Tuesday, December 30, 2008

Will I get my $ Back?

Quite often, we are asked about the rate of return on home remodeling projects. One great source to see how much money you will recoup by redoing your Master Bathroom is Remodeling Magazine annual Cost vs Value Report. What you will notice is that no project has a 100% rate of return. Leading the way for Return on Investment, again, is exterior remodeling projects. Boosting curb appeal through replacing windows, siding, and deck additions recoups your investment dollars the best both Nationally and Regionally. The only interior remodeling project making the Top 10 are Kitchen Projects.
Below are the Top 10 Projects and their Cost Recouped:

1. Upscale fiber cement siding replacement (86.7%)
2. Midrange wood deck addition (81.8%)
3. Midrange vinyl siding replacement (80.7%)
4. Upscale foam-backed vinyl siding replacement (80.4%)
5. Midrange minor kitchen remodel (79.5%)
6. Upscale vinyl window replacement (79.2%)
7. Midrange wood window replacement (77.7%)
8. Midrange vinyl window replacement (77.2%)
9. Upscale wood window replacement (76.5%
10. Midrange major kitchen remodel (76.0%)

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