GET THE MOST FOR YOUR MONEY

It can be tricky and sometimes expensive making the most of your home improvement investments. Potential sellers will often ask their real estate professional to price homes higher than market value based on the improvements made to the home. As a real estate professional, it is our job to help sellers see that not all improvements are the same in terms of reaping a return. In the eyes of prospective buyers, the value of certain upgrades can be all a matter of taste. Every year, we review the Remodeling Magazine to determine the best renovations for the money, and every year there are some true favorites and sometimes a few surprises. 

Steel Entry Door Replacement      Garage Door Replacement 

Job Cost: $1,137                             Job Cost: $1,496

Resale Value: $974                          Resale Value: $1,132

Cost Recouped: 85.6%                    Cost Recouped: 75.7%

Wooden Window Replacement     Vinyl Siding 

Job Cost: $10,708                           Job Cost: $11,192

Resale Value: $7,852                       Resale Value: $8,154

Cost Recouped: 73.3%                     Cost Recouped: 70.3% 

Wood Deck Addition                      Minor Kitchen Remodel 

Job Cost: $9,327                             Job Cost: $18,527

Resale Value: $7,213                       Resale Value: $13,977

Cost Recouped: 77.3%                     Cost Recouped: 75.4%

Major Kitchen Remodel          Attic Bedroom Remodel

Job Cost: $53,931                           Job Cost: $47,919

Resale Value: $37,139                     Resale Value: $34,916 

Cost Recouped: 68.9%                    Cost Recouped: 72.9% 

Vinyl Window Replacement          Basement Remodel

Job Cost: $9,770                             Job Cost: $61,303

Resale Value: $6,961                       Resale Value: $43,095

Cost Recouped: 71.2%                    Cost Occupied: 70.3%

These project values are based on a national average. What's interesting to see is how home inprovement values break down even further on a regional level.

To learn more about how to get the most from your home investment call us today!