REALTORS® in the South Atlantic Market, including North Carolina, South Carolina, Georgia and Florida agree that the number one ranked Cost vs. Value project for 2009-2010 is replacing the front door!
This top ranked project also happens to be the least expensive improvement on a list of 33 possibilities... With an average Job Cost of $1,065 and the Value at Sale is estimated to be $1,562.
Since the peak year of 2005, exterior replacement projects have migrated to the top of the rankings and in a highly competitive market, where supply exceeds demand, it is wise to note that many prospective buyers won't even bother to view a property with a less then attractive exterior.
Next to pricing, the importance of correctly identifying what buyers want and responding accordingly is crucial to successfully selling a property.
We're pleased to provide the Top 10 Value-Yielding Home Improvement Projects for your consideration...
|
PROJECT |
AVG COST |
ROI |
|
Front Door Replacement |
$1,065 |
146.8 % |
|
Attic Bedroom Remodel |
$43,540 |
90.0 % |
|
Basement Remodel |
$55,337 |
84.4 % |
|
Siding Replacement |
$9,562 |
80.5 % |
|
Deck Addition |
$9,505 |
79.8 % |
|
Window Replacement - Wood |
$10,627 |
78.4 % |
|
Kitchen Remodel - Minor |
$20,504 |
77.7 % |
|
Window Replacement - Vinyl |
$9,705 |
76.4 % |
|
Kitchen Remodel – Major |
$53,900 |
74.6 % |
|
Two Story Addition |
$140,210 |
73.4 % |
To download data for 33 Projects and 80 cities go to www.costvsvalue.com. Each PDF download contains side-by-side national, regional and city data tables, plus full project descriptions.
Thank you for your interest and the privilege of serving you!
With our highest regard,
Wayne and Lynda Gomillion
Trusted Names in Real Estate
"The friendship and referrals of those we serve is the foundation of our success."
Member of the Real Estate Intelligence Network
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