ROI: Where to Spend Your Money

March 2024 ยท Investment Strategy

If you're renovating to sell, you need to think like an investor. Every dollar spent should work to increase your appraisal value. Based on 2023-2024 real estate data in Allentown, here are the top projects for Return on Investment (ROI).

HVAC Conversion (Gas/Elec) 103% Recouped
Garage Door Replacement 102% Recouped
Manufactured Stone Veneer 95% Recouped
Minor Kitchen Remodel 85% Recouped
Mid-Range Bathroom 70% Recouped

Why "Boring" Wins

You'll notice the top items aren't very exciting. Garage doors and stone veneer drastically improve curb appeal, while HVAC updates assure buyers they won't have a major expense immediately after moving in.

The Kitchen Sweet Spot

A minor kitchen remodel (refacing, new appliances) returns far more than a luxury gut job. Buyers want a kitchen that looks updated and functional; they rarely pay dollar-for-dollar for professional-grade ranges or custom organizational systems.