Feb 7, 2010

Profitable Small Scale Home Improvement Projects

Small-Scale Exterior Home Improvement Projects Can be Most Profitable at Resale!
Some of the smartest home improvement investments may also be some of the least expensive, according to the 2009 Remodeling Cost vs. Value Report produced by Hanley Wood, LLC.
On a national level, eight out of the top 10 projects in terms of costs recouped were exterior replacement projects that were less than $14,000. This finding reinforces the importance of a home’s first impression and the value curb appeal brings to the real estate transaction.

Study Results:

  • A steel entry door replacement recouped 128.9% of costs upon sale of the home
  • Upscale fiber-cement siding* replacements recouped 83.6%
  • Wood deck additions recouped 80.6%
  • Midrange vinyl and upscale foam-backed vinyl sliding replacements recouped 79%
  • and several different types of window replacements all returned more than 76% upon sale.

* some people will tell you that there is no such thing as 'upscale siding' but that depends on your price range and where you live.

You can view detailed results of the report at http://www.costvsvalue.com/.

However, remodeling projects are just one of many factors that contribute your home’s overall resale value. The location, condition of surrounding properties and the regional economic climate are also important considerations.

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dallas home for sale said...

If we increase our status to make a home we can earn lots of from our projects..

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