All this time at home + our Instagram/Pinterest feeds can make a remodeling project seem not just doable, but fun. Before you bust out the demolition sledgehammer, let’s look at what homeowners want most and understand the differences between the cost, price, and value of such projects. It won’t just save you money now, but it will also help you know where you can make money back if/when you decide to sell your home in the future.
The Homeowner’s Dream List
Think back to the last time you went through the home buying process. Whether you wrote them out formally or simply had a list in your head, we bet you had a few things on your “must-have” list. In fact, at GARDNER, REALTORS, we think listing and rating these items is crucial for a successful home buying result. According to a recent survey by Porch.com, here are the top 5 things that American homeowners covet the most.
Project Cost vs. Value
Ok, so now we know what people want when searching for their dream home. Does this look similar to your dream list? Are there other remodeling ideas that like you’d like to tackle? Regardless of the project, it’s important to understand the cost vs. the value you actually get out of it. Just because your pool resembles the finest 5-star resort doesn’t mean you’ll recoup all of the money when it comes time to sell. Fortunately, we have local data to put your mind at ease. According to the Remodeling 2020 Cost vs. Value Report (www.cost vs value.com), these are the top 5 projects that statistics show will recoup the most value when you decide to put your home on the market:
- Replacing your siding with fiber-cement
- Replacing your siding with vinyl
- Adding a stone veneer to your home’s exterior
- Replacing your garage door
- Replacing your old windows
So, whether you want to make an upgrade to your forever home or finally make that improvement you know will increase your resale value, we’re here for you. With the expert GARDNER, REALTORS team at our disposal, we can help you feel confident in your financial knowledge and help you create the life you love!