Are you thinking about remodeling before selling your home?
Generally, remodeling can help with selling a house, but the benefits might be financial, or it could simply help you sell the house faster by reducing the time it stays on the market.
If you’re looking to invest in remodeling with the goal of selling your home at a higher price, I’d like to introduce a site that could be helpful.
Click the link below to see the top remodeling projects that provided the best financial returns in 2023, ranked both nationwide and by region.
Looking at the national rankings:
1. HVAC Conversion/Electrification (Converting HVAC systems to electric) – ROI: 103.5%
2. Garage door replacement – ROI: 102.7%
3. Manufactured stone veneer (Adding stone tile to the exterior) – ROI: 102.3%
4. Entry door replacement/steel – ROI: 100.9%
These are the remodels that can slightly increase your return on investment. Again, this ranking only talks about the financial returns, but doing a good remodel can certainly help you sell your house faster.
Now, let’s look at the rankings for the Illinois area:
1. Manufactured stone veneer – ROI: 102.6%
2. HVAC conversion/Electrification – ROI: 97.7%
3. Garage door replacement – ROI: 80.4%
4. Minor kitchen remodel/midrange – ROI: 74.3%
As you can see, in the Illinois area, the only remodel that made a profit was updating the home’s exterior with stone tiles. If you plan to stay in the house for several more years, the situation might be different, but I hope this information is helpful for those of you considering remodeling before selling your home.
I’ll be back with more great content next time.
Let me know if you need anything else!
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