Top 5 Remodeling Projects with the HIGHEST return on investment
Merchant Circle
1. The Kitchen - Whether it's a major overhaul or a simple makeover, putting a fresh face on your kitchen is your best investment. A major update could cost more than $20,000, but you can expect at least an 85 percent return.
2. The Bath - An outdated bathroom can quickly spoil a sale, and it won't be a pleasant space for you, either. Current trends of large showers instead of space-hogging garden tubs may serve you well, as will attention to classic features rather than unusual color schemes. A major update could cost less than $20,000, but yield an 84 percent return.
3. Decks- A new deck can cost a few thousand to tens of thousands of dollars, depending on size and materials used. Before you build, look at other homes in your area and build accordingly. If the deck is in good shape, your return could be more than 80 percent.
4. Siding - If your home's façade is siding and it's not in good shape, replacing or repairing the siding can bring instant freshness. You'll likely spend at least $10,000, but you should get at least 80 percent back.
5. Window replacement - The energy efficiency of new windows is a clear benefit to switching out older windows, but in some cases, it's a safety feature, too. Costs depend on the number of windows you're replacing, of course, and the type. Expect a return on your investment of at least 80 percent. Some of our vendors like Harvey Building Products are offering some fall promotions http://www.harveybp.com/fall_promotion.aspx we can help you with..
Remodeling Magazine
1. Entry Door
Replace an entry door with a steel model. At a cost of $1,353, the project offers a 128 percent return on investment and actually features a resale value of $1,732. The national average offers a 128.9 percent return.
2. Kitchen Remodels
The emphasis is on 'minor' and as long as the cost does not top $23,210, the return on investment is almost 95 percent. This far exceeds the national average which currently sits at 78.3 percent. Keep in mind that this is one of the home improvement projects that are currently waning in popularity across the nation.
3. Siding Replacement
Switch out existing siding with fiber cement. Spend about $13,759 and Pacific coast states home owners can expect a 92 percent return on investment. The rest of the nation only sees about 84 percent.
4. Basement Remodel
While Californians do not always have basements in their homes, those Pacific coast homeowners whose homes do feature them should consider remodeling. Keep the costs under $74,974 and the recouped cost may be as high as 91.6 percent. This is a rising trend nationwide, even though the national average sits at only 75 percent at this time.
5. Deck Addition
Make it a wood deck that costs no more than $12,838, and the homeowner may expect a 91.5 percent return on investment. This beats the national average of 81 percent. Californians might want to add termite treatments to the job
