Monday, July 18, 2011

Cost vs. Value for Remodeling Projects

Which remodeling project would be the wiser investment:  adding a sunroom or replacing your garage door?  According to Remodeling Magazine's 2011 Remodeling Cost vs. Value report, the national average return on investment for a sunroom addition is 48.6%  vs. a whopping 83.9% return on investment for swapping out your garage doors.

In today's housing market many folks are deciding to stay put and invest their money in their homes.  There are many reasons that people remodel.  Some need more space, others are tired of staring at dated carpets and cabinets, damaged areas of your home are ripe for a remodel, and still others are looking to increase the value of their home for when they are ready to sell.  Yet not all remodeling projects yeild the return on investment that homeowners are hoping for. 

Cost vs. Value percentages vary throughout the nation.  To find out what projects yeild the greatest return on investment in your area, go to Remodeling Magazine's 2011 Remodeling Cost vs. Value Report with interactive features.

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