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While you probably won’t get 100% return on your investment for renovations, they’ll likely affect how much your house is worth. The National Association of Realtors tracks average return on investment for certain home improvements, so they can be a great source for determining how much your home is worth after you’ve done them.
How to Calculate the Future Value of Real Estate Investments – The point is that estimating the future value of a real estate investment can be a useful part of determining your profit potential, but by no means should you expect the property to be worth.
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Whether you’re determining how much house you can afford, estimating your monthly payment with our mortgage calculator, or looking to prequalify for a mortgage, we can help you at any part of the home buying process. See our current mortgage rates.