home remodeling

Top 7 exterior home remodeling projects with highest returns

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If you are thinking of selling your home and need to do a few updates first, these 7 exterior projects will result in the highest return on your remodeling dollars. Cost Vs Value RISMedia 2019

Stone veneer, minor kitchen remodel, wood deck, and siding replace rank the highest of most likely adding value to the home for sale.Exterior projects

 

Nationally, the top 7 projects with the greatest ROI in the mid-range cost category:

  • Manufactured stone veneer
  • Minor kitchen remodel
  • Wood deck addition
  • Siding replacement
  • Steel entry door replacement
  • Garage door replacement
  • Vinyl window replacement

12 interior home remodeling projects with highest returns

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If you are thinking of selling your home and need to do a few updates first, The National Association of Realtors Remodeling Impact Report of 2017 offers data on the 12 interior projects worth doing that will result in the highest return on your remodeling dollars.

Complete kitchen renovation, kitchen upgrade, and bathroom renovation rank the highest of most likely adding value to the home for sale.

 

Rank of projects highest to lowest (2017 Remodeling Impact Report):

  • Complete kitchen renovation
  • Kitchen upgrade
  • Bathroom renovation
  • Add new bathroom
  • New master suite
  • New wood flooring
  • HVAC replacement
  • Hardwood flooring refinish
  • Basement conversion to living area
  • Attic conversion to living area
  • Closet renovation
  • Insulation upgrade

7 home remodeling projects with highest returns

/ Jean / Leave a comment

If you are thinking of selling your home and need to do a few updates first, The National Association of Realtors Remodeling Impact Report offers data on the seven projects worth doing that will result in the highest return on your remodeling dollars.

Upgraded landscaping and a new roof are report to have the highest return at 100% or even a little more.

If you would like a copy of the full report, please drop me an email.

NAR 2017 Remodeling Impact Report

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According to the National Association of Realtors 2017 Remodeling Impact Report, kitchen remodels are most likely to add resale value and highest appeal to home shoppers. It is estimated that home owners can recover approximately 57% of the renovation cost.

Curious to read the full report?

 

New roof has greatest home remodeling value

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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

 

Realty Times – Kitchen Makeover without Spending a Fortune

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Realty Times – Kitchen Makeover without Spending a Fortune.