Has the new year prompted you to take a fresh look at some of the eyesores in your home? Maybe you’re itching to replace those drafty windows, or eager to install a spiffy new deck so you can finally accommodate all your friends when the weather warms up.
But according to Jennifer Kelly Geddes, a contributor to Realtor.com, jumping into a home remodeling project isn’t for the faint of heart, especially since you’ll want to make sure you can recoup a good part of your investment when it comes time to sell. To help you pinpoint the right projects, Remodeling magazine has just released its annual Cost vs. Value report. The report highlights how much various projects cost, plus their return on investment.
To come up with their 33rd edition of this report, researchers took a look at the top 22 home renovation projects in 101 metropolitan areas across the country. The report lists the cost of each renovation, the value of the project at resale (based on estimates by real estate professionals), the percentage of the project’s cost you can expect to recoup, and whether that value has increased or dropped from last year.