Home remodeling can be fun and a huge headache. In order to get the most out of your money and avoid a later headache we found this article with projects that are tried and true and will help you get the most for your money.
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From the article:
Even if you’re not planning to sell your home anytime soon, it’s an inevitable question when you consider remodeling: How much will this improvement add to the value of my home?
Surprisingly, much of the time the answer is not as much value as it costs to actually make the improvement.
But some home renovations bring you more bang for your buck than others.
The top-ranking home improvement? A new front door, which on average adds 96.6 percent of the amount you spent to the value to your home, according to Remodeling magazine’s annual Cost vs. Value Report for 2014.
But “it has to be the right front door,” says Steven Aaron, owner of the Steve Aaron Realtor Group at Keller Williams Beverly Hills and one of the protagonists of the HGTV series “Selling LA.” Keep in mind that sometimes painting the existing front door provides the same payoff.
All 35 projects included in the Cost vs. Value report added more value this year than last year, and this is the second consecutive year of increases after several years of decline.
Renovations that bring the greatest percentage return on investment:
- Entry door replacement: 96.6 percent
- Deck addition (wood): 87.4 percent
- Attic bedroom: 84.3 percent
- Garage door replacement: 83.7 percent
- Minor kitchen remodel: 82.7 percent
Renovations that yield the smallest return:
- Home office remodel: 48.9 percent
- Sunroom addition: 51.7 percent
- Bathroom addition: 60.1 percent
- Backup power generation: 67.5 percent
- Master suite addition: 67.5 percent
Looking to remodel your kitchen? Then checkout this article with kitchen remodel ideas that could be of interest to you.
Read the entire article here: http://money.usnews.com/money/personal-finance/articles/2014/03/06/which-home-remodeling-projects-are-worth-your-money