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Home sellers or rehabbers who are considering a move   should focus their efforts on the home exterior for the highest pay back.

Remodeling Magazine, in cooperation with Realtors in 65 markets, issue their 20th Annual report of “Cost versus Value”.  The report named 6 home improvements that return greater than 80% of the cost, and of the 6, only one featured an interior upgrade.

The 6 improvements with the greatest returns are:

1. Siding Replacements using fiber cement materials returned 88.1% of the cost.
2. Wood Deck Addition returned 85.4% of the cost.
3. Midrange Vinyl Siding Replacement 83.2%.
4. Minor Kitchen Remodel return 83%.
5. Midrange Wood Window replacement 81.2%.
6. Upscale Vinyl Siding 81%.

Projects at the bottom of the cost recovery scale included home offices (57%), back up power generator (58%) and adding a mid-range sunroom (59.1%).

The remodeling report results verifies our belief that curb appeal is a crucial element for sales success in today’s real estate market.  

In a highly competitive environment, home sellers should take an objective look at their house from the street to determine if the look is one that welcomes or turns buyers off.

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This entry was posted on Tuesday, May 27th, 2008 at 4:03 pm and is filed under Home Improvements, Improve Curb Appeal, Selling Your Home. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.