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Thrifty Tips - The best returns on renovation dollars.
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Tuesday, September 27, 2016
Greetings Thrifty Friends,
If you are going to spend big bucks on a renovation project, it should not only add immediate value to your home, but also ensure that your return on investment (ROI) is attainable should you decide to eventually sell. To ensure that your project won't leave your budget hurting, here are some of the best home investments.
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TODAY'S THRIFTY TIP:
Adding Attic Insulation
With an estimated cost of around $33 a bag, installing fiberglass insulation will increase your home's value by $1,450. Additional insulation also aids in the utility efficiency of your home - cutting down on energy costs.
Using Stone Veneers
Your home's aesthetics are very important when considering the overall value of your property. Installing manufactured stone veneers (which cost an estimated $7,500) can potentially increase your home's value by $7,000. If you have any stone left over, consider using the extras to accent your fireplace or bathtub walls.
Replacing a Door
Replacing an old garage door with a steel alternative will offer peace of mind and an additional bump in the overall value of your home. If you decide to upgrade your garage door, make sure to add new steel tracks and a motorized opener to avoid jams. Replacing your home's entry doors with a steel alternative will cost between $500 and $1,230 per door. But, expect a high ROI should you decide to sell.
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