Remodeling Can Pay Off Martinsburg WV

Smart home improvements can make your home more valuable.

Local Companies

McCoy Home Improvement
304.258.5908
105 George Lane
Berkeley Springs, WV
Scenic View Deck & Patio, Inc.
240-329-4990
1829 Howell Road #1
Hagerstown, MD
Total Remodeling Systems
540-678-3700
788 Baker Lane
Sussex, VA
Bath Masters
(540) 888-9077
Martinsburg, WV
Crestwood Constrcution Co
(304) 264-0800
146 Warm Springs Ave
Martinsburg, WV
Schuco Homecraft
(304) 623-3758
315 W Stephen St
Martinsburg, WV
Creative Home Improvements Inc
(304) 623-5740
Mount Clare, WV
Dan's Painting Remodeling & Repair
(304) 548-4000
Clendenin, WV
Appalachian Service Project
(304) 732-7621
Brenton, WV
Decks-R-US
(304) 732-6523
S Highway 10
Pineville, WV

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

McCoy Home Improvement

304.258.5908
105 George Lane
Berkeley Springs, WV

Related Articles
- Remodeling Hints Martinsburg WV
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.
- Making Your Home Energy Efficient Martinsburg WV
- Tips to add value to your home Martinsburg WV
- Remodel Your Home for Maximum Wow Martinsburg WV
- Home Improvement: Adding value to your house before you sell Martinsburg WV
- Renovate to enhance resale value Martinsburg WV
- Move or Remodel: How to Get the Home of Your Dreams Martinsburg WV
- Home staging -- easy ideas to do it yourself Martinsburg WV
- Staging a home on a budget Martinsburg WV
- Home Renovations That Pay Martinsburg WV
Related Articles
- Remodeling Hints Martinsburg WV
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.
- Making Your Home Energy Efficient Martinsburg WV
- Tips to add value to your home Martinsburg WV
- Remodel Your Home for Maximum Wow Martinsburg WV
- Home Improvement: Adding value to your house before you sell Martinsburg WV
- Renovate to enhance resale value Martinsburg WV
- Move or Remodel: How to Get the Home of Your Dreams Martinsburg WV
- Home staging -- easy ideas to do it yourself Martinsburg WV
- Staging a home on a budget Martinsburg WV
- Home Renovations That Pay Martinsburg WV
Related Local Events
Suburban Maryland Spring Home Show
Dates: 3/12/2010 - 3/14/2010
Location: Discovery Sports Center at Maryland SoccerPlex
Germantown, MD
View Details

Heritage Christmas Home Decorating and Lighting Contest
Dates: 12/12/2009 - 12/12/2009
Location: Downtown Greencastle
Greencastle, PA
View Details

Annual Tree Lighting
Dates: 11/20/2009 - 11/20/2009
Location: the Square
Greencastle, PA
View Details

Suburban Maryland Fall Home Show
Dates: 9/11/2009 - 9/13/2009
Location: Discovery Sports Center at Maryland SoccerPlex
Boyds, MD
View Details

Suburban Maryland Fall Home Show
Dates: 9/11/2009 - 9/13/2009
Location: Discovery Sports Center at Maryland SoccerPlex
Germantown, MD
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