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An HVAC conversion costs an average of $17,447, but has a resale value of $18,366 – a 103.5% return on your investment. After HVAC , the biggest returns nationwide are associated with the following 10 home improvements, according to the report. 1. Garage door replacement. Cost: $4,302. Resale: $4,418.
Upgrades that add physical square footage or make the house feel like home. 1. Convert or build a home office. An Upwork study projects that 22% of the workforce will be working remotely by 2025. Buyers care about a home office more than they care about whether the home is move-in ready or is of a minimum square footage.
Fresh paint can make a home's exterior look brand new again. For the best results, always choose long-lasting quality paint and a color that fits in with the neighborhood to maximize your home’s desirability. 7. Add an outdoor living space. Average cost: $10,500-16,900 | Estimated value added: $10,000-15,000.
Fiber-cement. Average cost: $20,619. Average resale value: $18,230. Cost recouped: 88.4%. Change in cost recouped from 2023: -0.1%. For the average home, replacing 1,250 square feet with new fiber ...
Consider turning an unused home office into a bedroom or reworking an unused living room into a flex space. 3. Luxurious bathrooms. Buyers are looking for bathrooms that feel like a spa experience. 92% of top agents surveyed in our year-end report said modern bathrooms will make homes more appealing to buyers in 2024.