Your home. Likely, it is your biggest asset…and your biggest expense. For most, the to-do list of home improvements is never ending. Whether to increase resale value or just for personal enjoyment, home improvements can range from small to large.
What’s in your toolbox? While a hammer and paintbrush can address some home improvement projects, others require a more significant financial investment. Which projects provide the greatest return? The results may surprise you.
Make your home improvements pay off.
A 2016 Cost vs. Value report from Remodeling magazine outlines the costs recouped for home improvement projects in the St. Louis area. The top 10 list includes:
- 91%—attic insulation
- 84%—entry door replacement
- 83%—deck addition
- 79%—manufactured stone veneer
- 74%—siding replacement
- 72%—minor kitchen remodel
- 68%—roofing replacement
- 66%—garage door replacement
- 61%—bathroom remodel
- 61%—two-story addition
Surprisingly enough, several of the projects that yield the greatest return require the smallest investment, like the top two on the list.
Get to work!
If you’re thinking of selling your home in 2017 or you just want to improve the look or function of your home for your own enjoyment, now is the time to start tackling the projects on your to-do list. Your home holds limitless potential! Home improvements have a dual benefit of improving the aesthetics of your home AND adding value. With competitive rates, borrow up to $35,000 with a Vantage home improvement loan.
Unlock your home’s hidden potential. Apply for a Vantage home improvement loan today!
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