Ridley Park homeowners should evaluate the possible increase in the value of their home versus the cost of particular changes before performing any projects. Some upgrades are more profitable than others in elevating a home’s value. Below are details on Ridley Park home renovations worth the investment.
Ridley Park Home Renovations Worth The Investment
Home owners often aim to regain the full amount of money spent on work when they go to sell their house. This is a normal tendency, but unfortunately, it is not supported by reality. Different home renovations add different value to a home, and that change in value can vary in various parts of the country. To give you a general understanding on home renovations worth the investment, below are some national figures.
2012 Averages for Mid-Range Repairs
The figures below are from Remodeling Magazine’s annual Cost vs. Value Report.
| Renovation | Cost | Resale Value | Percentage of Cost Returned |
|---|---|---|---|
| Attic Bedroom | 50,148 | 36,346 | 72.5% |
| Deck Addition | 10,350 | 7,259 | 70.1% |
| Sunroom Addition | 74,310 | 34,133 | 45.9% |
| Major Kitchen Remodel | 57,494 | 37,785 | 65.7% |
| Vinyl Window Replacement | 11,319 | 7,692 | 68% |
Analyzing Home Renovations Worth The Investment
Another factor influencing the value of projects is whether it is a mid-range or up-scale project. Kitchen renovations, for example, can be performed on the low end or the high end and each will result in a different figure. So, not only should you consider the type of repair but also the quality. For a broad list of home repairs, a comparison of mid-range versus high-end projects, and detailed current Ridley Park home renovations worth the investment, visit www.costversusvalue.com.
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