Remodeling Can Pay Off New Britain CT

Smart home improvements can make your home more valuable.

Local Companies

Estimate-s.com
1-888-337-3367
Pavano Dr.
Plainville, CT
Stefano Construction
860-463-3829
52 Black Birch Rd
Wethersfield, CT
Connecticut Screen Works, Inc.
(203) 741-0859
121 North Plains Industrial Road
Wallingford, CT
CASE Handyman & Remodeling
203-269-1576
40 SuiteA North Plains Industrial Rd.
Wallingford, CT
Burr Mountain Construction, LLC
(860) 601-5908
984 Burr Mountain Road
Torrington, CT
New England Remodeling Llc
(860) 826-9037
111 Streamside Ln
New Britain, CT
Dingwell Designs Llc
(860) 229-8600
273 Country Club Rd
New Britain, CT
Baroni Albert
(860) 225-6547
130 Belmont St
New Britain, CT
Zygmunt Painters
(860) 225-3585
New Britain, CT
Guay Gregory G Construction
(860) 348-9586
New Britain, CT

Remodeling Can Pay Off

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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

Estimate-s.com

1-888-337-3367
Pavano Dr.
Plainville, CT

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