In any given year, in any given housing market or geographic location, certain types of remodeling projects demonstrably return more of their installation costs at the time of resale. A higher percentage of those installation costs can be recouped in a strong housing market, of course. But, you get the picture.
Knowing what types of home improvements are most likely to return the highest amount in YOUR area, can help you make more informed choices about where to invest your remodeling dollars.
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While the data presented here can help set expectations for homeowners contemplating remodeling work, some figures will appear too high or too low simply due to the leveling effect of averaging. It’s also important to acknowledge a variety of factors that can affect both the cost of remodeling and the resale value of homes.
Here are the general data for improvement projects from Remodeling Magazine. To get real specific, you can order a report for a few dollars from Remodeling Magazine. You can get a report for one of 60 areas.
courtesy of Chicago Association of Realtors and the National Association of Realtors