Archive for August, 2014

Remodeling Projects That Are Worth the Money

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Spring and summer are the busiest times for home buying and selling.  But the market can be flooded with inventory making it hard for your home to stand out—so a little sprucing up can help.  But whenever we think of remodeling one of the first questions we ask is “Will it be worth it?”  Often […]

Spring and summer are the busiest times for home buying and selling.  But the market can be flooded with inventory making it hard for your home to stand out—so a little sprucing up can help.  But whenever we think of remodeling one of the first questions we ask is “Will it be worth it?”  Often the answer is “No, not really.”  However, some improvements are worth it, and here are five from Remolding Magazine’s 2014 Cost vs Value Report.

New Front Door      Every potential buyer sees the front door when viewing your home, so it’s no surprise that replacing it offers the biggest bang for the buck.  The average cost is $1,295 and returns a whopping 113 percent.

Wood Deck       A wooden deck delights buyers with options for relaxing and entertaining outdoors.  A deck project averages $11,554 on the west coast and returns 109 percent of your investment.

New Windows      When it comes to replacing windows, it doesn’t matter whether you choose vinyl or wood, both are great investments.  Vinyl windows cost about $11,220 and returns 100 percent while wooden ones cost about $12,294 and return 102 percent.

Updated Kitchen      An updated kitchen is often a home’s top selling point.  And a minor kitchen remodel — new cabinet doors and hardware, appliances, counter tops, sink, faucet, paint and flooring — averages $21,554 and returns 104 percent.

Attic Bedroom     Renovations within the existing envelope of your home are often cheaper to do and return more value than adding rooms onto the periphery because they don’t require expanding the roof and foundation.  And an attic bedroom fits the bill perfectly.  It costs $58,550 and returns 102 percent.

So, when sprucing up your home for sale, do consider some of these improvements for a great return on your investment.

Source:             

Remodeling Magazine  “2014 Cost vs Value Report”