Remodeling Can Pay Off Belvidere IL

Smart home improvements can make your home more valuable.

Local Companies

Menards
(309) 762-4618
4100 10th Street Dr
Moline, IL
Black Diamond Painting & Remodeling
(708) 755-7607
2843 Chicago Rd
South Chicago Height, IL
Bill's Home Repair
(847) 742-6360
Saint Charles, IL
Ashlaur Construction
(773) 651-1900
509 E 75th St
Chicago, IL
Sunroom Creations
(847) 923-1245
902 Albion Ave
Schaumburg, IL
Rapid Maintenance & Repair
(847) 882-9590
1255 Mayfield Ln
Hoffman Estates, IL
Kiser Home Improvement
(309) 788-2443
Rock Island, IL
Calumet Paint & Wallpaper
(708) 371-2240
12120 Western Ave
Blue Island, IL
Excel Investments
(630) 243-1334
15601 132nd St
Lemont, IL
Spruce It Up Home Improvement
(708) 423-2432
Oak Lawn, IL

provided by: 

A major home remodeling project can be a great investment. In fact, some types of projects in certain regions of the country can recapture more than 100 percent of the cost by making your home more valuable.

A recent report in Remodeling magazine revealed the national and regional average costs and percentage returns of popular home remodeling projects. The averages, which are given for upscale and mid-priced projects, are good relative indicators of which home improvements may be good choices for homeowners who want to recoup their costs. These figures shouldn’t be taken as a guarantee of a specific return on an individual project, however.

Top payoffs vary among U.S. regions
Four mid-priced remodeling projects returned more than 100 percent of the cost, on average, in the Pacific region. Those projects were a minor kitchen remodel, bathroom remodel, wood window replacement and addition of a second story. Remodeling was a very good investment in the Pacific region, where every upscale and mid-priced project on the list recouped a higher return on average than the national average for the same project.

The top mid-priced remodeling project in the New England region was the replacement of vinyl siding, which returned more than 94 percent of the cost through a higher home valuation. The same project topped the list in the Mid-Atlantic region as well with an average return of 92 percent of the cost.

Three mid-priced projects recaptured slightly more than 90 percent of the cost in the South Atlantic region. Those projects were an attic bedroom remodel, basement remodel and the addition of a second story.

 

Vinyl siding replacement also topped the list of returns on mid-priced remodeling projects in the East North Central region and the East South Central region, with a return of 81% for the former and 105% for the later.

Home offices offer least return on average
A remodeled home office might be a great boost for a home-based business, but this project offered the least attractive average return of any remodeling project on a national basis. The average cost of a mid-priced home office remodel was $20,057 and the average return on that cost was $12,707, or only 63 percent. The home office was the lowest-ranked project on this scale nationally in 2005.

Lifestyle should trump investment potential
Regardless of the return on investment, a home remodeling project should be a personal choice that is unique to you and your home. While the likely increase in the value of your home as a result of improvements is worth consideration, remodeling should suit your needs as well as your lifestyle.

 

Published on May 30, 2007

Read full article at realestate.com

Featured Local Company

Jim's Handyman & Remodeling

815-757-0643
102 w. south st
creston, IL

Related Articles
- Remodeling Hints Belvidere IL
If you’re selling your home, you’re not just competing against the house down the street anymore. You’re mixing it up with desperate new-home builders with pockets deeper than yours, banks willing to sell foreclosed homes at a loss, and buyers who know that sellers are at a disadvantage. You definitely need an edge.
- Remodel Your Home for Maximum Wow Belvidere IL
- Making Your Home Energy Efficient Belvidere IL
- Tips to add value to your home Belvidere IL
- Home Renovations That Pay Belvidere IL
- Staging a home on a budget Belvidere IL
- Home Improvement: Adding value to your house before you sell Belvidere IL
- Renovate to enhance resale value Belvidere IL
- Move or Remodel: How to Get the Home of Your Dreams Belvidere IL
- Home staging -- easy ideas to do it yourself Belvidere IL
Related Articles
- Remodeling Hints Belvidere IL
If you’re selling your home, you’re not just competing against the house down the street anymore. You’re mixing it up with desperate new-home builders with pockets deeper than yours, banks willing to sell foreclosed homes at a loss, and buyers who know that sellers are at a disadvantage. You definitely need an edge.
- Remodel Your Home for Maximum Wow Belvidere IL
- Making Your Home Energy Efficient Belvidere IL
- Tips to add value to your home Belvidere IL
- Home Renovations That Pay Belvidere IL
- Staging a home on a budget Belvidere IL
- Home Improvement: Adding value to your house before you sell Belvidere IL
- Renovate to enhance resale value Belvidere IL
- Move or Remodel: How to Get the Home of Your Dreams Belvidere IL
- Home staging -- easy ideas to do it yourself Belvidere IL
Related Local Events
McHenry County Home Show
Dates: 3/6/2010 - 3/7/2010
Location: Holiday Inn Crystal Lake
Crystal Lake, IL
View Details

Chicagoland Home & Energy Expo
Dates: 3/13/2010 - 3/14/2010
Location: Renaissance Convention Center, Schaumburg
Schaumburg, IL
View Details

Snow Angels Craft & Cookie Shoppe
Dates: 12/5/2009 - 12/5/2009
Location: Redeemer Lutheran Church, Woodstock
Woodstock, IL
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History