Sunday, December 30, 2007

 

Quick Resale Value Investment Statistics


Heed the Stats, Avoid the Pit


Everyone loves statistics, so here are a handful from Remodeling Magazine.

A great deal of the money you invest in home improvements is added to the resale value of your home. According to Remodeling Magazine, the top remodeling investments are:

A minor kitchen remodel -- you can expect to recoup 94 percent of your investment when you sell your home

Bathroom remodeling -- resale value 77 percent

Deck addition -- resale value 73 percent

Siding replacement
-- resale value 71 percent

Home-office addition -- resale value 69 percent

Window replacement -- resale value 68 percent



I know some Real Estate brokers will disagree with some of the percentages, but these numbers are an amalgam of stats from around the US...obviously, adding a deck on 77th and Columbus won't add value (but may get you committed), so New Yorkers should take this with a grain of salt.

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