May is here, and summer is near.
The pandemic forced us to be home for over a year! As a result, many have been motivated to make a change in scenery. People have launched a variety of projects, from small organizational kinds to full-scale remodeling. Home renovation markets have been booming this last year and continue to rise along with their prices. Before your clients start a new project, let’s help them decide how and where to refine their
home before selling or borrowing for their next refinance while rates are at a historical low. As of now, homeowners are getting a 60% return from their renovation investments. Who’s in?
The cost of renovations has risen drastically for both materials and labor. With the pandemic causing supply-chain disruptions and global trading traffic, it is more expensive to start and end quickly and cost-effectively.
As of lately, exterior curb appeal has increased and is outperforming larger remodeling projects. Covid has made people reluctant to invite workers into their homes; therefore, the next option is to fix the outside lawn, landscaping, or add new areas to relax like a spa or outside gym.
Here are some items to consider updating:
● Garage Door – replacing shows a 94% return on investment
● Manufactured Stone Veneer – came in 92% return on investment
● Minor Kitchen remodeling – 72% return investment
● Window Replacement – Vinyl – 68% return investment
● Backyard Wood Deck – 66% return investment
Find the full report about remodeling projects from the 2021 National Averages and help your clients decide based on their budget how to get a higher return!