Which remodel projects will give you the most ?bang? for your buck?
Many U.S. home-owners will take on home remodeling projects this year. From spicing up the kitchen to creating a bathroom that feels more like a spa, upgrades to your most valuable asset can pay off handsomely. With remodels, there is more at stake than improved livability; you could be adding thousands of dollars of value to your home. When done right, much of the money you put into a remodel may return to you when you sell your home.
Some remodels will reap greater benefit than others. According to Remodel Magazine?s?2011-2012 report, adding a bathroom will net you 51% of your original investment at the time of sale while adding a wood deck will recoup 70%.
Other popular remodels include:
? Major kitchen remodel: 66%
? Minor kitchen remodel: 72%
? Bathroom remodel: 62%
? Roofing replacement: 58%
? Vinyl siding replacement: 70%
? Family room addition: 60%
? Attic bedroom remodel: 73%
? Basement Remodel: 67%
? Garage addition: 57%
? Garage Door Replacement: 72%
? Vinyl window replacement: 68%
? Two-Story Addition: 62%
Of course, when it comes to considering a remodel, the most important factor for a homeowner to consider is the added enjoyment and/or functionality of the?finished project. So while a?family room?addition may?not give?you the?highest cost?return, it may be a very worthy project for your family?s lifestyle!
For more information about projected returns on investment for other home improvement projects in the Seattle area or any other information on remodeling, visit Remodeling Magazine.
If you need the name of a reputable contractor to help with your home improvement project, please let me know ? I know several that I would happily recommend.
Homeowners, Investment Property, Real Estate Tips from Emily, Sellers
Source: http://www.emilymorrisongriffin.com/2012/03/13/home-improvement-projects-that-pay/
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