How much will your next remodeling project increase the value of your home?
Did you know a minor kitchen remodel will allow you to recoup an average of 79.3% of the costs? According to studies, a minor kitchen remodel will cost an average of $19,226 and increase the resale value of your home by $15,255, thus letting you recoup 79.3%.
If you’re like most homeowners, you want to know if your next remodeling project will not only add to the comfort of your home but at the same time increase the amount of money you can get for your home when you decide to sell it in a couple of years. Upgrading your home will naturally add to its value, however, certain remodeling projects are worth more money than others. On average, replacing vinyl siding allows you to recoup 80.7% of the costs while a two-story addition lets you recoup 64.1%. By remodeling in the same style as the rest of the house as well as the neighborhood, you’ll also get the most value out of your remodeling dollars.
To make it easier to know what you need to be aware of when remodeling, check out the Infographic below. This way you can remodel the smart way.
Infographic Created By: ContractorQuotes.us