Wondering what projects pay off when you plan to sell your home and are considering remodeling? Recouping costs varies from state to state and city to city.
In the Seattle area, you'll get more bang for your buck with mid-range projects versus upscale remodels for your kitchen and baths:
On average, minor and major mid-range kitchen projects net you 75% when selling your home. This includes: replacing cabinet fronts and hardware; matching, new energy efficient appliances; replacing laminate counter tops (granite versus Corian but there are plenty of options); a mid-priced sink and faucet; and flooring.
An upscale kitchen remodel only gives you a 64% return.
A mid-range bath remodel gives you back about 70% and if you choose an upscale approach, you'll get about 64% back.
When putting your home on the market, your best dollar spent is a mid-range entry door; it gives you a 108% return in Seattle. Curb appeal is important and your front door is pretty much the first impression.
The national average is 102%.
Seattle home buyers choose a basement remodel as second place with a 79% return; nationally second place goes to a new garage door.
The garage door is third in Seattle netting you close to 79%.
And although new windows only get you a 70-72% return in Seattle, buyers really look at the windows when considering their purchase. Vinyl replacement gives you a little higher return over wood.
This information is gathered from the "Remodeling 2010-11 Cost vs. Value Report" (www.costvsvalue.com).
Broker / Realtor ®