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Remodeling? These home projects offer the best return on investment

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When to renovate your home and when to move, according to the Property Brothers

Even when they don’t buy a fixer-upper, most people will end up doing some amount of repairs on a new home.

About 95% of homeowners said they plan to take on a major home improvement project in the next five years, according to a recent report by Real Estate Witch. However, only 50% said they can afford it at the moment.

They’ll also likely spend more than they initially expect. The average homeowner shelled out $3,890 on renovations and remodeling in the past year alone, the report found.

In some cases, they may get that money back when it’s time to sell, but not all home renovations deliver the same return on investment.

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Source cnbc.com

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