ROI IS KING
Every smart homeowner knows that major—or even
minor—remodeling projects should be undertaken with one eye on design and the
other on the ROI. You want to be comfortable with whatever return on investment
you receive for upgrading your home because, unfortunately, many upgrades won’t
entirely recoup their cost upon sale. But the use you get out of the home with
the upgrade might still make the construction worthwhile, regardless of the
ultimate selling price. Here’s the top 10 remodeling projects that provide the
best return on investment nationally.
|
RANKING
|
PROJECT
|
COST RECOUPED
|
AVERAGE JOB COST
|
RESALE VALUE
|
|
10
|
Add a family room
|
69.3 percent
|
$89,566
|
$62,055
|
|
9
|
Finish
the basement (cost estimate includes bar area, main room and bathroom)
|
70 percent
|
$71,115
|
$49,768
|
|
8
|
Add
a two-story addition (cost estimate includes adding a family room, bedroom
and bathroom)
|
71.1 percent
|
$176,108
|
$125,222
|
|
7
|
Add a wood
deck (cost estimate includes built-in bench and planter)
|
71.5 percent
|
$10,707
|
$7,652
|
|
6
|
Replace the siding
|
76.4 percent
|
$14,518
|
$11,093
|
|
5
|
Replace the garage door
|
76.9 percent
|
$1,749
|
$1,345
|
|
4
|
Complete a minor kitchen remodel (cost estimate includes new cabinet fronts
and hardware, new energy-efficient appliances, laminate countertops, mid-priced sink
and faucet, dingy
floor replacement and wall paint)
|
80.2 percent
|
$20,830
|
$16,699
|
|
3
|
Install
a manufactured stone veneer (instead of vinyl siding)
|
89.4 percent
|
$7,851
|
$7,019
|
|
2
|
Replace your entry door with a steel door
|
90.7 percent
|
$1,413
|
$1,282
|
|
1
|
Add fiberglass attic insulation
|
107.7 percent
|
$1,343
|
$1,446
|
Buying or selling a home can seem like an overwhelming task. But the
right REАLTOR® can make the process easier — and more profitable.
А Certified Residential Specialist (CRS), with years of experience and success, will help you make smart decisions in a fast-paced, complex and competitive marketplace.
Vikki Crossland or Brandi Cook of Meybohm Realtors are your local
Certified Residential Specialists (CRS). Info@AikenHOMES.com or 803-702-4090
