We all want to make improvements to our house and we often know we will improve the value of our home. But just how much will improvements to the kitchen, bathroom or siding give us? While you will never recover the entire cost of your renovations, you can at least improve your home's value. And that can make the difference between a good sale and a poor one.
Remodeling magazine printed up this year's list of return on investment for various home improvement projects.
| Improvement | Cost | Resale Value | % Recouped |
|---|---|---|---|
| Siding Replacement | $13,461 | $10,493 | 78.0% |
| Entry Door Replacement | $1,238 | $903 | 73.0% |
| Attic Bedroom Addition | $50,148 | $36,346 | 72.5% |
| Kitchen, Minor Remodel | $19,588 | $14,120 | 72.1% |
| Garage Door Replacement | $1,512 | $1,087 | 71.9% |
At best, you can get a 78% return on your investment if you replace the siding. You can see the entire list here.
Very useful info....Thanks Campbells!
ReplyDeleteHope you can use the information to make some useful home improvements!
ReplyDelete