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Getting the Most Bang for Your Buck – Remodeling Your Germantown Home

By Mary and Al Cardany

Real Estate Sales Representative with Re/Max Town Center

August 10, 2010 04:23 AM

We’ve all seen the HGTV show Most Bang for your Buck and have wondered if its really accurate. Well, the answer is: sometimes, mostly, not always; what do you think?! The reason I say this is that every homeowner puts their own value on a remodel project. If the homeowner is adding a balcony to his daughter’s window because the daughter likes to pretend she’s Juliet, then the payback may be more emotional than financial. But that doesn’t mean that the homeowner shouldn’t do it! If you are thinking about making improvements to your home to increase its livability for your family and you plan on staying the home for 5-10 years, then go ahead. But if your home plans are short term and you’re hoping to get a financial return on your investment, then follow the below guidelines as stated by Better Home and Gardens via Realtor.com.

BHG stated that the below statistics are about 10 years old, but that they may still give you an idea of what your return on investment may be for some of the most popular remodeling projects.

Minor kitchen remodeling: 94% return
Bathroom addition: 89% return
Major kitchen remodeling: 87% return
Family room addition: 84% return
Two-story addition: 84% return
Attic bedroom conversion: 83% return
Master suite addition: 82% return
Bathroom remodeling: 73% return
Siding replacement: 71% return
Deck addition: 70% return
Whole-house window replacement: 68% return
Home office addition: 64% return