Christian Real Estate Blog

2006 - What Home Improvements add the most Value?

In 2004 we wrote a post on what home improvements add the most value.

I thought I'd post an update on what the NAR considers to be the best home improvements this year:

1. Upscale siding (new fiber cement) replacement.
Average payback: 103.6 percent of cost
Estimated job cost: $10,393 for 1,250 square feet
National average resale value: $10,771

2. Midrange bathroom remodel.
Average payback: 102.2 percent of cost
Estimated job cost: $10,499
National average resale value: $10,727

3. Minor kitchen remodel.
Average payback: 98.5 percent of cost
Estimated job cost: $14,913
National average resale value: $14,691

4. Midrange siding replacement.
Average payback: 95.5 percent of cost
Estimated job cost: $7,239
National average resale value: $6,914

5. Attic bedroom remodel.
Average payback: 93.5 percent of cost
Estimated job cost: $39,188
National average resale value: $36,649

You can see the original article here

posted by Justin Smith @ 7/26/2006 11:39:00 AM