Monday, June 29, 2009

Improvement and Overimprovement in Home Remodeling

If you want to recoup some of the money you spend on remodeling your home, you need to consider not to overimprove. Although in the Pacific rim, you will recoup more of your investment than the national average, some investments are still better than others. For example in the midrange homes, minor kitchen remodel recoups about 95% of the money spent, while remodeling a home office will only get you about 65% return. Investing in new vinyl windows is also a good choice, it recovers about 93% of the cost, while helping you save green by living green.

Some of these is somewhat surprising. An addition of new wood deck will get a 97% return, but an extra sunroom is only 60%.

This online list gives you the national average. Contact me if you want the Pacific coast averages.

http://www.realtor.org/rmohome_and_design/articles/2008/0812_costvsvalue_2008

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