Planning to Sell?

When the time comes to sell your home, one important line of thinking will be which home improvement and repair projects will give you the best return on your investment.  Some projects can greatly increase the resale value of your home.

But here is a short guide to projects that will give you the best returns.  The list was first published in “Remodeling Magazine” in 2011 using HomeTech’s Remodeling and Renovation Cost Estimator’s database.  These are the top 10 remodeling projects that give the best returns on selling your home.

Improvement                                                                               Return

1. Exterior siding with high-end fiber cement                                              78%

2. Replace entry door with 20 gauge steel door                                           73%

3. Remodel attic into a mid-range bedroom space                                      72.5%

4. Mid-range minor kitchen remodel                                                             72.1%

5. Mid-range garage door replacement                                                          71.9%

6. High-end garage door replacement                                                            71.1%

7. New wood deck                                                                                                70.1%

8. Foam backed vinyl siding                                                                              69.6%

9. Mid -range vinyl siding                                                                                   69.5%

10. High-end vinyl replacement windows                                                        69.1%

We have remodeled many homes in all three economic ranges (economy, mid-range, high-end) and found that mid-range might be an average priced material, but still can have inferior performance.  Never “skimp” on kitchen cabinets, garage doors, plumbing fixtures, electrical devices, and vinyl siding.  Mid-range on these components can cause serious problems down the road. (mid range price doesn’t guarantee mid-range quality).

Posted November 6, 2018 by chris in Planning