Which Home Remodeling Projects Pay Off Now.
The trend is towards updating rather than extravagant remodels from the looks of the new 2011/2012 Cost vs. Value Report from Remodeling Magazine. The report measures how much 35 common home improvements cost compared to how much they will re-coup when a home is sold. The top pay-offs (between 70% and 78% of their cost) come from replacing siding, adding a new garage or new entry door. Other remodels with similar pay offs include a minor kitchen remodel and adding a bedroom and bath to an existing attic space.
The worst performers in terms of resale value include adding a sun room (45.9%), adding a back-up power generator (47.5%) and remodeling a home office (42.9%).
A sluggish housing market continues to push down remodeling return on investment. Since its peak in 2005 at 86.7%, the overall average cost-value ratio has dropped 29 points to 57.7%
Click here to see the full report.
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Home remodeling is not an easy task because you need enough time, budget and effort to successfully remodel your home and looks better. You can also get some Home remodeling ideas on magazine or internet.
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