HOME REMODELING PROJECTS THAT YIELD THE HIGHEST RETURN

Reblogger Charles Stallions
Real Estate Broker/Owner with Charles Stallions Real Estate Services

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Original content by Stacy Ann Stephens REB0790003

Remodeling Projects With The Most Pay Back 

 

Thinking of selling your home and wondering what updates would produce the highest rate of return on your investment?

 

According to Remodeling Magazine 2014 Cost vs Value Report here are the top 5 renovations/remodeling that can put money in your pocket when you sell.

The top remodels in both mid-range and upscale are exterior; which solidify the importance of curb appeal in selling a home.

 

Entry Door Replacement (Steel) – Mid-range:   Replacing your entry door with 20-

gauge steel unit will net homeowners the highest return in a mid-range remodeling. With an average cost of $1,162, a steel door will recoup 96.6 percent of the remodeling cost at resale.

 

Siding Replacement (Fiber-Cement) – Upscale:   Assuming you already have a steel entry door. A new fiber-cement siding, factory primed and factory painted on an upscale remodeling will yield the highest return. This siding averages $13,378 but will recoup 87.0 percent of the remodeling cost at resale.

 

 

Check out the other remodels on the list….

Top 10 Midrange Projects

1. Entry Door Replacement (steel)
Job Cost: $1,162
Resale Value: $1,122
Cost Recouped: 96.6%

2. Deck Addition (wood)
Job Cost: $9,539
Resale Value: $8,334
Cost Recouped: 87.4%

3. Attic Bedroom
Job Cost: $49,438
Resale Value: $41,656
Cost Recouped: 84.3%

4. Garage Door Replacement
Job Cost: $1,534
Resale Value: $1,283
Cost Recouped: 83.7%

5. Minor Kitchen Remodel
Job Cost: $18,856
Resale Value: $15,585
Cost Recouped: 82.7%

Top 10 Upscale Projects

1. Siding Replacement (fiber-cement)
Job Cost: $13,378
Resale Value: $11,645
Cost Recouped: 87.0%

2. Garage Door Replacement
Job Cost: $2,791
Resale Value: $2,315
Cost Recouped: 82.9%

3. Siding Replacement (foam-backed vinyl)
Job Cost: $14,236
Resale Value: $11,124
Cost Recouped: 78.1%

4. Window Replacement (vinyl)
Job Cost: $13,385
Resale Value: $10,252
Cost Recouped: 76.6%

5. Window Replacement (wood)
Job Cost: $16,798
Resale Value: $12,438
Cost Recouped: 74.0%

 


Region Trends

 Cost vs valueThis report looks at region and city remodeling trends and cost. It is interesting to see how cost and value varies from one region to the next.  Check out where remodeling dollars go the furthest in your region

 

 

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     CT Real Estate Agent - Stacy Ann Stephens

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Rainmaker
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Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

The top remodels in both mid-range and upscale are exterior; which solidify the importance of curb appeal in selling a home.

Jun 11, 2017 02:36 PM #1
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