Be Careful What You Spend on Remodeling
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Buyers are looking at the basics. In Coos County, a good roof is critical with our winds and rain on the coast. A nice entry welcomes buyers. Just like meeting a person for the first time, that first impression (the entry) sets the tone for the home tour. When you click into more information of the cost vs. value at the bottom of the page, you will learn more about where to invest or not invest, in remodeling. Jan Delimont 541-290-1850 800-752-6361 Prudential Seaboard Properties, Coos Bay, OR Posted: 22 Nov 2009 05:51 AM PST
Take a look at the cost vs. value when taking on a remodel project Be careful what you spend these days when you are thinking about remodeling your house. Home values are down and so are the recovered costs of remodeling. In 2005, at the peak of the real estate market, approximately 87% of the cost of a remodel would be recouped in the sale of a home. Today’s real estate market is recovering approximately 64% of the remodel costs. Everybody is watching their wallets, so if you are considering a remodel think carefully. While remodel costs are down it is important to remember that home values are down too. Unless you want to stay in your home for a long time you cannot count on recovering costs of a major remodel. The most cost effective remodel items today are: Roofing, siding, windows, and doors. Similarly, redoing a basement or attic is recommended instead of adding an addition. These items are recommended because a seller will recoup a greater percentage of the cost when they sell their home. For more information on current cost versus value click here. |
