WHAT'S YOUR HOME RENOVATION ROI I.Q.?


Take the quiz and see how much you know!
Based on the National Association of REALTORS® Remodeling Impact Report.


Woman with paint samples

Which of the following remodeling projects has the highest ROI?



Contractor belt


Which of the following remodeling projects has the highest ROI?



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The correct answer is Hardwood floor refinishing.

Hardwood floor refinishing

Refinishing your hardwood floors can give almost 150% ROI!



You answered

What percentage of homeowners hire a professional for all remodeling jobs?



Tiling


What percentage of homeowners hire a professional for all remodeling jobs?



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The correct answer is 35%.



Thirty-five percent of homeowners hired a professional for their jobs, 28% hired the labor but purchased the materials themselves, and 22% did the entire project themselves.



You answered

What's the main reason that homeowners renovate their homes?



Broken siding


What's the main reason that homeowners renovate their homes?



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The correct answer is to upgrade worn-out surfaces, finishes or materials.



Although 16% of homeowners renovate because it's time for a change, and 20% renovate to add features or improve livability, most people (30%) remodel to upgrade worn-out surfaces, finishes, and materials.



You answered

Which two exterior home projects have the highest ROI?



house frame


Which two exterior home projects have the highest ROI?



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The correct answer is updating the roof and the garage door.



Although 16% of homeowners renovate because it's time for a change, and 20% renovate to add features or improve livability, most people (30%) remodel to upgrade worn-out surfaces, finishes, and materials.



You answered

Which exterior remodeling project brings the most joy to homeowners?



family happy


Which exterior remodeling project brings the most joy to homeowners?



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The correct answer is painting the exterior of the house.



Fifty-two percent of homeowners felt that their house had better functionality and livability after painting their house, while only 36% of people felt the same about adding windows.



You answered

You got out of 5 right!





“An added benefit to home renovations is the possibility of an increase in the home’s value ... This is especially advantageous to a homeowner who may be considering selling their house."


-Jessica Lautz, vice president of demographics and behavioral insights, NAR.