Home Upgrades
Homeowners remodel to work out the kinks that become apparent after living in a home for a few years, an awkward kitchen layout, an outdated bathroom or wasted attic space. Many others remodel with their eyes on the prize - the often increased value of their house.
Remodeling is more than replacing wallpaper or doorknobs. As the editors of Consumer Reports put it, "Redecorating is inconvenient. Remodeling is disruptive." Accordingly, the return on extensive remodeling can be substantial.
"If your home is one of the more modest offerings in your neighborhood, you can expect a strong return on your remodeling investment if you're bringing it up to the standard set by the homes around you," noted Duane Johns with Advanced Renovations. A house that lacks features commonly found in comparable homes is likely to linger on the market and may sell below its listing price.
However, if your house is already on the higher end, you may be remodeling more for your own comfort than for recouping your investment. Beware of "over improvement"—investing more than you'll ever get out and becoming the most expensive home in the area.
Guest Bathroom Remodel 102%
Landscaping 100%
Minor Kitchen Remodel 98.5%
Vinyl Sliding, Fresh Paint, Front Entry 70%
Attic Conversion into Bedroom 93.5%
Master Bathroom Remodel 93.2%
Major Kitchen Remodel 91%
Deck, Patio or Porch Addition 90.3%
Basement Remodel 90.1%
Replacement Windows 89.6%
Family Room 83%
Bonus Room Updates 72.8%
Living Room Updates 72.8%
Bedroom Updates 52%
Living Room Updates 40%
Info sited from HGTV
guest bathroom remodel 102%
- If your old tub is too large to fit out the door,
re-glaze it for a like-new finish. Cost: $300 to $400.
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