In our last post we discussed the top 6 remodeling projects that give you the most return value when selling your home. Of the top 6 items 4 of them were exterior projects, the two indoor projects are:
Attic Bedroom: Cost = $50,148; Resale Value = $36,346; Cost Recouped = 72.5%
Minor Kitchen Remodel: Cost = $19,588; Resale Value = $14,120; Cost
Recouped = 72.1%
Additionally to round out the top 10 list:
Basement Remodel: Cost = $63,378; Resale Value = $42,338; Cost
Recouped = 66.8%
Two-Story Addition: Cost = $165,795; Resale Value = $103,301; Cost
Recouped = 62.4%
Bathroom Remodel: Cost = $16,552; Resale Value = $10,293; Cost
Recouped = 62.2%
Family Room Addition: Cost = $83,118; Resale Value = $50,004; Cost
Recouped = 60.2%
This survey was the result of more than 3,000 Realtors responding, well this is a national average survey the results are fairly typical for our market in the Greater Cleveland area.
To learn more about what you can to do to put your homes best foot forward give me a call, I can help.
Keller Williams Greater Cleveland, Carol Murphy Team