For the past few years, I’ve decided to post this blog on bang for your buck remodeling. It’s a way to add value to the homeowner and most folks I know are tinkering with some home project, for one reason or another. The report, Key Trends in the 2018 Cost vs. Value Report is a good resource, targeted per region in the US. It comes out every year.
The report’s goal is to give homeowners objective reporting on how much it costs for a professional (not DIY) to complete a project and then how much real estate professionals believe the project will increase a home’s value if it is sold within a year of project completion. The report calculates bang for your buck by dividing the project’s value into its cost. It also compares projects that yielded great gains from the previous year and forecasts if the same value will be gained this year.
Nationally, the top high value projects include:
http://www.remodeling.hw.net/cost-vs-value/2018/
- Garage Door Replacement (this adds tremendous curb appeal value and to the buyer viewing your home, and is a reflection of how well the property is taken care of)
- Stone or other Veneer on the Outside of the Home
- Deck Addition
- Minor Kitchen Remodel
- Siding Replacement (again, think curb appeal)
- Bathroom Remodel
- Window Replacement (you’d be surprised what a lift this provides)
To view what projects are the most bang for your buck and return on investment in the Denver Metro Area, you can simply click on the link above and view Mountain Region, Denver Metro. You do have to enter some information so if you don’t feel like doing that, reach out to me and I will send you the report!
