Posted: Saturday, February 7, 2009
-
3 comment(s)
[
Comment ]
-
0 trackback(s)
[
Trackback ]
When deciding which remodeling projects will get you the most return on your investment and attract potential homebuyers, choose the outside of your house! According to the 2008 Remodeling Cost vs. Value Report, exterior remodeling projects return the most money as a percentage of cost.
On a national level, wood deck additions and all types of siding replacements returned more than 80 percent of costs upon resale. Window replacements also return a high percentage of remodeling costs.
Here is a breakdown of the percentage of project costs returned for major remodeling efforts:
- Wood Decks - 81.8%
- Siding Replacement - more than 80%
- Window Replacements - more than 76%
- Kitchens - 76%
- Bathrooms - 74.4%
- Attic-to-Bedroom Conversion - 73.6%
- Basement Remodel - 72.7%
- Back-Up Power Generators - 57.1%
- Sunroom Additions - 56.6%
- Home Office Remodels - 54.4%