Tired of this? Consider some upgrades |
- One of the highest return items is the installation of a new steel entry door cost approximately $2400 with a resale value, according to this source, of $7210, or 300%. This item has been on the list for a few years as a good investment.
- Manufactured stone veneer costing $12,000 brings a resale value of over $26,000, or a 220% return.
- Garage door replacement, another key trend for several years, with a cost of $4300 is listed with a resale value of over $12,000, or over 293%.
- A minor kitchen remodel costing about $28,000 is listed with a resale value of $39,000, or almost 140% increase.
- A composite deck addition costing over $24,000 brings a return of about over 86%, but a wood deck addition cost a few thousand less has an increased resale of over 120%. Maybe people just like wood, but it's susceptible to termite damage.
- Another good investment, in my opinion, are window replacements, and depending on which type you use, wood or vinyl, you may see a value increase between 83-90%.
- Primary suite additions are among the most expense on the list, and the returns are in the 44-61% range.
As above, keep in mind that certain improvements may not bring the resale value stated in this report, because the more properties in your area that feature certain improvements, the more they become the standard for the area--your reward may be in a faster offer and a quicker sale depending on the local demand for a particular feature.
To get detailed information on each of the 23 key trends used in this report, go to https://www.remodeling.hw.net to download the report.
For more resources on job cost, go to my resource page at https://www.abodes.realestate/free--mostly--resources-for-you
Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996