Realtors and most HGTV watchers know that updated kitchens and baths sell homes. But what about other projects? If you have some money to reinvest back into your home, and are considering which projects will give you the most bang for your buck, take a look at Remodeling magazine’s annual Cost VS Value report. They compare the average cost for 35 of the most popular remodeling projects with the value that those projects retain at the time of resale.
In the DC Metropolitan area, some of the top performers are: replacing your front door with a steel door (for midrange homes), replacing windows with new, energy efficient vinyl windows; and replacing garage doors.
The magazine seems to indicate that you may not recoup every penny you put into your project, but as a Realtor and former property flipper, I will tell you that you CAN earn back your investment — even profit–from certain repairs. The trick is to know which items to improve, and to what extent. Not sure what those are? Invite a Realtor into your home to get their advice. Or ask me in the comments section and I’ll give you my opinion.