The NAR reports that the best home improvement projects may also be some of the least expensive for 2009! This year forget the kitchen and bath projects, according to the 2009 Remodeling Cost vs. Value Report, focus on small-scale exterior projects as they are the most profitable at resale.
The report goes on to state that on a national level, 8 out of the top 10 projects that recouped their costs were “exterior replacement projects that cost less than $14,000. Certain types of door and siding replacements, as well as wood deck additions all returned more than 80 percent of project costs upon resale. A steel entry door replacement – a new addition to this year’s list – recouped 128.9 percent of costs, followed by upscale fiber-cement sliding replacements at 83.6 percent. Wood deck additions recouped 80.6 percent of costs.”
“Once again, this year’s Remodeling Cost vs. Value Report highlights the importance of a home’s first impression,” said NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz. “With exterior projects returning a high percent of project costs upon resale, Realtors® can help give your home curb appeal while adding value to the real estate transaction.”
Stumble It!
Stumble It!
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