What Is ROI Return On Investment Explained
What Is ROI? Return on Investment, Explained
By Jamie Wiebe|Oct 25, 2016
If you’re thinking of making some home improvements, you will want to understand a concept called ROI. What is ROI? It stands for return on investment—how much money you stand to get back on any particular renovation whenever you decide to sell your home.
We’re not saying you shouldn’t renovate for other reasons, of course—like the sheer enjoyment you’d get out of new soapstone countertops or the addition of a half bath near your home office. But it turns out that certain upgrades aren’t just highly valued by you, but by many other people who might pay a premium for them if you decide to put your house on the market. In other words, a lot of that money you poured into renovations could come right back atcha! Read on to learn exactly how much.
Frank Provencal has over 20 years of combined public service with the Maine Department of Corrections and the U.S. Army. He brings to eXp Realty the same level of confidence, dedication and attention ....