How to Maximize ROI with Property Renovations

How to Maximize ROI with Property Renovations

Renovating your property can be a fantastic way to increase its value, but not all home improvements offer the same return on investment (ROI). Knowing which renovations deliver the best results can help you make informed decisions that maximize your profits, especially if you're planning to sell or rent out your property. Here are some of the top renovations that provide the highest ROI, along with average costs and market value increases: Kitchen Remodel A kitchen is often considered the heart of the home, making it one of the most valuable spaces to upgrade. Average cost: $15k–$40k Potential ROI: 60%–80%…
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Which Home Improvements Add to Your Cost Basis?

Knowing how to calculate your cost basis can save you money on real estate taxes.  Real Estate Investor Tip: When you sell a property at a profit, you have to pay capital gains taxes on the sale. However, your capital gain isn’t the difference between the price you paid for the property and the price you sell it for. There are several other expenses that add to your cost basis. Knowing what expenses can and cannot be added to your cost basis helps you accurately calculate your capital gain on a real estate sale. This can save you significant money…
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