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Remodeling Projects: Evualuating Your Cost vs Value
Home renovations can be tricky. You want to improve your space (and the way you live in it). But you don't want to end up in the red when it comes time to sell. Before you splurge on that chef's kitchen or a steam shower in your bath, make sure your projects enhance your home in the eyes of future buyers as well. Over spending on some projects can be devastating when you get that new job offer, and need to quickly place your home on the market before relocating.
Here are few improvements that Remodeling magazine says will return the most on your renovation dollars. (The examples below reflect 2014 numbers.)
Under $5,000: Functional, secure and energy-efficient entries are chief priorities in this price range. Your best bet is replacing your front door with a sturdy steel unit. Finish it with an antique brass lock-set, and you can expect to recoup 96.6 percent of your investment. A garage door replacement offers an equally respectable 82.9 percent return.
Between $5,000 and $25,000: A wooden deck is tops for a mid-range budget, recouping 87.4 percent of the $10,000 you can expect to spend. A minor kitchen remodel also fares well: ... more
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