What Will My ROI Be?

Have you made upgrades to your home, and now you’re wondering what kind of return of investment you’ll receive? Let’s talk about it!

As a Realtor, when I do a comparative market analysis (CMA), I take into account current market trends, your neighborhood specifically, and the condition of your home. There are general best practices that align with how appraisers find value, so I incorporate these when doing a CMA.

The first thing I’ll ask before starting your CMA is what updates/renovations you have done to your property. These are extremely important to factor in when finding the value of your home.

Here is the estimated value adjustments I typically use for Fayette County, GA

Actual market value may vary based on exact location, condition, and buyer demand.

Interior Upgrades

• Minor Kitchen Updates: $5,000-$10,000

• Full Kitchen Updates: $20,000-$50,000+

• Minor Bathroom Updates: $2,000-$5,000

• Full Bathroom Updates: $7,000-$15,000

• Interior Paint Whole House: $2,000-$4,000

• New flooring (Laminate/Vinyl): $3-$5 per sq ft

• New flooring (Hardwood): $2-$4 per sq ft

Major Systems

• New Roof: $8,000-$15,000

• New HVAC System: $5,000-$10,000

• New Windows (Whole House): $8,000-$15,000

• Upgraded Electrical/Plumbing: $3,000-$10,000

Exterior & Lot

• Fenced Yard: $2,000-$6,000

• In-Ground Pool: $10,000-$30,000

• Screened-In Porch or Sunroom: $5,000-$15,000

• Deck/Patio: $3,000-$10,000

• Landscaping (Major): $3,000-$7,000

Garage & Basement

• 1-2 Car Garage vs None: $10,000-$20,000

• Finished Basement: $30-$50 per sq ft

• Walkout Basement: $5,000-$15,000