Home Remodeling: Cost vs. Resale Value Report Shows Big Returns on Small Projects

Home Remodeling: Cost vs. Resale Value Report Shows Big Returns on Small ProjectsFor the second consecutive year, the best of home remodeling projects yielded more resale value, according to Remodeling Magazine.
That’s a little-noticed side effect of the housing market recovery. And it illustrates how small projects can make a big impact. Even small projects can cause a lot if you are looking at remodeling your home, luckily there are ways to keep your home remodeling budget lower but increase the resale value.
For example, a new front door (steel), which on average adds 96.6 percent of the amount you spent to the value of your home, came in as the top-ranking home improvement, so if you’re looking for door renovations to try and add some value to your home, you could look into renovation companies such as Graceland Windows and Doors that specialize in door replacements. The national average cost of an entry door replacement (steel) is $1,161. The project adds $1,122 in resale value, or 96.6 percent cost recouped. If you’re looking to add protection to the entrance of your home, it doesn’t need to be as costly as that. You could consider approaching someone like a locksmith in Scarborough to install a modern digital locking system instead to secure your property and its occupants.
There are, of course, much costlier projects you may be considering, such as a basement remodeling. Average national cost: $62,834. Cost Recouped 77.6 percent.
Remodeling Magazine’s “Cost vs. Value” report has a nifty map that focuses on specific regions of the country.
Below is the national averages chart for “mid-range” remodeling projects.
Home Remodeling: Cost vs. Resale Value Report Shows Big Returns on Small Projects
Source: remodeling.hw.net

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