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Owning Real Estate: Remodeling: Most Common Projects

When it comes to return on investment, all home remodeling projects are not created equal. Those projects which appeal to the largest percentage of home buyers (such as kitchen and bath remodeling) will bring the highest return on your investment. Be sure to take this into account before embarking on a large project, especially if you intend to sell the house within the next few years.

Here is the rate of return on some of the most common
remodeling projects as listed in Today's Homeowner:

  • Minor Kitchen Remodel, Average Cost $8,395, Return 102%
  • Bath Remodel, Cost $8,563, Return 77%
  • Deck Addition, Cost $5,927, Return 73%
  • Siding Replacement, Cost $5,062, Return 71%
  • Home Office Addition, Cost $8,179, Return 69%
  • Window Replacement, Cost $5,976, Return 68%

The following projects will generally return a smaller percentage of your investment, although this will vary from area to area due popularity variances:
  • Swimming pools, in-ground or above-ground
  • Spas and Hot Tubs
  • Enlarged decks
  • Porches that are not heated or cooled

 

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