Which remodeling projects offer the best return on your investment? According to the Remodeling Cost vs Value 2009-10 Report, its Survey Says...replacing your front entry door! For a cost of approximately $1300 (mid-range, steel door), you recoup a whopping 128% of your investment!
The report includes 33 remodeling projects and breaks it down into Cost, Resale Value and Cost Recouped. The report also breaks it down into nine Regional Averages among the 80 metropolitan areas surveyed.
For the Pacific Region, the majority of the Top 10 projects with the greatest return on your investment fell into the Exterior and Energy Saving categories. Also, the majority of the 10 remodeling projects with the best return on investment nationally involved home maintenance items that cost less than $14,000.
Upgrading kitchens and baths are still a smart bet. However, home owners will recoup the greatest share of their costs by foregoing super-deluxe projects in favor of mid-range kitchen and bath remodels.
To view the whole survey, go to Remodeling Magazine. If you're thinking of starting a remodeling or addition project in the Walnut Creek, Lafayette, Concord, Alamo or surrounding areas, give me a call and I'll be glad to share licensed contractor referrals with you. Before hiring a contractor for a major project, always check to see if they are licensed and in good standing. To check this, go to California's Contractors State License Board.
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