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Welcome Home Magazine
79 Spyglass Drive
Littleton, Colorado 80123-6657
Phone: (303) 797-8400
Email: jim@welcomehomemag.com
Copyright 2008 Welcome Home Magazine

Will Your Remodeling Project Pay Off?
There are financial factors to consider before you choose a home improvement project and smart homeowner’s will consider resale value before making a major remodeling investment. Each year REMODELING magazine publishes a study that can help homeowners determine the return on investment for their home improvement projects.
This Cost vs. Value Report contrasts the cost of home improvements with their recouped value if the house is sold today. They compare construction costs for several projects, with estimates of the projects’ value in a current market resale scenario. Real estate professionals in residential markets across the country provided return-on-investment estimates.
Landscaping and fresh paint may lure house hunters inside, but once in the door, buyers of existing homes look for functionality, durability, and convenience. That’s why it’s so important for a resale to be modernized.
Kitchens and baths are among the most popular home improvement projects, which can drive the return on investment. Reports often show that many remodeling dollars are spent within the first two years of move in. Under those circumstances repair and replacement projects such as windows or siding may get first attention if they require maintenance. As the housing stock ages, and existing homes continue to sell more than 6 million units a year, those projects may see an increased return on investment. To perform as an amenity, your homes improvement projects should complement and match the style of the existing property.
The resale value of each project is an estimate based on a current market resale scenario. This can be misleading because many newly remodeled homes are not put on the market so soon.
Smart homeowners will ask many questions before starting any remodel or home improvement project. Get advice from both realtors and contractors to decide which home improvement projects make sense for your special circumstances and to insure you get the greatest return on your investment.
Information provided by Remodeling magazine Cost vs. Value Report.Visit: www.remodelingmagazine.com