Cost vs. value for your home remodel

Cost vs. value for your home remodel

BY Theresa Ulrich On

The most cost effective way for homeowners to increase the value of their home is with smaller replacement projects. According to the 2015 Cost vs. Value report, Large scale remodeling projects are not likely to return the sellers full cost. As a general rule, simpler and lower cost projects tend to have a larger return on investment. According to REALTOR® Magazine Replacing the front door of the home would return more than 100 percent of its cost. Other projects expected to have 100 percent payback include: the mid-range garage door replacement, the upscale garage door replacement, the mid-range wood window replacement, and the minor kitchen remodel. replacement projects will cost less and provide a bigger payback than remodels or additions.

Homeowners interested in a kitchen remodel can also look forward to increasing the value of their home. the minor Kitchen remodel can offer the a high return on the cost. According to REALTOR® Magazine, “The only remodeling job breaking into the top 10 in terms of payback is the minor kitchen remodel with national average payback of 79.3 percent.”

The best remodeling projects with big pay offs for 2016 are replacement projects, especially those that increase curb appeal. In addition minor kitchen remodels will also increase value, quality and appeal of the home.

KGT Remodeling, the six-time Sand Dollar Award winning firm and 2015 CBIA Remodeler of the Year, is a licensed and insured residential remodeling company located in Naples Florida with over 45 years of experience.

For more information on KGT Remodeling or to receive a free consultation, call 239-992-2300 or visit online at www.kgtremodeling.com.