Bang for Your Buck Remodeling 2019

Posted by Lindsey Friedman on Monday, April 1st, 2019 at 11:00am.

Lindsey Friedman - Realtor - Colorado Home Realty

I am suffering from a bit of post-remodel stress disorder this year. We moved into our newly renovated home in April of 2018 and there are still things to be done. Unlike the typical HGTV fixer upper show, we were over budget and did not finish the master suite. That’s an upcoming fall project.

 Every year I post a blog on “Bang for your Buck” remodeling ideas. It’s a way to add value to the homeowner and the truth is most folks I know are tinkering with some home project, for one reason or another. The report, Key Trends in the 2019 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.

This year’s top value-add improvements for the Denver Metro area include:

  • Window replacement—windows often get called out during inspection—whether they need to be replaced or fixed. These can be high-ticket items that could make or break a home sale
  • Minor kitchen remodel—change out your countertop material, backsplash, sink. Refurbishing/painting the cabinets with new hardware are some examples.
  • Deck addition—wood or composite
  • Garage door replacement—eyes automatically go to the garage door when the potential buyer pulls up in the driveway.

On the flip side, what are the projects with the worst returns? For general trends, read here https://www.remodeling.hw.net/cost-vs-value/2019/ Then get more specific in the drop down menu with region—Mountain—Denver https://www.remodeling.hw.net/cost-vs-value/2019/mountain/denver-co/

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