Recouping remodeling costs

Some home remodeling projects you do because you need (think new roof), some you do because you want them (think gazebo out back) but what can you do to increase the value of your home? Realtor Magazine recently announced the top five remodeling projects for recouping costs. The one thing that they’re top projects had in common was that they all improved first impressions and most were fairly budget-friendly upgrades. Here they are:

PROJECT 1: Entry Door Replacement (Steel)
Cost $1,218
Resale value $1,243
Cost recouped 102.1%

PROJECT 2: Garage Door Replacement
Cost $1,291
Resale value $1,083
Cost recouped 83.9%

PROJECT 3: Siding Replacement
(Fiber Cement)
Cost $13,382
Resale value $10,707
Cost recouped 72.8%

PROJECT 4: Kitchen Remodel (Minor)
Cost $21,695
Resale value $15,790
Cost recouped 72.8%

PROJECT 5: Deck Addition (Wood)
Cost $10,973
Resale value $7,986
Cost recouped 72.8%

Check out the article for extra advice on how to bring down the cost.

Submitted by exclusive home buyer agent, Mary Rugani.

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