Infographic: Five Renovations that Add Value to Your Home
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This infographic was submitted to us by Citizens Bank, who also provided this description:
If you’re getting tired of your outdated home but aren’t looking to move right now, consider remodeling. Home renovations are a great way to help you fall in love with your home all over again while adding value at the same time. Certain popular renovations like a roof replacement or a new patio can make your home beautiful and improve its resale value. Depending on the type of improvement, some renovations can even help you save money on your heating and electric bills. Though improvement projects can become expensive, a home equity loan or home equity line of credit is a great way to help you finance your renovations and capitalize on their ROI.
This is an informative guide for homeowners who are perhaps looking to sell their home in the future. What renovation will get you the best ROI? At a glance, looks like fiber-cement siding, at 78%! How can I tell that at a glance? Because this infographic utilizes keys and font sizes to emphasize what the most basic/critical information is — so a simple scroll through each set of “Cost” and “ROI” numbers reveals the best number pretty quickly (with data visualization to help gauge ROI).
There are a few exceptions to this clarity — perhaps the addition of a full bath (which increases home value 10-20%) might be worth more, but since it’s presented a bit differently, it’s tough to tell.
I spotted a typo (#4, Patio Upgrade: the blue box reader “Average cost of hot water hear/boiler,” where “hear” should be “heater”) — it’s definitely tough to catch every little thing, but it’s also really important for maintaining a professional appearance.
In all this is a good guide for folks looking for ballpark estimates on home renovation values, and I’d give it an A- just for those couple of details!
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