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Comments and Questions:

  Remodeling Pays - Back
What type of remodeling will improve the value of
your home? Homeowners often weigh the possibility
remodeling either for improving their property
for self enjoyment or for preparing the home for sale.
A big consideration should be the return on the cost
of the remodeling job. Does it add value to the home?
If not, you may want to reconsider.

Kitchen remodeling and bathroom additions offer the
highest rate of return on your investment according
to a recent report from Remodeling magizine. In 12
types of projects, more than 50 percent of the remodeling
costs are recouped if homes sell within a year of
completion of the work.

Here are some examples:

minor kitchen remodel88%
bathroom remodeling85%
major kitchen remodeling81%
family room addition80%
new deck77%
master suite addition75%
attic bedroom conversion74%
Siding replacement73%
deck addition71%
window replacement69%
home-office addition55%

For more information, you may want to see Remodeling
magazine’s, “2000-2001 Cost vs. Value Report.” Contact
your Real Estate professional for a complimentary
Pricing Analysis to help determine the market value
of your home.

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