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Remodeling Can Pay Off Pennsylvania

Smart home improvements can make your home more valuable.

Local Companies

Papillon & Moyer Excavating & Paving
(570) 421-4585
816 North 9Th St.
Stroudsburg, PA

D.R. Miller Home Improvements
570-350-4553
1540 Olympic Way
Effort, PA

Carpet Store, The
(814) 368-5050
9 E. Washington Street
Bradford,, PA

Monagos Floor & Wall Covering
(814) 368-3923
70 Mechanic Street
Bradford,, PA

Valley Quarries
717-267-2244
297 Quarry Road
Chambersburg, PA

Belle Jardin Garden Scapes
(240)-344-7816
280 Feaster Road
Greencastle, PA

Habitat for Humanity
717-267-1899
23 North Third Street
Chambersburg, PA

S & A Homes
717-352-7791
2966 Philadelphia Avenue
Chambersburg, PA

Caledonian Kitchen & Bath LLC
215-836-5150
1616 Bethlehem Pike
Flourtown, PA

The Basement Remodeling Company
717-574-2598
3536 March Drive
Camp Hill, PA

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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

Papillon & Moyer Excavating & Paving

(570) 421-4585
816 North 9Th St.
Stroudsburg, PA
http://www.papillon-moyer.com

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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