Curious about where you should be spending money on upgrades in your home?
Here are some stats to keep at the forefront as you calculate a rate of return on your investment.
Remember to not only take these stats into consideration, but also how your current lifestyle will be impacted through enjoyment right now.
Maybe you don't really want to sell and move. Maybe you need to take some of the equity you have acquired in your house and reinvent how
you currently live in the house that you have. Call me. Ask me to come see your space and talk with you about your plans and how I can help.
Project (average cost recouped, national) according to Realtor Magazine:
Minor kitchen remodel (88%)
Bathroom remodel (85%)
Major kitchen remodel (81%)
Family room addition (80%)
Deck addition (77%)
Master suite (75%)
Attic bedroom (74%)
Siding replacement (73%)
Window replacement (69%)
Home office (55%)
Projects that may increase your home’s value include: Jacuzzi (4 jets or more); permanent hot tub; in-ground pool; security system; sprinkler system; substantial out buildings; and vaulted ceilings.
These may not add value to your house: above-ground pool; ceiling fans; garden pond; and light fixtures.
Things to keep in mind: 1) Remodel with mass appeal in mind. 2) Use durable, quality materials. 3) Keep the value of your property within 15 to 20 percent of your neighbors'.