REMODELING CAN PAY OFF!

Front Door Takes the Prize!!

Remodeling Magazine has come out with its 2010 -2011 home remodeling jobs and their cost versus value on the resale of your home. For the South Central Region of Houston and surrounding area, it came out like this.

#10. Replacement of the roof. The value of a new roof to sale has fallen again this year. The cost of roof replacement around $21,488 the actual value / recoup at sale $12,780 [59.5%]

#9. Addition of a family room. Adding a 16x25 [400 square feet] extra room will only pay you 62.5% of what it cost you to build. [Cost $85,740 versus value at resell $53,624]

#8. Remodeling the bathroom, however wonderful, will get you back only 64.1% of your cost. [$16,634 in updates gets you $10,668]

#7. Minor kitchen remodeling would include replacing cabinet fronts, hardware, countertops, sink and faucet, oven and cook top, and replace flooring. This is a wonderful way to change the feeling of the home, since the kitchen is the central place of most activity. The re-coop on this very fun re-model is 72.8% on investment. [$21,695 versus $15,790]

#6. Wood deck addition is one of my very favorites, as outdoor living space is in such demand. A 16x20 [320 ‘of decking] adds more than just space, it adds lifestyle. Parties, relaxing, plants…a sanctuary as such. The financial reward for this one is 72.8% of actual cost [$10,972 in cost and at resale $7,986] But who cares……for me this one is a must!

#5. New double hung insulated windows will pay you back in energy savings for sure, but on resale value [$12,027 in cost nets you $8,707 or 72.4%]

#4. You can change the absolute total look of your home with new siding. The colors available in vinyl are great you can hang the siding horizontal or vertical….Nice! Cement fiber board is a super choice as well. This can be painted any color you choose! Cement Fiber siding will net you 80% profit and vinyl 72.4%. [Costs depending on the size of the home, with Cement fiber board running a bit higher than vinyl]

#3. Square footage is ‘KING’ everyone wants just a little bit more! Converting an attic into a bedroom is a nice way to do this. A 15x15 foot finished space [225 square feet] with a 5x7 foot bath/shower at re-sale will bring you 72.2% of your costs. [$51,428 versus $37,142]

#2. You can get 83.9% of your investment back on new garage doors. 16x7 garage door will cost you around $1,291 and you will get $1,083 at resale….Now that is not bad!

#1. THE #1 remodel ‘take your money to the bank’ again this year is…………… The Front Entry door. Again one of my top picks for changing the look of your home, and by far the most rewarding, with a whopping 102.1% resale value! Who Knew? Yet so very easy to do. Depending on the type of door you choose the range of cost could go anywhere, BUT this easy face lift won’t let you down! Your REALTOR is a great resource for helping you decide if or what remodels would be right for you!