Whatever remodeling dreams you have, many projects are able to offer real-life payoffs when the time comes to sell your house. Even if you're not going to be selling the home any time soon in the near future, it never hurts to make sure that you keep the value of your home in mind for when you do. Here are some things to consider when it comes to planning home improvement projects.Remodeling Magazine publishes a yearly annual cost versus the value report that is able to compare the cost for many popular remodeling projects to the amount that the projects are able to bring back to the table when the home is sold. According the report, these projects all deliver less than 100% when it comes to the returns that they give, although some are close to making it to this number.
According to the survey, projects that kept the most value over time were replacing the entry doors and remodeling the basement of the home. While these might not be the first ones that you want to do, they are able to bring back the most amount of the cost when it comes to selling the home. Replacing the siding on the home with fiber cement siding is also another thing that scored high, with replacing the garage door tailing behind it.
And the amount you spend on a particular type of project makes a difference, too. Low- and middle-range priced projects are able to hold their value better than pricier remodels that can be done. Even if you did a major upscale kitchen project and spent a lot of money, a smaller remodel in the same kitchen with less money spent will return more of a profit when it comes to selling the property.Every home in every area is different, but real estate professionals all agree that if you have to choose between either an interior or exterior upgrade, always go with the exterior first to boost your home's curb appeal while you raise its value. The professionals at Quarve are able to offer youa variety of services that can do that for your home, since we are a Minneapolis and St. Paul MN full-service exterior home remodeling contractor. For a free consultation, call us today at (763) 785-1472.
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