I love helping my clients buy and sell their home. But what really gets my blood pumping is home renovation. I truly enjoy seeing a home before and after a client puts their touches into their space. However, home renovation is costly and sometimes it doesn’t add up. Please enjoy this article about which home projects get the most bang for your buck! Let me know what you think!
Home owners are investing in their homes once again, according to recent industry surveys that point to a strong rebound taking hold in home remodeling. Home owners also may be seeing higher gains from some of these remodeling projects at resale, according to the most recent Cost vs. Value Report, which reviews the top remodeling projects that offer the highest returns at resale. The Cost vs. Value Report is conducted each year by Remodeling Magazine, in conjunction with REALTOR(R) Magazine.
So, which remodeling projects offer the potential for some of the biggest pay-backs at resale? The following mid-range remodeling jobs offer the highest returns, according to the 2013 Cost vs. Value Report.
1. Entry door replacement (steel)
Estimated job cost: $1,137
Return on investment at resale: 85.6%
2. Deck addition (wood)
Job cost: $9,327
3. Garage door replacement
Job cost: $1,496
4. Minor kitchen remodel
Job cost: $18,527
5. Window replacement (wood)
Job cost: $10,708
6. Attic bedroom
Job cost: $47,919
7. Siding replacement (vinyl)
Job cost: $11,192
8. Window replacement (vinyl)
Job cost: $9,770
9. Basement remodel
Job cost: $61,303
10. Major kitchen remodel
Job cost: $53,931
By Melissa Dittmann Tracey, REALTOR(R) Magazine
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