Cost vs Value in Remodeling to Sell Home
What are the most cost effective ways for sellers to improve the value of their home to sell?
- Lower cost projects tend to return a greater value. Replacing a front door or garage door are among the least expensive projects to tackle in remodeling. You can recoup 100% of your cost for a front door replacement and at least 80% for a garage door.
- First impressions are important. Replacements that are the most obvious to buyers offer a greater payback. You can recoup at least 80% with replacing the siding on your home.
- Kitchens still offer the biggest bang for your buck. You can perform minor kitchen remodels that will garner you at least 80% payback.
Region of the country, updates that are typical for the neighborhood and importance to a particular buyer factor in, but these items are a starting point in a discussion with buyers and sellers about the cost and value of remodeling.
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