Remodeling: What Gets the Best Bang for Your Buck?

By
Real Estate Agent with Atlantic Wave Services

Thinking of remodeling or upgrading before you sell but you’re not sure where to start? You’re in luck. The results are in for Remodeling Magazine’s annual Cost vs. Value report, which is produced in cooperation with Realtor® magazine. This year’s big winners are decks, kitchens & baths (big surprise), and vinyl siding.

If you add a wooden deck, you’ll recoup 81.8% of the cost when you resell, and a composite deck will get you 73.7%.

Kitchens and baths are perennial winners. The 2008 average for a minor kitchen upgrade was $21,246, with $16,881 recouped at resale, or 79.5%. Not too shabby. And ditching that pink and black tile in the bathroom will return 74.6%.

Vinyl siding replacement was another big winner in the report. The average cost in ’08 for the job was $10,256. You’ll recoup 80.7% of the cost at resale, or $8,274. And getting rid of those old, drafty windows and replacing them with low-maintenance vinyl windows will not only cut down on your heating and cooling costs, but you’ll recoup 77.2% of the cost at resale. Sweet.

Just one more thing: Before you start any of the work, check references and make sure your contractor is licensed! Thanks for stopping by, and tune in next week for more information you just can’t live without. Have a great week!

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Topic:
Home Improvement
Location:
Virginia Fairfax County Vienna
Tags:
remodeling
northern virginia real estate
maryland real estate
washington dc real estate
renovations
upgrades

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Rainmaker
807,358
Anthony Stokes-Pereira
Realtor
Better Homes and Gardens Rand Realty

Hi Tim;

Great post and I thank you for sharing. Happy Holiday!

December 23, 2008 10:42 PM
Rainmaker
468,836
Janice Roosevelt
OICP ABR, ePRO,Ecobroker
Rory Burkhart Team, Keller Williams

Tiny, I always look forward to the Cost Vs. Value report and refer to it often throughout the year as I talk to people. Hope you have a very prosperous New Year!

December 26, 2008 07:45 AM
Rainer
9,350
Vincent Tedeschi
Weichert,Realtors

You would be amazed at how few people check references. I also drive by active work sites to look at the organization of the job. Great selling this year to all.

Vin

December 26, 2008 04:03 PM
Rainer
28,478
Louise Henry
Home Stager Pair Home Design Chilliwack
Fraser Valley, Abbotsford, Hope Vancouver BC

Hi Tiny

This makes for an interesting read, I wonder what the return would be on Painting, its supposed to have a very high return in the 90% range I would suspect that is as long ias its a good paint job

happy holidays

Louise

December 31, 2008 04:20 PM
Anonymous
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Rainer
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Tiny Varner

Christine "Tiny" Varner
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