Remodeling: Cost Vs. Value
December 10, 2006
If you are thinking that you might be selling your home in 2007 or if you just wish to remodel or redecorate for your own pleasure, but wonder whether you will evr recoup some of the money you spend, the National Association of Realtors publishes an annual report of current costs vs. the possible return you might expect.
To quote a portion of the article in Realtor Magazine, "When you consider its value at resale, a home improvement project only costs 20 cents to 25 cents on the dollar. The other 75 cents to 80 cents spent on the project goes directly back into the home through increased value - not to mention increased owner enjoyment."
In case you wonder, kitchen and bathroom remodeling give the greatest return on the monies spent. Interestingly, in the Pacific marketplace, window replacement with wood frame dual glaze windows has been giving a 100% return in the midrange home market and a 99% return in the upscale market.
If you want to read the entire report you can google "Remodeling Cost Vs. Value" and about the 6th or 7 listing will be "2006 Remodeling report."
If you are thinking that you might be selling your home in 2007 or if you just wish to remodel or redecorate for your own pleasure, but wonder whether you will evr recoup some of the money you spend, the National Association of Realtors publishes an annual report of current costs vs. the possible return you might expect.
To quote a portion of the article in Realtor Magazine, "When you consider its value at resale, a home improvement project only costs 20 cents to 25 cents on the dollar. The other 75 cents to 80 cents spent on the project goes directly back into the home through increased value - not to mention increased owner enjoyment."
In case you wonder, kitchen and bathroom remodeling give the greatest return on the monies spent. Interestingly, in the Pacific marketplace, window replacement with wood frame dual glaze windows has been giving a 100% return in the midrange home market and a 99% return in the upscale market.
If you want to read the entire report you can google "Remodeling Cost Vs. Value" and about the 6th or 7 listing will be "2006 Remodeling report."
posted by shirley harry at 9:05 AM
0 Comments:
Post a Comment
<< Home