Remodeling Cost vs. Resale Value
This article pertains to home remodeling in Raleigh, NC. The 2010-2011 study released by HomeTech last month reported numerous renovation costs and its added resale value to the home.
What remodeling projects bring the highest return?
First impression matters! Of the top 5 greatest return home upgrades, the top 3 winners this year can be categorized in the “curb appeal” department. Coming in at number 1, the front door. In the Raleigh housing market, spending a few extra bucks to get a high quality front door is well worth the added cost.
One my favorite upgrades that appeared on the list is replacing siding with fiber-cement (often known as hardiplank). Many homes that were built in Raleigh in the 80s and 90s were constructed with hardboard siding (often known as Masonite). This material is known to rot if it is not caulked and painted every couple of years and it finds its way on every home inspection repair request.
Here is the top 5 projects to your home that rake in the highest bucks are:
- Replace the old front door (cost recouped 102.1%)
- Replace the garage door (cost recouped 83.9%)
- Replace the siding (cost recouped 80%)
- Kitchen Remodel (cost recouped 72.8%
- Deck addition (cost recouped 72.8%)
Check out the latest study for the cost of a remodeling project as compared to the added resale value. Go to remodeling cost vs. resale.
Wilson Crow is a top selling Realtor for RE/MAX Capital Realty in Raleigh, NC. With over ten years of real estate experience, he has helped hundreds of buyers and sellers through the home buying or selling process. He specializes in the “Inside the Beltline” properties as well as the greater Raleigh Area. To view more information about Wilson Crow, visit www.wilsoncrow.com