Remodeling: What Gets the Best Bang for Your Buck?

Real Estate Agent with Atlantic Wave Services

Thinking of remodeling or upgrading before you sell but you’re not sure where to start? You’re in luck. The results are in for Remodeling Magazine’s annual Cost vs. Value report, which is produced in cooperation with Realtor® magazine. This year’s big winners are decks, kitchens & baths (big surprise), and vinyl siding.

If you add a wooden deck, you’ll recoup 81.8% of the cost when you resell, and a composite deck will get you 73.7%.

Kitchens and baths are perennial winners. The 2008 average for a minor kitchen upgrade was $21,246, with $16,881 recouped at resale, or 79.5%. Not too shabby. And ditching that pink and black tile in the bathroom will return 74.6%.

Vinyl siding replacement was another big winner in the report. The average cost in ’08 for the job was $10,256. You’ll recoup 80.7% of the cost at resale, or $8,274. And getting rid of those old, drafty windows and replacing them with low-maintenance vinyl windows will not only cut down on your heating and cooling costs, but you’ll recoup 77.2% of the cost at resale. Sweet.

Just one more thing: Before you start any of the work, check references and make sure your contractor is licensed! Thanks for stopping by, and tune in next week for more information you just can’t live without. Have a great week!


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Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY

Hi Tim;

Great post and I thank you for sharing. Happy Holiday!

Dec 23, 2008 10:42 PM #1
Janice Roosevelt
Keller Williams Brandywine Valley - West Chester, PA
OICP ABR, ePRO,Ecobroker

Tiny, I always look forward to the Cost Vs. Value report and refer to it often throughout the year as I talk to people. Hope you have a very prosperous New Year!

Dec 26, 2008 07:45 AM #2
Vincent Tedeschi
Weichert,Realtors - Long Valley, NJ

You would be amazed at how few people check references. I also drive by active work sites to look at the organization of the job. Great selling this year to all.


Dec 26, 2008 04:03 PM #3
Louise Henry
Pair Home Design serving Langley, Fraser Valley, Abbotsford, Chilliwack British Columbia - Chilliwack, BC
Home Stager Pair Home Design Chilliwack

Hi Tiny

This makes for an interesting read, I wonder what the return would be on Painting, its supposed to have a very high return in the 90% range I would suspect that is as long ias its a good paint job

happy holidays


Dec 31, 2008 04:20 PM #4
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Tiny Varner

Christine "Tiny" Varner
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