According to Remodeling magazine’s 2013 “Cost vs.
Value Report,” Realtors consider exterior home
improvement projects among the most valuable. In fact, a
majority of the Top 10 projects in terms of value recouped
at resale are exterior replacement projects. This makes
sense given the importance of curb appeal in attracting
home buyers.
Based on interviews with real estate professionals
throughout the country, the Remodeling report found that the
top project is steel entry door replacement, which typically recoups
85.6 percent of costs. Making this project an even better
investment is that it is also the least expensive to complete. In addition, three
different siding replacement projects and two other door replacements were
among the Top 10.
When it came to improvements to a home’s interior, there were two projects
ranked in the Top 10. Ranked fifth, a minor kitchen remodel is expected to return
75.4 percent of costs, while adding an attic bedroom and bathroom came in tied
for eighth with 72.9 percent of costs recouped.
The right remodeling project, when done well, also has the potential to make for
a quicker sale and reduce negotiations with buyers over perceived shortcomings.
Check Remodeling magazine’s “Cost vs Value” breakdown,
where you can download data for all regions of the country.
Wallingfoprd PA Real Estate – Wallingford, PA 19086
