Should I put in granite counter tops?
How about new hardwood floors?
Should I turn my deck into a three season porch?
How about adding a garage onto my house?
At some point, each homeowner will debate whether they should or should not update certain aspects of their home. My advise to each homeowner can be broken down in three ways:
1. Will you enjoy the remodel while you live their?
2. Will the remodel be the difference between someone buying your house or your competitions?
3. Do you really need it?
Here are three good examples of what an average remodel will cost and the return you should expect:
1. Adding a sunroom addition will cost on average $71,064 and a resale value of about $41,289, roughly a 58% investment.
2. A garage addition will cost you $55,598 with a resale value of $37,067 and a 66.7% investment.
3. A minor kitchen repair will cost you $21,516 with a resale value of $18,507 and a 86% investment.
Part of my pledge in 2009 is to better educated people on home remodels and I do offer a free analysis of your home remodel prior to starting a new project. Each home remodel does vary dramatically as location, neighbors, recent sales, and current market listings do make a tremendous difference. Please call me or email me for a no obligation remodel analysis:
Nick Riina
Nick@VermontInvestments.com
802.846.9559
www.VermontInvestments.com
Andrew Lowell Broker - Granite Bay, CA
Consulting Broker for 32 years
Very nice blog. good luck with your business in the coming year.
Kind regards,
Andrew Lowell
Dec 04, 2008 05:51 AM
Anonymous
Nick, your idea to provide a remodel analysis is a great idea. We always recommend that homeowners use our remodel cost calculator at www.remodelestimates.com first to get a rough idea of the cost to remodel a kitchen or add a bathroom and other common remodeling projects and to clarify their ideas then talk with a real estate agent to confirm there cost and appreciation estimates.
Maybe there is a way we can work together to send visitors to our websites from vermont to you for your remodel analysis service..Please let us know.
Thanks
Dec 04, 2008 04:37 PM
#2
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