Remodeling can be a great way to add value to your home or real estate investment, but not all improvements are the same. Some definitely can provide more bang for your buck when it comes to overall value. For instance, exterior projects that add curb appeal routinely have been shown to be great investments for your home. 2012 is no different as REALTORS® have recently ranked exterior improvements among the most valuable home investment projects in their Remodeling Cost Vs Value Report.
“This year’s Remodeling Cost vs. Value Report shows the value of putting your home’s best façade forward, so to speak,” said National Association of REALTORS® President Moe Veissi. “Inexpensive exterior replacement projects are not only crucial to a home’s regular upkeep, but are also expected to recoup close to 70 percent of costs. Specific exterior projects such as siding, window and door replacements are part of regular home maintenance, so many homeowners are already undertaking them. These projects also do not require expensive materials and they have the added bonus of instantly adding curb appeal.”
According to the Cost vs. Value, 7 of the top 10 most cost-effective projects nationally in terms of value recouped are exterior replacement projects, with an estimated 78 percent of costs recouped upon resale.