The beginning of the year is a great time to finalize home improvement plans. If you are hiring a contractor or other professional, getting your bids and contracts in place now will save you from competing with the rush of other homeowners come Spring. Often overlooked is the fact that contractors book up well in advance!
According to Remodeling Magazine’s annual Cost vs. Value report, the following midrange projects will net you some of the highest Return on Investment (ROI) in our area.
|Project||Average Cost||Resale Value||Cost Recouped|
|Deck Addition (wood)||$12,343||$10,864||88.0%|
|Minor Kitchen Remodel||$22,765||$21,389||94.0%|
When deciding which upgrades to ultimately make, be sure it will fit your needs and you will get the best use out of your home. You want to be comfortable with the potential ROI you may receive from upgrades because ultimately many upgrades will not entirely recoup their initial cost upon sale.
“© 2017 Hanley Wood Media Inc. Complete data from the Remodeling 2017 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.”