New roof has greatest home remodeling value

According to Realtormag.org, a new roof has the greatest remodeling value.

See full story: 2015 cost recovery

The two main reasons home owners remodel are to increase the home’s value and for greater enjoyment of the home with little overlap between these two goals.

Several interior and exterior projects were examined. Interior projects examined in the study include: master suite, kitchen upgrade, bathroom renovation, basement conversion to living space, insulation upgrade, closet renovation, new wood flooring, HVAC replacement.

The top five interior improvements that appeal to buyers and likely to have most recovery cost at the sale are:

  • kitchen upgrade 67%
  • complete kitchen renovation 67%
  • bathroom renovation 58%
  • new wood flooring 91%
  • add new bathroom 52%

The top five exterior improvements with the greatest remodeling value:

  • new roofing 105%
  • new vinyl windows 80%
  • new garage door 87%
  • new vinyl siding 83%
  • new wood windows 58%

2015_remodeling_report_all_proj

 

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About Jean

Jean Hedren, Your Northwest Wisconsin Realtor. Specializing in up-north lake homes, cabins, and waterfront real estate. Serving the real estate needs of northern Wisconsin buyers and sellers in Barnes, Solon Springs, Lake Nebagamon, Gordon, Wascott, Minong, Trego, Spooner, Hayward, Webb Lake, and beyond. I’ll be glad to help you find the lake place that’s right for you; some of my favorite NW WI lakes include the Eau Claire Chain of Lakes, Nelson Lake, Lake Minnesuing, Lake Nebagamon, Upper Saint Croix Lake, Whitefish Lake, the Minong Flowage, Gilmore Lake, Kimball Lake, Nancy Lake, Bond Lake, Leader Lake, Big Bass Lake, the McKenzie Lakes, Horseshoe Lake, and Webb Lake. To learn more about the cabins and lake homes for sale in northwest Wisconsin, give me a call at 218-590-6634. Or, you can reach me at jeanhedren@edinarealty.com.
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