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Aug 20
12m 36s

Home Improvement ROI: What’s Your Money ...

Eric Goranson
About this episode

Get ready, listeners, because we’re diving headfirst into the nitty-gritty of home investments in this mid-week update with Eric G. If you’ve ever wondered what renovations are worth the hype and which ones are just a money pit waiting to happen, you’re in for a treat. Eric’s got the lowdown on what projects actually pay off when it’s time to sell. It's like a crash course in flipping your home without flipping out!

Eric kicks things off with a candid update on his own home selling journey, which is basically a real-life episode of “Extreme Makeover: Home Edition.” As he preps his house for the market, he shares the juicy tidbits of what renovations have been the most bang for his buck. Hint: it’s not what you think! Who knew that replacing your garage door could yield a staggering return of 194%? Talk about a home improvement hack!

But hold on to your tool belts, because not all projects are created equal. Eric pulls back the curtain on the renovations that will have you crying over your bank statements. He candidly discusses the most lackluster investments, like primary suite additions that barely recoup 24% of the costs. Ouch! This is the real talk you didn’t know you needed, and it’s packed with insights that could save you thousands.

So, if you’re contemplating a home makeover or just want to feel better about your DIY choices, this episode is your roadmap to success. Eric’s witty banter and expert advice make this a must-listen, ensuring you’ll be armed with the knowledge to make savvy moves in the world of home improvement.

Join me, Eric G, as I unravel the perplexing puzzle of home improvement investments. This episode is all about the cold, hard facts and figures that will help you make sense of where to pour your hard-earned cash when it comes to renovations. Trust me, there’s nothing worse than investing in a project that sounds fabulous but ends up being a financial black hole.

I get it; you want to enhance your home’s value, but which projects actually deliver returns? Is it that gourmet kitchen you’ve been dreaming of, or is it more about curb appeal with a snazzy garage door? Spoiler alert: it’s the garage door. I spill the beans on the renovations that will have your neighbors green with envy AND fatten your wallet when it’s time to sell.

Throughout this episode, I share personal anecdotes from my own journey of readying my home for sale. From packing up my life to swinging hammers, I paint a vivid picture of the hustle behind getting a house market-ready. Along the way, I dissect the numbers behind various projects to help you identify which ones are worth your time and investment. You’ll learn about the surprising ROI on manufactured stone veneer, the mediocre returns on upscale kitchen remodels, and why you might want to rethink that extravagant primary suite addition. It’s time to get real about home renovations, folks!

Takeaways:

  • When it comes to home improvements, some projects can actually make you money back, like replacing your garage door for a whopping 194% ROI, because who doesn't want a shiny new door?
  • Entry door replacements might sound boring, but with a 188% return on investment, they’re basically the cool kids of home upgrades—don't underestimate their power!
  • If you're thinking of selling, remember that not all upgrades are created equal; some fancy additions might only return 24%, which is basically throwing cash out the window!
  • Always consider your competition when selling your home; if the neighbors have brand new everything, you might need to step up your game—or just lower your expectations and price.

Companies mentioned in this episode:

  • Monument Grills
  • Clopay
  • Zillow


To get your questions answered by Eric G give us a call in the studio at 833-239-4144 24/7 and Eric G will get back to you and answer your question and...

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