Remodeling Cost vs. Value Report, www.costvsvalue.com, produced by Remodeling magazine in cooperation with the National Association of REALTORS® and REALTOR® Magazine, provides estimated costs for 36 midrange or upscale home-improvement projects, along with the percentage of cost that owners can expect to recoup when they sell.
Projects range from a new garage door to a master suite addition. As existing-home sales and home prices nationwide make remarkable strides upward, remodeling projects are also continuing to make a comeback in a big way.
As the 2015 Remodeling Cost vs. Value Report makes clear, large-scale jobs are not likely to return sellers their full cost. But there are improvements worth doing in anticipation of an upcoming sale. Some will return almost 100 percent of their cost.
Others may not have as great a payback, but they can improve the market position of the property in relation to the competition. (Think about the impact of beautiful kitchen photos on online home shoppers.) In addition, several pricier projects can provide owners with a few years of enjoyment while still offering a decent payback down the road.
Top 5 projects nationally in terms of cost recouped:
- Entry door replacement (101.8%)
- Manufactured stone veneer (92.2%)
- Garage door replacement (88.5%)
- Siding replacement, fiber cement (84.3%)
- Garage door replacement (82.5%)
Click to learn more. See all 36 projects broken down for the Seattle area http:// www.remodeling.hw.net/cost-vs-value/2015/pacific/seattle-wa/., or download the entire free report below.
And when you are finished with that great remodel and want to sell, let me know!
“© 2015 Hanley Wood, LLC. Complete data from the Remodeling 2015 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.”