Greater Columbia, Chapin, Irmo, Lexington and Lake Murray.

Monday, October 22, 2007

5 Remodeling Projects with the Biggest Payback

Not all home improvement projects are created equally, with some adding more value than others when it comes time to sell. It makes sense to consider your return on investment (ROI) when considering a home improvement project.

The five projects I've listed here have a typical job cost of less than $20,000. The information is from The 2006 Cost vs. Value Report (a combined effort by Remodeling magazine and REALTOR® Magazine). The home improvement projects with best return on value (South Atlantic Region):
  • Vinyl Siding Replacement - Average ROI 89.3%
  • Minor Kitchen Remodel - Average ROI 89.1%
  • Bathroom Remodel - Average ROI 86.8%
  • Window replacement - Average ROI 83.5%
  • Deck addition - Average ROI 83.1%
Lowes Summary Report * Remodeling Cost vs. Value Report
To help you get started, I've included a link on my website for you to obtain a 10% coupon (I have membership in the Lowe's Realtor Benefits Program).

Considering SELLING? Contact Mel Coker for a FREE Market Analysis.

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