Health & Fitness
Cost vs. Value with Updates to your Home
Thinking about updating a kitchen but want to know how much you will get back on your investment once you sell??
With the spring real estate market getting closer sellers are getting their homes ready to be put on the market. I have sellers asking me if I remodel a bathroom, install new windows or a roof…How much will I get back on my investment once I sell?
Last month there was a great article in Realtor magazine that I have been sharing with sellers on Cost vs Value. Exterior projects dominated the list. It is all about curb appeal!
1. Entry Door Replacement (steel)
Job Cost: $1,137
Resale Value: $974
Cost Recouped: 85.6 percent
Find out what's happening in Kirkwoodwith free, real-time updates from Patch.
2. Deck Addition (wood)
Job Cost: $9,327
Resale Value: $7,213
Cost Recouped: 77.3 percent
3. Garage Door Replacement
Job Cost: $1,496
Resale Value: $1,132
Cost Recouped: 75.7 percent
Find out what's happening in Kirkwoodwith free, real-time updates from Patch.
4. Minor Kitchen Remodel
Job Cost: $18,527
Resale Value: $13,977
Cost Recouped: 75.4 percent
5. Window Replacement (wood)
Job Cost: $10,708
Resale Value: $7,852
Cost Recouped: 73.3 percent
Click here for the full article on Cost vs. Value projects.
Have questions about Real Estate?
Contact me at 314-336-1962 or www.MichelleGegg.cbp1.com
Michelle Gegg Realtor Associate for Coldwell Banker Premier Group.
Follow me every Thursday on Patch to see what homes sold each week.