Remodeling Homes – Return on Investment

Every year, Remodeling Magazine does a Cost vs. Value report that shows the return on investment you can expect from typical remodeling projects when you decide to sell. Very often during listing presentations,a homeowner will tell me that someone suggested a kitchen remodel before putting their home on the market.  According to this report, if they were to take that advice and spend $20,000 on a minor remodel to spruce it up and get it looking great, they might see a return of $18,000. Sound like a good investment to you? Take a look at what spending $60,000 on a high-end makeover might do for you. Data is compiled on a national level and by region, including Seattle.

This is why people will tell you to do the remodeling while you are still living in your home and can enjoy it. Here's a link to the downloadable reports:

http://www.remodeling.hw.net/remodeling-market-data/about-the-report.aspx

Posted on September 18, 2012 at 5:29 am
Patti Shannon | Category: Bainbridge Island Real Estate | Tagged , ,

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