for each project based on the happiness homeowners reported with their renovations) among homeowners. Hardwood flooring looks beautiful in photos and videos, can be easier to clean for new pet owners, and adds warmth to a home that is appealing to both home buyers and homeowners.
New questions were added this year that looked at owners' motivations to remodel another room once one was completed. The report shows that remodeling can be almost a fun hobby or addiction. Once an owner tackles one room, they are excited to turn to another for the next project.
National Association of REALTORS