The Cost of Remodeling & The Value of Upgrading Your Home

THE COST OF REMODELING & THE VALUE OF UPGRADING YOUR HOME YOUR HOME IS YOUR CASTLE, BUT INVESTING IN A REMODELING PROJECT CAN COST MONEY, TIME AND EFFORT, BUT THE REWARDS ARE WELL WORTH IT. WHY INCREASE YOUR HOME'S ROI? It is well worth your time, hard work and cash to remodel your home, because: It gives you a sense of control over your space, even when the rest of the world seems like it's out of control Moving is expensive and stressful, especially if you have young children or will need to relocate your job, because it is a major life disruption Replacing out of date pieces can provide a much-needed change of scenery Your sense of style may have changed in the past several years THE NATIONAL AVERAGES Upgrade the following to drastically increase the value of your home: 00 Entry Door Replacement (Steel) Siding Replacement (Vinyl) Window Replacement 101.8% 80.2% 78.8% MID-ATLANTIC REGION The more simple and inexpensive the project, the larger the cost-value ratio. Here are the home remodel projects with the: Highest ROI: STEEL ENTRY DOOR 138.4% WINDOW REPLACEMENT 109.8% STONE VENEER ACCENT 99.3% Lowest ROI: 55.7% BATHROOM ADDITION 56.6% SUNROOM ADDITION 46.5% HOME OFEICE REMODEL HOME IMPROVEMENT DO'S: GARAGE DOOR WINDOWS An easy and low- cost upgrade that also increases Try vinyl replacements over wood for an curb appeal extra 36% value FRONT DOOR Use steel over fiberglass for an increase of ROI by 73% HOME IMPROVEMENT DON'TS: ADD A SECOND STORY High-cost upgrade that only returns 64% UPGRADE THE KITCHEN High cost and most HOME OFFICE REMODEL Too specific and reduces higher-valued space remodels last weeks ACCORDING TO HGTV: Even if you have no plans to sell anytime soon, you or your family will sell someday. You might also refinance or take out a home equity line of credit, for which you'll want the best possible appraisal of your home, so always consider the resale value of your project KEEP A CLOSE WATCH ON AREAS YOU CAN EASILY IMPROVE AND UPGRADE: This will keep your house looking new and your home's value on the top of the market Every home will need a facelift from time to time, but which projects homeowners choose should depend on the ROI potential. Choose upgrades that will increase the value of the home enough to help recoup that home improvement investment. By choosing quality materials and simple projects with proven value, the chances of a healthy payback is possible. Paramount Builders, Inc. SOURCES: remodeling.hw.net, hgtv.com, huffingtonpost.com paramountbuilders.com