If there is a remodel in your future, this is a must read.

Let's talk about remodeling. 

There are a handful of reasons people remodel their homes. Maybe a family requires a change in the shape and stage of their home, or they may want to get more enjoyment out of their home so changes are needed to do so. If home owners are not planning on staying in their home for the long haul, they may be trying to get more equity in the home, or they may be trying to impress potential buyers or bring in higher offers.

Whatever the reason, there are smart ways to look at a remodel. In a recent Remodeling Impact Report by the National Association for Realtors, it tells home owners who are looking to sell their home that there are a handful of remodeling projects that appeal most to potential buyers. 

The most desirable indoor projects are:

1. complete kitchen renovation

2. kitchen upgrades

3. bathroom renovations

4. new flooring

However, the interior projects that yield the largest financial return upon the home's resale are:

1. hardwood floor refinishing (one can usually recover 100% of project costs)

2. new wood flooring (about 91% of costs can be recovered)

3. insulation upgrades (76% of costs will be recovered)

4. Bathroom renovations yield the smallest financial recoup, at resale time. About 50% of project costs can be recovered.

According to the report, when the remodel or renovation goes outdoors, the exterior projects that are the most appealing for potential home buyers are: 
1. new roofing

2. new windows

3. a new garage door

4. new vinyl siding

The study also shows that new roofing recovers about 109% of the cost of the new roof when the home is resold. 

Exterior remodeling projects help with curb appeal and the first impression to potential buyers. They can also be extremely satisfying for the home owner as well. 

If you have a remodel on your mind, keep these study results in mind. They may help you direct your efforts where they are best appreciated.

Brought to you by Heath @ HeathsHomes.com