Top 10 remodeling projects for resale
Siding replacement -- foam-backed vinyl
Spending $11,139 on this
project would mean an average of 83.1 percent recouped later, assuming it involves
replacing 1,250 square feet of existing siding with new foam-backed vinyl siding,
including factory trim at all openings and corners.
in these metro areas could expect to recoup at least 100 percent of the project
|7 cities that can expect to recoup costs:|
Upscale window replacement -- wood
For a $16,910 project involving
replacing 10 existing 3-by-5-foot double-hung windows with insulated, low-E, simulated-divided-lite
wood windows, with a stained hardwood interior finish and an exterior finish of
custom-color aluminum cladding, 82.5 percent could be recouped at resale.
can expect to see 100 percent or more could be recouped in these six cities.
|6 cities that can expect to recoup costs:|
"The bottom line on windows is
that they are very expensive," Bennett says. "They are issues of comfort
and aesthetics, not ROI." Different projects to improve the weather tightness
of a house, such as insulation, he adds, would result in a better return on investment.
As for what to avoid if resale value is top of mind, home
office remodels and sunroom additions recoup the lowest percentage of cost with
a national average of 63.4 percent and 66.3 percent recouped, respectively. While
not all of the above projects would increase the quality of life for a current
homeowner, those with an eye toward resale would do well to make project choices
* All data is copyright 2006 Hanley Wood, LLC
and reproduced by permission
is a Connecticut-based freelance writer.