Getting More Cash Out Of Your Rehab Deal!

Getting More Cash Out Of Your Rehab Deal!

I read a great article that had some great money making ideas to help with rehabbing a property to make great money! I took just a small part of it that really stuck out to me and included it in this forum. I’m glad that there are so many people out there smarter than me willing to teach me like this article, if I’m just willing to learn and have an open mind.
I hope you find this helpful.
By The Street | Zillow – Wed, Sep 5, 2012 6:34 PM EDT
Guess which has most return on value?

According to the report, seven of the top 10 most cost-effective projects — nationally, in terms of value recouped — are exterior replacement projects. It deemed fiber-cement siding replacement as the project expected to return the most value, with an estimated 78 percent of costs recouped upon resale.
• Vinyl siding projects were expected to return more than 69 percent of costs.
• Steel entry door replacement was the least expensive project in the report, costing little more than $1,200 on average, and was expected to recoup 73 percent of costs.
• Garage door replacements have seen prices fall more than 15 percent nationally and can be expected to return more than 71 percent of the cost.
• A "midrange attic bedroom" is expected to return 72.5 percent of costs upon resale, in part because it is "the least expensive way to add a bedroom and bathroom within a home's existing footprint."
• A minor kitchen remodel (budgeted at roughly $20,000) is expected to recoup 72.1 percent of costs.
• A wood deck addition is expected to make back 70.1 percent of its price tag.
• Among the least cost-returning projects are a sunroom addition and home office remodeling, both estimated to recoup less than 46 percent of what they cost.
Where you live can affect the return on these renovation investments, and the value of specific projects can vary region by region.

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mwalton,

Thanks for sharing this article. These tips are great to maximize the most out of a rehab. Believe and Achieve! Smiling - Joe

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thanks for sharing

Coach,

curb appeal, curb appeal, curb appeal! of course, after location, location, location! Smiling

and don't forget the 'inexpensive' way to spruce up the front entrance of the properties with some landscaping Smiling

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Valerie

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