What kind of return can you expect from home improvements?

By
Real Estate Broker/Owner with Corcoran Legends Realty NYS# 10491202097

This will very much vary depending on the type of work that is done.

Remodeling magazine publishes an annual "Cost vs. Value Report" that can answer this question in more detail, based on the top 15 home improvements. In a recent study it conducted it says the highest remodeling paybacks have come from mid- to high-end siding and window replacements, hardwood and natural stone flooring upgrades, major kitchen and bathroom remodeling, bathroom and family room additions, and mid-range master bedroom suites. 

An important point to remember is that remodeling not only improves a home's livability, it also enhances its curb appeal with future buyers.

 

Posted by

Westchester County - Phyllis Lerner, Realtor

 



Phyllis Lerner, Realtor - Broker/Co-Owner

Westchester County NY - Real Estate Listings, Sales, Rentals & Services
914-438-7556

Voted 2010 through 2019 FIVE STAR Real Estate Agent by Westchester Magazine

(Disclaimer: Any and all grammar, punctuation and spelling mistakes located within my blogs, web sites and any other content, are purely for your amusement and entertainment.) 

Comments (4)

Marcia Kramarz
Re/Max Executive Realty - Medway, MA
CDPE,LMC,CBR

Sometimes it's not about how much sellers can recoup from their upgrades but how quickly they can sell once done -  If the goal is to sell -

Oct 27, 2010 02:07 PM
Phyllis Lerner call 914.438.7556
Corcoran Legends Realty - Tarrytown, NY
Corcoran Legends Realty

Marcia ...absolutely correct... if a home shows great, offers useful and beautiful upgrades and extras, it usually sells much faster, gets better (and at times even multiple) offers...

Oct 27, 2010 02:11 PM
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Phyllis, I agree an upgraded home usually sells faster as it shows well... Most women check out the ktichen first as it is the most expensive area to renovate.. that and bathrooms and windows.

Oct 27, 2010 02:22 PM
Phyllis Lerner call 914.438.7556
Corcoran Legends Realty - Tarrytown, NY
Corcoran Legends Realty

Gloria... I see potential buyers every day over estimating the cost of a kitchen remodel... which in many cases makes them shy away from an otherwise perfect home... the best weapons are beautiful, pristine and functional kitchens and/or bathrooms when you want to sell fast and more money...

Oct 27, 2010 02:29 PM

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