Posts Tagged ‘basement remodel’

Upgrades That Still Deliver The Best Return On Your Investment For 2010

Tuesday, August 17th, 2010

Getting The Most Bang For Your Buck!

Remodeling is a better investment in some years than others.  This year has been among the worst if you’re hoping to recoup much money when you sell.  Homeowners are getting back just 64%, on average, of a project’s cost, compared with 87% in 2005, according to Remodeling Magazine’s 2009-2010 Cost vs. Value report.

Some projects pay back better than others.  You get more bang for the buck putting money into a basement or attic upgrade than adding a wing to the house.  Some of the highest-return projects include a deck addition and quick, conservatively priced replacements of old siding, entry door or windows.

Job Cost Resale Value Cost Recouped Project Job Cost Resale Value Cost Recouped
$49,476 $37,992 76.8% Attic Bedroom $49,346 $40,992 83.1%
$62,070 $40,447 65.2% Basement Remodel $62,067 $46,825 75.4%