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Cost vs. Value
Posted by scootntosell under For Buyers, For Sellers, General Information
Hello and welcome back! The 2007 Cost vs. Value Report is just out. This report shows you what your percentage of return might be on home improvement projects when you sell your home. According to Remodeling magazine, exterior and replacement projects bring the biggest return.
Home office remodels rank at or near the bottom of the national averages, However, minor kitchen remodels rank among the highest value projects. You should also consider whether a remodeled space reduces the number of rooms or available square footage. An example of gaining square footage would be by adding a bathroom under a stairwell. This had previously been unused space.
In the Kansas Ctiy area adding a wood deck with a job cost of $10,546 you can expect to recoup approximately 75.2% of the cost. Adding siding (fiber-cement) at a job cost of $12,578 you will see a recoup of approximately 82.1%. A minor kitchen remodel with a job cost of $21,672 will recoup approximately 74.2%.
So if you are thinking of starting a home improvement project during this coming season click on the link below for a complete copy of the article. Good luck on your project.
Lisa
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