All homeowners want to make the most of their investments in real estate. After all, purchasing a home is likely the largest single investment an individual will ever make. Doesn’t it make sense to seek the highest return on that investment?
But home improvement projects aren’t all created equal. There are some that will help boost your home’s value — and that allow you to recoup a large portion of the initial cost. And then there are others that are money losers — ones that hardly move the resale value needle.
Remodeling.com publishes an annual home improvement Cost vs. Value Report. It includes nationwide averages, as well as regional analyses (Chicago is in the East North Central region that includes Illinois, Wisconsin, Minnesota, Michigan, Ohio and Indiana).
Are you considering home improvement projects at your Chicago-area property? To help you make the most informed decisions possible, here’s a look at 7 home improvement projects that pay off at resale.