Do you know how much money you should be putting into your homes annual updates to retain its value? Do you know which home updates retain the most value?
While there’s no way to predict home values from year to year with exact numbers, a great general rule of thumb is to spend 1-2% of your homes estimated dollar value in home updates. But where you spend your money matters when it comes to how much of a return you will get on your investment. This article from Realtor.com outlines which home updates had the greatest return on investment- or ROI- in 2018 and why. Not surprisingly curb appeal items had the highest ROI. First impressions matter, and outside updates tend to not have less variety which means less of a chance of harshly clashing with someone else’s style or taste. What are your 2019 home update plans?