What is the ROI on home renovations?
An example of an AI chatbot conversation about home renovation return on investment.
What is the ROI on home renovations?
The ROI on home renovations can vary widely, but on average, homeowners can expect a return of about 70-80%.
Which renovations provide the best ROI?
Kitchens and bathrooms typically offer the best ROI, often returning over 80% of the investment.
Are there any renovations that might decrease my home's value?
Yes, some renovations, like overly personalized designs or high-end upgrades in a lower-value neighborhood, can decrease value.
How can I calculate the ROI for my specific renovation project?
To calculate ROI, subtract the renovation cost from the increased home value, then divide by the renovation cost and multiply by 100.
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