11 Best home improvement projects for your Foreclosure Property
The following home projects topped the list for highest cost recovery:
- Refinish hardwood floors: 147% return on investment
- New wood flooring: 118%
- Upgrade insulation: 100%
- Converting a basement to a living area: 86%
- Closet renovation: 83%
- Converting an attic to living area: 75%
- Complete kitchen renovation: 75%
- Bathroom renovation: 71%
- Kitchen upgrade: 67%
- New bathroom addition: 63%
- New primary bedroom addition: 56%
Why are floors such a good investment?
In todays hot Hawaii Realestate market, almost everything in the inventory is selling fast. If your home is in a pending foreclosure, one way to sell the property fast is by staging the property and performing some quick upgrades to the home. Once your stop a pending forelosure, you will have time to get the property ready to sell. I know what your thinking. If your home was in the brink of foreclosure, how will you have the money to perform a renovation? Well, this answer is simple. Our investor group at Hawaii Foreclosures can invest $50,000 on your property and arrange a joint venture to share in the proceeds when the property sells. You will still get the money you deserve. On the contrary, the propertly will sell at a higher cost and will also sell faster due to the upgrades.
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