By Melissa Dittmann Tracey, REALTOR® Magazine
When tackling home remodeling projects, you’ll find some projects pay off more than others at times of resale. Remodeling Magazine, in conjunction with REALTOR® Magazine, recently released findings of its annual Cost vs. Value report for 2011-2012, revealing which remodeling projects offer the biggest bang for your buck. Remodeling your home can include getting a new floor, or new furniture, but don’t forget to give maintenance to your windows too, there are some window cleaning services that will help you with this, like https://evergreencleans.com/. Before you start any major renovation, you should also think of some basic things like pest control. Check out SupremePestExterminator.com – White Horse Pest Management of Phoenix and make sure you have it all covered.
Overall, the trend right now is replacement over remodeling–swapping out the old for the new rather than doing a total gut job, which can be much more costly. But if you were to find the #1 Roofing Contractors in Bronx NY | Siding & Roofers and were to demand a quote, you’d get the job done at a reasonable price.
This year’s Cost vs. Value report found that exterior replacement projects–such as a Garage Door Repair and a new entry door–offer some of the best returns at resale, allowing home owners to recoup close to 70 percent or more of the costs of the project at times of resale.
The following are the top, mid-range projects from this year’s report, based on what home owners stand to recoup at time of resale:
1. Replacing the entry door to steel
Estimated cost: $1,238
Cost recouped at resale: 73%
2. Attic bedroom (converting unfinished attic space into a bedroom with bathroom and shower)
Estimated cost: $50,148
Cost recouped at resale: 72.5%
3. Minor kitchen remodel (including new cabinets and drawers, countertops, hardware, and appliances)
Estimated cost: $19,588
Cost recouped at resale: 72.1%
4. Garage door replacement
Estimated cost: $1,512
Cost recouped at resale: 71.9%
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5. Deck addition (wood)
Estimated cost: $10,350
Cost recouped at resale: 70.1%
6. Siding replacement (vinyl)
Estimated cost: $11,729
Cost recouped at resale: 69.5%