Nobody likes spending more money than they need to spend.
Luckily, for those people looking to remodel, there are guidelines available that can help you avoid losing lots of money on a project.
Every year, Remodeling Magazine puts out a Cost vs. Value Report. This year’s report is in, and the results might surprise you.
U.S. News & World Report (5 Home Renovations that Pay off [and 2 That Don’t]) and 24/7 Wall Street (9 Home Improvement Projecs That Will Pay Off The Most In 2017) have great articles about many of these projects.
Here are some findings, in no particular order:
A front door replacement recoups 90% (!!!) on average. Minimal cost produces maximum value.
A garage door replacement recoups 85% on average. Again, modest cost produces maximum value.
Replacing windows recoups 74% on average. Middle of the road cost produces good value.
A minor kitchen remodel (around $20,000) recoups 80% on average. Higher cost but good value.
You can play around with the Cost. vs. Value Report right here. Let us know what you find.
Have a great week!
