Top 10 remodeling projects for resale
Expecting to plant a "For Sale" sign in the front yard
any time soon? Whether the target date for listing your home on the market is
a few months or a few years away -- or whether you simply like to make decisions
with an eye toward the future -- you may well be wondering how putting some money
into the house now will pay off later.
Thanks to research
from Remodeling magazine, homeowners can take some of the guesswork out of project
decision-making. The publication's "Remodeling Cost vs. Value Report 2006,"
which offers national averages as well as regional and city breakdowns of 25 common
home improvement projects and their effects on resale value, shows that exterior
siding replacement, wood window replacement and minor kitchen and bathroom remodels
are tops in the national average of job cost recouped.
the lowdown on the top 10 home improvement projects by resale value from this
19th annual report, which is based on e-mail surveys returned from 2,188 members
of the National Association of Realtors. In calculating costs, the report authors
considered complete cost-to-construct figures (including labor, material, subtrade
contractors and gross profit).
Reports for each of the 60 cities
surveyed, as well as a complete printed report,
are available for purchase and immediate
download from Remodeling
are the top 10:
|Here's the lowdown on the top 10 home improvement
projects by resale value.|
|Top 10 remodeling projects|
Replace siding -- fiber cement.
National averages reveal that 88
percent of a job costing $13,149 can be recouped with this type of project (based
on replacing 1,250 square feet of existing siding with new fiber cement siding,
factory pre-primed and pre-painted, including trim).
in the following 14 cities could expect to recoup 100 percent or more of job cost.
|14 cities that can expect to recoup costs:|
In the experience of home building
and remodeling expert James Carey, who, with his brother Morris, has a weekly
radio program and newspaper column called "On the House," people like
this type of siding because it's the best and most up-to-date. "Fiber cement
siding lasts forever and so does the paint that goes on to it," he says.