Exterior home improvements are considered among the most valuable

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Real Estate Agent with Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434

Exterior home improvements are considered among the most valuable

 Home Improve

According to Remodeling magazine’s 2013 “Cost vs. Value Report,” Realtors consider exterior home improvement projects among the most valuable. In fact, a majority of the Top 10 projects in terms of value recouped at resale are exterior replacement projects. This makes sense given the importance of curb appeal in attracting homebuyers.

 

Based on interviews with real estate professionals throughout the country, the Remodeling report found that the top project is steel entry door replacement, which typically recoups 85.6 percent of costs. Making this project an even better investment is that it is also the least expensive to complete. In addition, three different siding replacement projects and two other door replacements were among the Top 10.

 

When it came to improvements to a home’s interior, there were two projects ranked in the Top 10. Ranked fifth, a minor kitchen remodel is expected to return 75.4 percent of costs, while adding an attic bedroom and bathroom came in tied for eighth with 72.9 percent of costs recouped.

The right remodeling project, when done well, also has the potential to make for a quicker sale and reduce negotiations with buyers over perceived shortcomings.

 

Click here to access the “Cost vs. Value” website, where you can download data for all regions of the country.

Posted by

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Barbara Michaluk, Realtor

Phone 240-506-2434

Email: michaluk@verizon.net  /  Web: BarbaraSellsMDhomes.com

Authorized Leisure World Specialist / Senior Real Estate Specialist /
Internet Marketing Specialist / Certified E-Pro / Certified Staging Agent

Weichert Realtors / 3816 International Dr / Silver Spring, MD 20906

Authorized Leisure World Specialist     Barbara Michaluk Graduate Internet Marketing Specialist Barbara Michaluk Senior Real Estate Specialist   

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Rainer
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Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

Superb blog & right to the point. Thanks, Jim

Feb 18, 2013 01:41 AM #1
Rainmaker
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Captain Wayne - Rowlett Real Estate School
REcampus Fully Accredited Florida ONLINE & Classroom Training in Destin, Pensacola Florida - Panama City Beach, FL
Rowlett Real Estate School / Owner and Instructor

Buyers see the exterior first and usually make a mental decision whether they want to see the inside.

Feb 18, 2013 01:46 AM #2
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Rainmaker
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Barbara Michaluk

Top Producing / Full Service REALTOR in Marylan
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