Projects To Boost Appeal

In the December 2008 Realtor magazine, they ran an article about the
best projects that bring the greatest return on your money. They did
this using HomeTech Information Systems, which is a remodeling
estimating software company in Bethesda, MD.

I am only going to show you what they thought would be the best return
for your money in the state of Kentucky

(These projects are based on midrange homes.)

Additions:

Back-up Generator.
Job cost: $12,820.
Resale Value: $8,957
Cost Recouped: 69.9%

Bathroom
Job cost: $33,468
Resale Value: $23,255
Cost recoup: 69.5 %

Deck (composite)
Job Cost: $14,285
Resale Value: $10,237
Cost Recoup: 71.7%

Deck (wood)
Job cost: $8,903
Resale Value: $7,588
Cost Recouped: 85.2

Family Room
Job cost: $70,536
Resale Value: $48,661
Cost Recouped: 69.0

Garage
Job cost: $49,954
Resale Value: $34,779
Cost Recouped: 69.6

Master Suite
Job Cost: $89,283
Resale Value: $60,827
Cost value: 68.1%

Sunroom
Job Cost: $66,572
Resale Value: $39,147
Cost Recouped: 58.8

Two-Story
Job Cost: $131,511
Resale Value: $94,791
Cost Recouped: 72.1%

Remodels

Attic-to-bedroom
Job Cost: $42,277
Resale value: $33,749
Cost recouped: 79.8%

Basement
Job cost: $53,552
Resale: $44,924
Cost recouped: 83.9%

Bathroom
Job cost: $14,413
Resale: $11,973
Cost recouped: 83.1%

Home Office
Job cost: $26,494
Resale value: $26,494
Cost recouped: 60.5%

Kitchen (major)
Job cost: $53,150
Resale value: $41,260
Cost recouped: 77.6%

Kitchen (minor)
Job cost: $20,307
Resale value: $16,461
Cost recouped: 81.1%

Replacements

Roofing
Job cost: $16,594
Resale value: $10,657
Cost recouped: 64.2%

Siding (vinyle)
Job cost: $8,994
Resale value: $7,610
Cost recouped: 84.6%

Window (vinyle)
Job cost: $9,529
Resale value: $7,438
Cost recouped: 78.1%

Window (wood)
Job cost: $10,405
Resale value: $8,037
Cost recouped: 77.2%

Even though the cost of doing a project and the resale value don't
show profit, a person's home is still one of their best, and most
solid investments.

Also you don't really do home projects (at least most of the time)
because you are thinking about selling. But you do it to make it the
way you want it. So remember that!

And finally, the main reason you do these projects, is to make your
property stand out above the rest, and give it that true curb appeal
that sells your house.

Adam Gullett
Homestead Real Estate
(606) 219-5122
adamgullett@gmail.com
www.somersetliving.com

Sent from my iPhone