Angie’s List surveyed top remodelers and real estate professionals to determine which remodeling projects result in the best return on investment when it comes time to sell your home.
“Well-planned and executed home improvements make your house more livable while you live there, and they boost your home’s resale value,” says Angie Hicks, founder of Angie’s List, the nation's premier provider of consumer reviews on local service companies.
“If you’re investing in your home specifically to help sell it, focus your dollars on the things that will really wow a potential buyer.”
Home remodeling projects with the highest return on investment
1.The kitchen – Whether it’s a major overhaul or a simple makeover, putting a fresh face on your kitchen is your best investment. Maximize your return by limiting your project cost to no more than 20 percent of the value of your home. Expect an 85 percent return on your investment.
2.The bathroom – An outdated bathroom can spoil a sale. Current trends have homeowners installing large showers instead of garden tubs. A major update could cost less than $20,000, but it should yield an 80 percent return.
3.Decks – A new deck can cost a few thousand to tens of thousands of dollars, depending on size and materials used. Before you build, look at other homes in your area and build accordingly. If the deck is in good shape, your return could be more than 80 percent.
4.Siding – If your home’s facade is siding and it’s not in good shape, replacing or repairing the siding can bring instant freshness. You’ll likely spend at least $10,000, but you should get at least 80 percent back.
5.Window replacement – The energy efficiency of new windows is a clear benefit to switching out older windows, but in some cases, it’s a safety feature, too. Costs depend on the number of windows you’re replacing, of course, and the type. Expect a return on your investment of at least 70 percent
Great compilation of synchronized swimming!
A passion since childhood... Featuring: Virginie Dedieu (Fra, Solo 2007 WC), Virginie Dedieu & Myriam Lignot (Fra, Duet 2000 OG Sydney), Japan Team (2007 Fin...
Good time with friends at Windermere's 2012 Symposium!
[01/19/12] Has anyone read the article in the Seattle Times today about Zillow adding "Neighborhood Advice"? If the Zillow user agrees, it activates Facebook Connect and they can see where their Facebook Friends live. I believe the idea is for home shoppers to get a better idea of a neighborhood. Good idea or creepy?
"House Repairs" was always a dreaded card to get in Monopoly. This article explores what house repairs cost more or less.
handsonhomebuyer.com You might think getting a mortgage is the scariest thing ever. But that's just because you've never been responsible for paying for house repairs and maintenance.
2012...the year you sell your home? Here are some blunt tips on making that happen.
businessinsider.com Dress it up and price it right.
Have to think this will keep the pool of eligible borrowers bigger rather than smaller.
inman.com Waiver for 90-day resales extended through 2012 . For the second year in a row, the Federal Housing Administration is extending a temporary waiver of its "anti-flipping" rule, meaning homebuyers relying on FHA-insured financing will continue to be able to buy homes that have changed hands in the las...
This plus the good job news today makes for a happy Friday!
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