Calculating the return on your home improvement investment


Calculating the return on your home improvement investment
By Scott Rogers • December 19, 2008
Remodeling Magazine has released their 2008-2009 report comparing the cost of a variety of home improvement projects as compared to the added value of each renovation. The projects that they analyze include: basement remodel, bathroom addition, deck addition, master suite addition, window replacement, and many more. Drum roll please... The highest return on investment (as a national average) is a deck addition (80% return on investment), and the lowest return is on a home office remodel. Learn more... You can download a full report of the data on a city-level (the closest city to us is Richmond, VA) here. © 2008 Hanley Wood, LLC. Reproduced by permission. Complete city data from the Remodeling 2008–09 Cost vs. Value Report can be downloaded free at www.costvsvalue.com. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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