Questions Answered! Small and Large

Is there anything we can do to increase the value of our home, or make it more salable when we put it on the market? The answer is ABSOLUTELY! Fresh paint, new hardware, etc. etc........is the most popular and easiest on the pocket...but if you are really feeling ambitious and want to take on a remodel, consider this.

Recouping your remodeling investment may be your goal when selling your house. But when it comes to resale value, all home improvements are NOT created equal. As a rule, kitchen and bathroom remodels almost always pay back 90% or more of their costs. However, finishing a basement usually pays back less than 50%. Other improvements fall somewhere in between.

PROJECT	COST	AVERAGE PAYBACK
Heat or Air System	2,000-4,500	75%-100%
Minor Kitchen Remodel	2,000-8,500	94% to 102%
Major Kitchen Remodel	9,000-25,000	90%
Add Bathroom	5,000-12,000	92%
Add a Family Room	30,000	86%
Remodel Bathroom	8,500	77%
Add a Fireplace	1,500-3,000	75%
Build a Deck	6,000	73%
Remodel Home Office	8,000	69%
Replace Windows	6,000	68% to 74%
Build a Pool	10,000 and up	44%
Install/Upgrade Landscape	1,500 to 15,000	30% to 60%
Finish Basement	3,000 to 7,000	15%