Return on Home Improvement Investments
(2007 HomeGain Survey of over 2,000 real estate agents nationwide)
|
Improvement |
Typical Cost |
Increase in Sales Price |
Average Return |
Agents Who Recommend |
|
Professional Home Staging
|
$403 - $584 |
$1,938 - 2,431 |
343% |
91% |
|
Lighten & Brighten
|
$233 – 370 |
$1,178 – 1,566 |
355% |
97% |
|
Clean & De-Clutter
|
$190 – 318 |
$1,505 – 1,937 |
578% |
97% |
|
Landscape Front/Back Yards
|
$378 – 546 |
$1,718 – 2,158 |
319% |
97% |
|
Fix Plumbing, Electrical
|
$436 – 621 |
$1,205 – 1,590 |
164% |
93% |
|
Repair Damaged Flooring
|
$628 – 878 |
$1,633 – 2,061 |
145% |
94% |
|
Update Kitchen & Bathrooms
|
$1,404 – 1,828 |
$3,216 – 3,934 |
121% |
87% |
|
Replace or Shampoo Carpeting |
$562 – 808 |
$1,532 – 1,950 |
154% |
98%
|
|
Paint Exterior Walls
|
$663 – 938 |
$1,757 – 2,205 |
147% |
88% |
|
Paint Interior Walls
|
$651 – 920 |
$1,741 – 2,179 |
150% |
97% |
|
2007 HomeGain Survey of 2,000 real estate agents nationwide found that moderately priced home improvements, ranging from $80–2,800, made in preparation for sale actually yield the highest returns when a house is sold. |
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