MA homeowners should figure out the actual change in property value compared to the cost of particular renovations before performing any repairs. Some projects are more effective than others. The following are recommendations on MA home repairs that increase property values.
MA Home Repairs That Increase Property Values
Home owners often aim to redeem the entire amount of money spent onrenovations upon the sale of their home. This is a natural expectation, but unfortunately, it is not generally what occurs. Different home renovations add different values, and that change in value can vary based on location. To obtain an overview on home repairs that increase property values, below are some national figures.
Repairs and National Averages
The figures below were obtained from the Remodeling Magazine Cost vs. Value Report.
|Improvement||Amount Spent||Added Home Value||Percentage of Cost Returned|
|Home Office Remodel||$27,963||$11,983||42.9 percent|
|Garage Door Replacement||$1,512||$1,087||71.9 percent|
|Sunroom Addition||$74,310||$34,133||45.9 percent|
|Minor Kitchen Remodel||$19,588||$14,120||72.1 percent|
|Vinyl Window Replacement||$11,319||$7,692||68 percent|
EvaluatingHome Repairs That Increase Property Values
Another factor affecting the value of renovations is whether it is a mid-range or up-scale project. Kitchen repairs, for instance, can be performed using different quality materials resulting in a different ending figure. So, not only might you consider the area of renovation but also the amount of money to spend. For a complete list of house repairs and up to dateMA home repairs that increase property values, visit http://www.costvsvalue.com.