Home improvement ROI chart

[69GTX]

Sometimes it's better to not remodel, and sell the place for less. It gives the new owner the option of remodeling to their tastes.

Indeed. My 1960 built home is in that situation. While everything is "solid"....it's mostly orig 60's and 70's. If I went through that
ROI list to "spruce" things up before sale, I'd have to put $100K-$150K into it and would be lucky to get $50K back.
When I bought the home 30 yrs ago, I always figured the "next" owner is going to do a full interior/exterior remodel.
It isn't going to be me. Keep it clean, with a decent appearance that doesn't detract from the neighborhood, and that it's
functional. The majority of original homes in my neighborhood over the past 15 yrs sold in similar condition....and the new
owners invariably gutted them and did full remodeling. As of today, there are very few "originals" left.

 

[Zee09]

I never wanna see the business end of a paint brush again. Let's leave that to @Pablo... He's the man!

I'm robbing his house as the speak

 

[walterjay]

I have been told more than once if doing nothing else that a new paint job is the best thing you can do to sell a home.

 

[Zee09]

I have been told more than once if doing nothing else that a new paint job is the best thing you can do to sell a home.

And it could be real costly to the buyer to fix the bad paint job... I have fixed many bad paint jobs in my time.

Freshen ups they call them instead of screw ups

 

[walterjay]

And it could be real costly to the buyer to fix the bad paint job... I have fixed many bad paint jobs in my time.

Freshen ups they call them instead of screw ups

I should have noted that I was referring to a quality paint job. I have seen some real slop overs in my time.

 

[Zee09]

I should have noted that I was referring to a quality paint job. I have seen some real slop overs in my time.

Like ceiling paint to freshen up the cabinets

 

[SC Maintenance]

The color is avocado...and for some of us it's highly desired. The quality is far above the overseas-made crap from the big-box stores. So many people watch too many home renovation shows and go straight for shades of grey, cheesy subway tile, and accessories from Amazon. Much better if simply left alone. There's a lot to be said about originality.

I'm over halfway through our home renovation, basically un-doing a lot of the shoddy "upgrades" the previous owner made.

Is orange shag carpet in the bathroom still desirable also?

Shoddy upgrades are shoddy irrelevant of color.

 

[Pablo]

I never wanna see the business end of a paint brush again. Let's leave that to @Pablo... He's the man!

Nope. Double nope!! Haha

 

[UncleDave]

My ROI methodology is to have the worst house on the street. Let others drive up the value...
Here's the back of the garage; Bemjamin Moore paint and solar panels for the win!
View attachment 306724

Benjamin Moore for the win. Best stuff.

 

[dubber09]

Imho, no improvements or repairs may be worth it if ROI is less than 100% when the house is for sale.
Think of it, you put $10,000 into repairs and improvements but if ROI is only 80% then house price goes up by $8,000 thus you are still $2k out the pocket. And the money part is not the only thing, time and effort may actually 'cost' you even more.

 

[JeffKeryk]

Benjamin Moore for the win. Best stuff.

Pay once, cry once. When paint still looks good 20 years later, you done good...
And finding the right painter is key. I have him working on our Petaluma house now. No more popcorn!

 

[Pablo]

Imho, no improvements or repairs may be worth it if ROI is less than 100% when the house is for sale.
Think of it, you put $10,000 into repairs and improvements but if ROI is only 80% then house price goes up by $8,000 thus you are still $2k out the pocket. And the money part is not the only thing, time and effort may actually 'cost' you even more.

Actually your ROI are dollars after your initial investment to put it most simply

If anyone is getting 80% ROI sign me up! That would be huge

 

[dubber09]

Oh, you are right, I had to refresh my memory on how ROI is calculated
So, 80% is a gain of $80 on a $100 investment.

 

[Donald]

It all depends upon the state of the current area or surface. If you have nice warm wood stained kitchen cabinets with quartz countertops and you remodel to all white cabinets with quartz countertops I doubt you will get much of a return on your investment. But remodel from avacodo green metal cabinets with Formica countertops to something more modern then yes a good return on investment.

 

[Donald]

Paint the interior walls "guy beige". It's a boring shade of beige that a guy would pick out on his own hoping it will go with most furniture placed in room.

 

[KrisZ]

Kitchen remodel or re-paint is the best bang for the buck in my experience. Another one is having fairly neutral colors that appeal to most buyers/renters. And finally the house has to look better than in pictures or at least the same, not worse.