When you’re making a large purchase it’s always a good idea to do your due diligence up front. The same goes for home improvements. The question you should be asking before making any home improvement is which will give you the most bang for your buck?
The infographic below summarizes the result of a survey of 113 prospective home buyers and interviews with 45 industry experts. Surprisingly, it isn’t kitchens and baths that home buyers are most after, but rather open plan living. Unfortunately, due to the expensive nature of this home improvement, you’re unlikely to recoup your investment through home value appreciation.
It was actually improved flooring that yielded the best return on investment. The premium that home buyers said they would pay for, in addition to the relatively low cost of improving your flooring, means that this is where your money is best spent.
Courtesy of: Kayu Connection