How to Increase Your Bowie House Value.
The Five Remodeling Project with that Offer the Biggest Returns.
Remodeling Magazine each year they take a look at the most popular remodeling project and gauges how these project retain their value at resale. For 2014 below are the top remodeling projects that yields the highest return for the sellers and don't forget that the seller enjoyment of the remodel projects cannot be quantified in dollars. So while sellers will get more bang for the amount invested, they also get to enjoy while still leaving in the house.
If you are considering selling your Bowie house in the next six month or more and will like to increase it's value , you may consider some of these projects.
For mid-range projects, here are projects that retain their value by the highest rates, according to national averages:
1. Entry door replacement (steel)
Estimated job cost: $1,162
Estimated resale value: $1,122
Cost recouped: 96.6%
2. Deck addition (wood)
Estimated job cost: $9,539
Estimated resale value: $8,334
Cost recouped: 87.4%
3. Attic bedroom
Estimated job cost: $49,438
Estimated resale value: $41,656
Cost recouped: 84.3%
4. Garage door replacement
Estimated job cost: $1,534
Estimated resale value: $1,283
Cost recouped: 83.7%
5. Minor kitchen remodel
Estimated job cost: $18,856
Estimated resale value: $15,585
Cost recouped: 82.7%
For more information and additional remodeling you can do to get more bang for your buck check out the Magazine “2013-14 Cost vs. Value: Remodeling Pays Off Big Time.
If you are looking to sell your Bowie house call me for a free market analysis of your home's current value in Bowie. If you are looking to buy a house in Bowie, I'd be happy to give a free consultation, of what homes are available for sale in Bowie.
Keji Ogunleye , Associate Broker - Licensed in Maryland & Virginia, Fairfax Realty,Inc
301-613-2043, keji@metrohomesrealty.com, www.metrohomesrealty.com
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Wednesday, September 24, 2014
How to Increase Your Bowie House Value.The Five Remodeling Project with that Offer the Biggest Returns
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