The Smartest Home Improvement Investments

February 22nd, 2010
Written by Suellyn Godino
Categories: Sellers Only

This year, some of the smartest home improvement investments are also the least expensive for homeowners. The National Association of Realtors, NAR, has posted the results of the 2009 Remodeling Cost vs. Value Report and they show small-scale exterior projects not only enhance curb appeal, but are the most profitable at resale.

On a national level, 80 percent of projects were exterior replacements that cost less than $14,000. Steel door replacements, midrange and upscale siding and window replacements, as well as wood deck additions are some of the most profitable projects.

2009-2010 Remodeling projects that are most profitable
Below are the top ten projects in the Mountain region that recouped the most value at resale. The chart shows the average cost of the project and how much it recouped. More projects and information can be found at: www.Remodeling.HW.net.

Project Cost of Job Resale Value Cost Recouped

Entry Door Replacement (steel) $1,138 $1,265 111.2%

Siding Replacement (vinyl) $10,284 $8,222 79.9%

Window Replacement (wood) $11,156 $8,888 79.7%

Deck Addition (wood) $10,608 $8,395 79.1%

Window Replacement (vinyl) $10,239 $8,006 78.2%

Basement Remodel $58,743 $45,170 76.9%

Minor Kitchen Remodel $20,805 $15,944 76.6%

Attic Bedroom $46,239 $34,902 75.5%

Major Kitchen Remodel $55,336 $40,382 73.0%

Roofing Replacement $17,727 $12,531 70.7%

Source: Remodeling Cost vs. Value Report 2009-10.

This entry was posted on Monday, February 22nd, 2010 at 11:00 am and is filed under Sellers Only. You can leave a response, or trackback from your own site.