Want to know where to put your money in doing a rehab project? Aside from obvious needs presented by the property, not all remodeling, replacement, or renovation projects produce the same return when selling the property. According to Remodeling Magazine, here are the ten best return rates as included in their 2014 report:
1) Front Door Replacement (Steel) 96.6%
2) Deck Addition/Upgrade 87.4%
3) Attic Bedroom Addition 84.3%
4) Garage Door Replacement 83.7%
5) Minor Kitchen Remodel 82.7%
6) Replacement Windows (Vinyl/Wood) 78.7%/79.3%
7) Siding Replacement 78.2% Basement Remodel 77.6%
9) Major Kitchen Remodel 74.2%
10)Bathroom Remodel 72.5%
Interesting, and of particular note is that #1,4,6,& 7 are all projects that relate primarily to curb appeal. Hope this helps you with some of your rehab decisions.
Want to know where to put your money in doing a rehab project? Aside from obvious needs presented by the property, not all remodeling, replacement, or renovation projects produce the same return when selling the property. According to Remodeling Magazine, here are the ten best return rates as included in their 2014 report:
1) Front Door Replacement (Steel) 96.6%
Basement Remodel 77.6%
2) Deck Addition/Upgrade 87.4%
3) Attic Bedroom Addition 84.3%
4) Garage Door Replacement 83.7%
5) Minor Kitchen Remodel 82.7%
6) Replacement Windows (Vinyl/Wood) 78.7%/79.3%
7) Siding Replacement 78.2%
9) Major Kitchen Remodel 74.2%
10)Bathroom Remodel 72.5%
Interesting, and of particular note is that #1,4,6,& 7 are all projects that relate primarily to curb appeal. Hope this helps you with some of your rehab decisions.
Dallin Wall
Real Estate Training Team
Forum Blog Location--A collection of my
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