Does it pay to remodel?

Pondering a remodel? Did you know some projects actually pay for themselves when it’s time to sell? Remodeling Magazine just released its 30th annual Cost vs. Value report, which provides a detailed analysis into how much popular remodeling projects cost—and the value they add to your home—in various regions across the county. Thanks to our robust housing market, the Pacific Region beat the national average for recoup on every single project.

A few key takeaways we learned from this report are:

  1. Exterior “curb appeal” improvements generally pack a bigger payback than interior projects
  2. Inexpensive improvements are easier to recoup than pricier remodeling projects
  3. Replacement projects usually net more than remodeling/expansion projects—which may explain the relatively low returns on kitchen and bath remodels/additions

For the full Pacific Region report on all 29 projects, including project descriptions and scope, click here!

 

 

Cost vs. Value data © 2017 Hanley Wood Media Inc. Complete data from the Remodeling 2017 Cost vs. Value Report can be downloaded for free at www.costvsvalue.com

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