I work with a lot of homes that have been rehabbed before going on the market, so I'm always interested in home improvements and the effect they have on a home's value.

The National Association of REALTORS put out a Remodeling Impact Report. The report looks at the typical cost of remodeling projects as estimated by members of the National Association of the Remodeling Industry. It also reports what Realtors are seeing in the market regarding home improvements. I did a couple of posts on it last year, and I wanted to share with you the infographic containing the headline numbers.

I agree with my colleagues on the big interior takeaways: Kitchens and bathrooms are the place to put your money when it comes to adding value at resale. And remember: Yes, the cost of upgrading is a key piece to consider, but so is the fact that modern kitchens and bathrooms are what buyers want. At every tier of the market, a kitchen or bathroom update can make a home stand out among otherwise comparable properties.

In Roanoke, especially the city, the other big winners inside the home are HVAC systems and wood floors.

In terms of the exterior repairs, in the Roanoke area, yes: roofing and vinyl windows are a big deal across the board, both in terms of value and in terms of buyer appeal.

As always, the real answer depends on your home and how a particular project fits into an assessment of its overall value. So if you've been thinking of selling, give me a call and let's talk about upgrades you've made or the ones that would be most profitable to consider. With spring around the corner, this is the time to get those repairs on the calendar.

Contact me at (540) 793-0442 or rpayne@mkbrealtors.com. Be sure to like my page on Facebook.