Get more BANG for your BUCK!

 

Want to make sure you’re making the right choices when renovating, remodeling, or replacing tired or worn out amenities at home?  Realtors nationwide regularly rely on reports that compare the cost of remodeling to the value of the improvement, and you can too.

 

The National Association of Realtors publishes surveys like the 2015 Remodeling Cost vs. Value Report, which compares construction costs with resale values for 36 midrange and upscale remodeling projects in 102 markets around the country.  The data is organized by regions established by the U.S. Census Bureau, and is compiled annually with the help of a prominent remodeling magazine.

 

Remodeling and renovating is expensive! Before making repairs, consider this report or others available to help consumers spend wisely.   Here are the top five midrange projects and their returns.  See the full report at: www.costvalue.com

 

Top 5 Midrange Projects

 

1. Entry Door Replacement (steel)
Job Cost: $1,162
Resale Value: $1,122
Cost Recouped: 96.6%

 

2. Deck Addition (wood)
Job Cost: $9,539
Resale Value: $8,334
Cost Recouped: 87.4%

 

3. Attic Bedroom
Job Cost: $49,438
Resale Value: $41,656

Cost Recouped: 84.3%

 

4. Garage Door Replacement
Job Cost: $1,534
Resale Value: $1,283
Cost Recouped: 83.7%

 

5. Minor Kitchen Remodel
Job Cost: $18,856
Resale Value: $15,585
Cost Recouped: 82.7%