Understanding ROI on Home Renovations Before embarking on any renovation project, it is essential to understand the concept of Return on Investment (ROI) within the context of home improvements. ROI is the ratio of the net profit gained from an investment compared to the cost of the investment. In terms of home renovations, it represents how much value the renovations add to your property compared to the expenditure incurred in undertaking those improvements. Not all home renovations impact property value equally. For instance, kitchen upgrades are among the renovations known to offer high ROI. Modernizing kitchen appliances, updating countertops, or… Continue Reading