Consider Resale Value when Remodeling - Annual Update...
Most often, a person’s home is their largest investment. It’s therefore
wise to consider resale value when undertaking any substantial
remodeling project.
Each November, REMODELING Magazine publishes their annual “Cost vs.
Value Report”, comparing construction cost with resale value in over 50
markets.
As reported, from a national perspective, 2007’s top 5 projects for
return on investment were:
Siding Replacement – upscale fiber cement: 88.1%; midrange vinyl: 87.2%
Deck Addition/wood: 85.4%
Minor Kitchen Remodel: 83%
Window Replacement/Wood – midrange: 81.2%; upscale 79.3%
Window Replacement/Vinyl – upscale: 81%; midrange: 79.3%
Naturally, if selling is not in the foreseeable future, one’s first
consideration would be centered on personal use. - - Is more space
needed for a growing family? Would a backyard pool create the perfect
spot for warm weather get-togethers? The answers to such questions would
be of prime consideration.
That stated, regardless of circumstances, learning more about the
financial impact of a planned remodeling project is a prudent step. - -
It’s your home, know its value!
Additional information can be found at:
www.remodelingmagazine.com
M. Lee Raia
Re/Create Your Space
Real Estate Styling®, LLC
(410) 668-8040
www.realestatestyling.com
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Safety First: Before Listing Your Home, Remove That “Block of Knives”
I have been professionally staging homes in Colorado Springs, Denver and
the Front Range area for four years. Safety for the Realtors who show
the homes I stage (or any home listed for sale), has long been a passion
of mine.
